Reversal of National Insurance Increase takes effect

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From today , 6 November 2022, the 1.25% point cut to National Insurance rates for employees and employers takes effect across the UK. The reversal of April’s rise in National Insurance takes effect across the UK from today Added to July’s increase in National Insurance thresholds, almost 30 million people will be £500 better off … Continue reading Reversal of National Insurance Increase takes effect

Legislation updates 2023 for payroll

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Following the successful Legislation update for 2021 and then 2022 for payroll by PAYadvice.UK with 20 thousand hits and downloads since its launch at the beginning of 2021 - PAYadvice.UK are constructing its PAYadvice Series Legislation Update 2023 for payroll. We believe that PAYadvice was the first organisation in the UK to bring together the … Continue reading Legislation updates 2023 for payroll

Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator

An employer who provides childcare vouchers to employees are required to undertake an annual Basic Earnings Assessment (BEA) prior to the start of a new tax year to define the tax and NIC free amount of ChildCare Vouchers (CCV) allowed. The rates and limits available are set by the Westminster parliament and apply across the … Continue reading Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator

Drive to help over 50s re-join the jobs market

Over nine million 50+ workers now on payrolls, an increase of more than 210,000 since last year. Network of dedicated 50PLUS: Champions now in place across England, Scotland and Wales Builds on £22 million funding boost secured to support older workers Dozens of 50 PLUS Champions tasked with helping older workers into work are now … Continue reading Drive to help over 50s re-join the jobs market

HMRC Loan charge discovery assessments

Disguised remuneration loan schemes were used to avoid paying Income Tax and National Insurance contributions. Those classed as having a disguised remuneration loan, when they receive payments for work or services in the form of a loan or other form of credit in a way that they were unlikely to be repaid. The Low Income … Continue reading HMRC Loan charge discovery assessments

Autumn Statement 2022

Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor set out the government’s plan to put public spending on a sustainable footing and get debt falling, while protecting vital public services and prioritising the needs of the most vulnerable. Full details are set out … Continue reading Autumn Statement 2022

National Minimum and Living Wage rise for April 2023

The government states it is committed to ending low pay. From 1st April 2023, the National Living Wage (NLW) will increase by 9.7% to £10.42 an hour for workers aged 23 and over - the largest ever cash increase for the NLW. This represents an increase of over £1,600 to the annual earnings of a … Continue reading National Minimum and Living Wage rise for April 2023

Chancellor delivers plan for stability, growth and public services

The Chancellor has, Thursday 17th November 2022, announced the Autumn Statement, its aim to restore stability to the economy, protect high-quality public services and build long-term prosperity for the United Kingdom. Chancellor unveils a plan for stability, growth, and public services. Tackling inflation is top of the priority list to stop it eating into paycheques … Continue reading Chancellor delivers plan for stability, growth and public services

Reward and Payroll Summit – part 2 – The 4 day week

Ann-Marie Wittan So the next sessions go into streams and I’ve attended one covering the move from a 5 day week to 4 at Atom bank. They dipped from 37.5 to 34 without dropping pay. Work could be completed across 5 days but could be worked in 4. Productivity has increased. Employees enjoy coming to … Continue reading Reward and Payroll Summit – part 2 – The 4 day week

Reward and Payroll Summit – part 2 – The 4 day week

Ann-Marie Wittan So the next sessions go into streams and I’ve attended one covering the move from a 5 day week to 4 at Atom bank. They dipped from 37.5 to 34 without dropping pay. Work could be completed across 5 days but could be worked in 4. Productivity has increased. Employees enjoy coming to … Continue reading Reward and Payroll Summit – part 2 – The 4 day week

Reward and Payroll Summit 2022 – part 1

Thursday 17th November 2022, and great to be amongst payroll and reward professionals at the Reward & Payroll Summit at the London Hilton Bankside. Jeremy Campbell, CEO Black Isle Group Jeremy Campbell covered the six principle to crush your goals. Ever wondered how Olympians win gold medals? Jeremy Campbell, CEO of Black Isle Group, explains … Continue reading Reward and Payroll Summit 2022 – part 1

