Latest Blogs in Payroll
Liz Simpson
27th September 2023 HMRC increase interest rates

Until inflation is under control, HMRC have no option but to adjust their interest rates in accordance with changes decreed by the Bank of England.   There are two rates to consider, both linked to the Bank of England base rate: Late payment interest, set at base rate plus 2.5% Repayment interest, set at base…

Steven Denton
27th September 2023 Holiday Pay: Projected Changes

Rolled up holiday pay is a practice whereby an employer pays you an additional amount on top of your normal pay to reflect any extra hours you may have worked in the pay period. The additional amount was paid at 12.07% of the extra earnings. So, if you earned an extra £100 through working overtime…

Steven Denton
26th September 2023 Advisory Fuel Rates: New Advisory Electricity Rate

The latest Advisory Fuel Rates (AFR’s) for electric company vehicles took effect from 1st September 2023, with the new rate set at 10p per mile (previously 9p per mile). The latest diesel, petrol & hybrid rates are listed below:   Diesel   Engine size (cc) Fuel price (per litre) Rate per mile Advisory fuel rate…

Ruth Pearson
26th September 2023 Student Loan Thresholds for 23-24 Tax year

A quick summary of the Student Loan Thresholds for 23-24 Tax year.   The Department for Education (DoE) has confirmed the following changes for the next tax year:   Plan 1 (student loans pre-2012) the threshold will rise to £24,990   Plan 2 (student loans post 2012) the threshold will rise to £27,295   Postgrad…

Liz Simpson
26th September 2023 Statutory Maternity Pay: Alabaster Ruling

The employee is entitled to claim additional Statutory Maternity Pay (SMP) if a pay rise took place, or would have been awarded, between the start of the relevant period & the end of her statutory maternity leave had she not been absent on statutory maternity leave.   The ruling is not a new one, coming…

Steven Denton
25th September 2023 Tips & Gratuities: Hospitality Sector

Since 2015, the government has been promising action on the way employers deal with tips and gratuities in the hospitality sector. After many delays the Employment (Allocation of Tips) Act 2023 was passed in May 2023 & will most likely become law in 2024.   Historically, tips paid in cash have always been allocated to…

Steven Denton
4th September 2023 It’s National Payroll Week: An intro to WPB

It’s National Payroll Week and what better way to celebrate, than to let you know about our very own Payroll offering ‘WPB’, here at Whitings LLP!   What is WPB? Whitings Payroll Bureau (WPB) is a long-established payroll arm of Whitings LLP based at the Whitings offices in Bury St Edmunds, Ely, Mildenhall and St…

Steven Denton
15th August 2023 Possible Payroll Auto-Enrolment Changes?

The UK Government recognises that payroll auto-enrolment pension contributions need to increase in order to cover projected short-falls in personal pension pots. A private members bill (Extension of Automatic Enrolment No 2) has received a second reading in the House of Lords & is scheduled to return to the Commons in September. The aim is…

Harriet Sim
4th July 2023 HMRC: Simple Assessments

We are seeing a lot of tax calculations (forms P800) and ‘Simple Assessments’ (forms PA302) being issued by HMRC recently.   Many of the tax calculations we have seen are incorrect – either because they only include an estimate of non-PAYE income (i.e. bank interest, life assurance gains, property profits), or they omit non-PAYE income…

Joe Fretwell
16th June 2023 Reported your employee’s expenses and benefits? 

P11D & P11D(b)  For employers who provide expenses and benefits to their employees, there is now under a month to go to ensure your P11D and P11D(b) submissions have been made with HMRC (6th July 2023).   Payments of Class 1 A National Insurance must be made by 19th July 2023 (22nd July 2023 if…