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In April 2022 we saw Employee’s National Insurance Contributions increase by 1.25% from 12% to 13.25%, as part of the Governments Health and Social Care levy. Employer’s National insurance also increased from 13.8% to 15%. From April 2023, the health and social care levy will be paid separately to National Insurance and become a tax…

We are seeing more and more cases of individuals missing out on claiming higher rate tax relief on their employee pension contributions especially where they are not in self-assessment and required to file tax returns.   Where employers have enrolled their staff to make employees pension contributions via a ‘relief at source’ scheme, the contributions…

HMRC Changes to the National Insurance contributions for 2022-2023 tax year, are you confused? Due to the COVID-19 strain on the NHS, the government announced that they would be increasing the National Insurance contributions by 1.25% as a means to increase spending on health and social care. The Health and Social Care Levy was applied…

During the first lockdown HMRC paused most debt collection activities, which has contributed to the total UK tax debt of £39bn according to The Public Accounts Committee. HMRC have stated, “We are recouping debt safely, taking into account customers’ circumstances and making repayments affordable. It’s in no-one’s interests to push viable businesses into insolvency when…

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…