Latest Blogs in Payroll
Steven Denton
19th January 2024 Mandatory Payrolling of Benefits from 2026

In 2016 the government launched a trial scheme to payroll benefits. The purpose of this was to make the declaring and paying tax on benefits easier in comparison to submitting annual P11D forms and also to provide HMRC with real time information.   Due to the regulations HMRC put in place at the time, it’s…

Steven Denton
4th December 2023 Minimum Wage up 10% in April 2024: Cost to employers

Let’s discuss the cost to employers of the minimum wage rise April 2024.   During the last Tory Party conference, Prime Minister Rishi Sunak pledged that April 2024 would see the minimum wage increase to at least £11.00 per hour. The actual figure, announced on November 21st, is higher than expected, rising to £11.44 per…

Amanda Newman
24th November 2023 Dividends Vs Salary: Directors

With the reduction in employees National Insurance (NI) through the Autumn Statement, to 10% and the drop in the dividend allowance to only £500 from April 2024. Alongside the previously announced rise in Corporation Tax rates. The question directors will ask again is, am I better paying myself a higher salary rather than dividends?  …

Liz Simpson
13th November 2023 Holiday Pay & Entitlement Consultation Responses

News broke on 8th November regarding the long-awaited results of HMRC’s consultation on holiday pay and entitlement for employed workers.   In 2011, in order to come in line with the Working Time Directive, HMRC deemed that the 12.07% accrual method for calculating holiday pay was unlawful. This led to several employee tribunal cases with…

Ellen Carter
22nd October 2023 Company Christmas Party: Is It Tax-free To Employees?

Businesses and their staff will be looking forward to their annual Christmas party in the upcoming festive months. Providing all of the following criteria are met, the annual event becomes free of PAYE tax and National Insurance contributions for the employee, and is treated as a non-taxable benefit in kind:   The party or similar…

Nick Edgley
12th October 2023 Company Electric Vehicle (EV) Charging At Home

HMRC has amended guidance on the tax treatment of electric charging of company cars and vans at residential properties.   Many business owners will have purchased an electric car or van, owned within a company, over the last few years, attracted by the generous business and personal tax treatments. Where this Electric Vehicle (EV) has…

Liz Simpson
10th October 2023 Sick Pay: Farming Industry

The Farming Industry has some marked differences is sick pay legislation, PAYE regulations don’t pay sick pay over the statutory daily rate currently standing at £21.88 per day and commencing from the 4th consecutive day of absence. Statutory Sick Pay (SSP) is payable for the first 28 weeks of sickness, after which the employee can…

Steven Denton
28th September 2023 Making PAYE Payments By Direct Debit (DD)

After initial teething problems, HMRC under-estimated the number of employers who wished to take advantage of the scheme, paying your liabilities to the revenue via an automated payment is fully operational.   Employers will need their own Business Tax Account (BTA). On the BTA there will be a link to “Set up a Direct Debit”.…

Ruth Pearson
28th September 2023 Directors on payrolls: Statutory Maternity Pay (SMP)

Directors of companies are perfectly entitled to claim Statutory Maternity Pay (SMP). However, the director must have a contract of employment before they qualify for SMP. If they qualify for SMP, then the payment is calculated as it would be with any other employee. If the Director does not have a contract of employment, then…

Steven Denton
27th September 2023 Changes in Auto-Enrolment?

Late in September it is expected that Extension of Auto-Enrolment No 2 bill will be passed by the House of Commons. The aim of the bill is to increase personal pension savings by a some £45 billion over the next 30 years.   The two key reforms under consideration are the removal of the lower…