Payroll News

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Self-employment Income Support Scheme

Self-employment Income Support Scheme

Self-employment Income Support Scheme  On 26 March the Chancellor Rishi Sunak announced his plans to support the self-employed during the COVID-19 pandemic. In some ways it is very similar to the previously announced Job Retention Scheme. The Self-Employment Income...

Tax Rates 2020/21

Tax Rates 2020/21

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households During this difficult time for businesses and households the Bank of England have put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...

HMRC announces a change to the off-payroll working rules

HMRC announces a change to the off-payroll working rules

HMRC announces a change to the off-payroll working rules As part of a review into changes to the operation of the off-payroll working rules (IR35), HMRC has announced that the rules will only apply to payments made for services provided on or after 6 April 2020. ...

Minimum wage rates to rise in April

Minimum wage rates to rise in April

Minimum wage rates to rise in April The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an hour, in the largest increase...

Hawsons makes history after 165 years in business

Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....

Bar pupil’s minimum pay set to increase

Bar pupil’s minimum pay set to increase

Bar pupil's minimum pay set to increase  From 1st January 2020 the minimum wage for a pupil barrister working for a chamber in London will be £18,866 a year, whereas outside London pupil barristers will receive a minimum of £16,322. The previous minimum wage was set...

National Living Wage to increase to £10.50 within five years

National Living Wage to increase to £10.50 within five years

National Living Wage to increase to £10.50 within five years Conservative Chancellor Sajid Javid announced at the Conservative party conference that he would raise the National Living Wage to £10.50 within five years. The current amount for over 25s is £8.21, but the...

Tax Rates 2019/2020

Tax Rates 2019/2020

Tax Rates 2019/20 We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax...

Minimum wage: 200,000 workers underpaid

Minimum wage: 200,000 workers underpaid

200,000 workers who were paid less than the minimum wage have been identified following a record government clampdown There was £15.6 million of underpayments identified for more than 200,000 workers which resulted in employers being fined an unprecedented £14 million...

200,000 receive back pay as HMRC enforce National Minimum Wage

200,000 receive back pay as HMRC enforce National Minimum Wage

200,000 receive back pay as HMRC enforce National Minimum Wage BEIS and HMRC are urging underpaid workers to complain about National Minimum Wage (NMW) and National Living Wage (NLW) underpayments. Recent figures show that the number of workers receiving the money...

The Election result: What are the tax implications?

The Election result: What are the tax implications?

The Election result: What are the tax implications? The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the...

National living wage – rising wage costs for employers

National living wage – rising wage costs for employers

The National Living Wage From 1 April 2016, following the introduction of the new National Living Wage, all workers aged 25 and over are legally entitled to at least £7.20 per hour. This was, however, until the Chancellor delivered his Autumn Statement, where he...

Apprenticeship Levy: Not long to go

Apprenticeship Levy: Not long to go

The new Apprenticeship Levy will be launched in April 2017. We look at what this is and who will be affected by the government's new levy. What is the Apprenticeship Levy? First of all, only employers with a wage bill of over £3m will be affected by the Apprenticeship...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions  The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we...

New polymer banknotes start circulation with £5 note

New polymer banknotes start circulation with £5 note

New polymer banknotes start circulation with £5 note The 13th September marked the first day of the brand new polymer banknotes being issued. The £5 note is the first of the banknotes to be launched in England and Wales. The polymer made banknotes are much more...

Apprenticeship levy update: further guidance issued August 2016

Apprenticeship levy update: further guidance issued August 2016

Apprenticeship Levy update A new apprenticeship levy update has been issued (August 2016), stating that all businesses have until September to feedback on plans before the new rules are formally introduced next year. The government has ignored some businesses groups'...

Care home Minimum Wage and Living Wage update

Care home Minimum Wage and Living Wage update

The government announced increases to the National Minimum Wage, effective 1 October 2016, after accepting recommendations for the new rates from the Low Pay Commission (LPC). The main National Minimum Wage rate (for 21- 24 year olds) will rise by 3.7% from £6.70 to...

P11D deadline reminder – are you ready for 6 July 2016?

P11D deadline reminder – are you ready for 6 July 2016?

Important reminder for employers: the P11D deadline is 6th July 2016. The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2016, are due for submission to HMRC by 6 July...

PAYE 3 days grace and risk based penalties to continue

PAYE 3 days grace and risk based penalties to continue

PAYE 3 days grace and risk based penalties to continue HMRC have confirmed, in their updated guidance, that the three day easement and risk assessed approach to issuing penalties will continue to apply for 2016/17. As a result employers will not incur penalties for...

Expenses exemption to replace dispensations from 6 April 2016

Expenses exemption to replace dispensations from 6 April 2016

Are you aware of the changes to dispensations? In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation...

Personal allowances and tax bands for 2016/17

Personal allowances and tax bands for 2016/17 Under the current rules for those born after 5 April 1938 the personal allowance is currently £10,600, whilst those born before 6 April 1938 have a slightly higher allowance (read more about personal allowances by age...

National Minimum Wage to rise again in October 2016

National Minimum Wage to rise again in October 2016

The government announced increases to the National Minimum Wage, effective 1 October 2016, after accepting recommendations for the new rates from the Low Pay Commission (LPC). The main National Minimum Wage rate (for 21- 24 year olds) will rise by 3.7% from £6.70 to...

Important PAYE and employment tax changes 2016 that you need to know

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the forthcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary,...

Is now a good time to outsource your payroll?

Is now a good time to outsource your payroll?

As the tax year draws to a close we ask: what actions could you take to make your life easier from 5 April, taking some of the stress out of running your business and giving you more free time on evenings and weekend? Outsourcing your payroll will not only likely save...

Important changes to Employment Allowance from 6 April 2016

Important changes to Employment Allowance from 6 April 2016

The changes to Employment Allowance The National Insurance Contributions (NIC) Employment Allowance was introduced from 6 April 2014. It is an annual allowance which is available to many employers and can be offset against their employer's NIC liability. From April...

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