Latest Payroll

HMRC’s most recent Employer Bulletins are indicating a clear shift towards the promotion of payrolling benefits, with the topic being mentioned in nearly every latest issue.   The payrolling of benefits in kind shifts the management of the process from annual to monthly reporting, allowing employees to pay tax in ‘real time’ during the tax year…

In accordance with the government’s desire for the NLW to reach two-thirds of median earnings by October 2024, the following increases to the NLW & NMW have been adopted for 2022-23 tax year.     The new rates will be introduced from 1st April 2022 and will be applicable to all payments made after this…

It has been announced that the Statutory Sick Pay Rebate Scheme will close on 17 March 2022, with the deadline for submitting outstanding claims being 24 March 2022.   You will no longer be able to claim back the SSP for coronavirus-related absences occurring beyond 17 March 2022.   From 25 March 2022, normal SSP…

HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: reporting PAYE information in real time when payments are made early at Christmas preventing and correcting payroll errors Health and Social Care – National Insurance contribution increase UK-Swiss Convention on Social Security Coordination COVID-19 –…

Under standard UK rules, employers did not pay statutory sick pay (SSP) until the fourth day of sickness. However, on 19th May 2020, the government announced that they were tweaking the rules for SSP in order to help combat the spread of coronavirus. From 26th May 2020 the three-day “qualifying period” for SSP would be…

Kickstart Scheme Did you know there is a grant available from the Government to hire young people for 6-month placements? It provides funding to employers to create jobs for 16- to 24-year-olds on Universal Credit. The Kickstart Scheme covers 100% of National Minimum Wage and offers six-month jobs for 25 hours per week for young…

Normal Statutory Sick Pay (SSP) can be paid to your employees from the fourth day they are absent from work if they meet the following criteria: They are classed as an employee and have done some work for you Earn an average of at least £120 per week Have been ill for at least 4…

Previously if you submitted an error on your payroll to HMRC in an earlier tax year and you noticed the error by 19th April following that tax year, you could amend your payroll records and submit an adjustment (FPS adjustment).   If you noticed the error after 19th April, you would submit an Earlier Year…

In case you thought the NI coding system was becoming too easy to follow, HMRC have announced 4 more NI codes in order to comply with the new regulations, starting in April 2022, for those companies trading within one of the newly established Freeport areas.   F – standard category letter I – married women…

Following an announcement by the government in 2020, from April 2021 employers hiring former members of the UK armed forces will be exempted from any NI contributions liability on the veteran’s salary up to the Upper Secondary Threshold (UST) in the first twelve months of their employment. However, under current guidelines relief for the 2021-22…