Early education vital for children born during lockdown

Ofsted has published the first in a series of reviews on early years education. The review underpins the inspectorate’s new strategic focus on early education and giving children ‘the best start in life’ following the Covid-19 pandemic. The report draws on a range of research to consider how early years practitioners deliver high-quality education for … Continue reading Early education vital for children born during lockdown

Time’s up for rogue landlords

Government toughen inspection of failing landlords and improve support for residents in supported housing. Rogue landlords who exploit the supported housing system at the expense of vulnerable residents could be banned from operating or fined up to £30,000 as enforcement is stepped up across the country. A £20 million government fund will support councils to … Continue reading Time’s up for rogue landlords

Nation falls silent on Remembrance Sunday

National two-minute silence takes place to remember those who died in conflict Members of the Royal Family and senior politicians will lay wreaths at the Cenotaph Around 10,000 Royal British Legion veterans will march past the Cenotaph to pay tribute to their fallen comrades A national two-minute silence led by His Majesty The King will … Continue reading Nation falls silent on Remembrance Sunday

Payroll Service Summit – part 2

The afternoon has started with a welcome back from Paul Spiers of Experian. Paul Spiers Experian (by psp 2022) Experien are creating a digital verification of employment information by accepting data from multiple payroll sources. (by psp 2022) The next session was introduced by Samantha O’Sullivan of the CIPP on the topic of Pay On … Continue reading Payroll Service Summit – part 2

Ten years of Automatic Enrolment – over £114bn pension savings

Automatic Enrolment has helped millions put more into their pension pots than ever before, according to new figures released to mark 10 years since the policy was introduced. In 2021, employees across the UK saved £114.6 billion into their pensions. This is a real terms increase of £32.9 billion compared to 2012, when Automatic Enrolment … Continue reading Ten years of Automatic Enrolment – over £114bn pension savings

Payroll Services Summit 2022 – Part 1

Setting for the Payroll Services Summit 2022 (by psp 2022) It’s great to be amongst the payroll service community at the summit on Thursday 10th November 2022 at the London Science Museum at Illuminate 5. With the Underground on strike, many will have enjoyed walks on what is a dry weather day with reasonable warm … Continue reading Payroll Services Summit 2022 – Part 1

New Minister for Pensions – Laura Trott

Laura Trott is the new Minister for Pensions with responsibility for pensioner benefits including the State Pension, private and occupational pensions, and oversight of arms-length bodies such as the Pensions Regulator Laura Trott was appointed Parliamentary Under Secretary of State at the Department for Work and Pensions on 27th October 2022 and confirmed as Minister … Continue reading New Minister for Pensions – Laura Trott

Online payment plans help 21,600 pay their Self Assessment bill

Self Assessment filers are using the self-serve Time to Pay facility to spread the cost of their tax bill. Since 6th April 2022, almost 21,600 Self Assessment filers who were unable to pay their tax bill in full have set up a payment plan to spread the cost into manageable monthly instalments – an increase … Continue reading Online payment plans help 21,600 pay their Self Assessment bill

8th May 2023 Bank holiday proclaimed

The Prime Minister has proclaimed an additional bank holiday to mark the Coronation of His Majesty King Charles III. The bank holiday will fall on Monday 8th May 2023, following the Coronation on Saturday 6th May 2023. In line with the bank holiday to mark Her Majesty Queen Elizabeth II’s Coronation in 1953, this will … Continue reading 8th May 2023 Bank holiday proclaimed

19 million plus households have received council tax rebates

The government is extending the deadline for claims as over 99% of households receive the payment. 99% of eligible households have received £150 council tax rebate The government is extending the deadline for councils to ensure as many eligible households as possible receive the payment Council tax rebate forms part of £37 billion package rolled … Continue reading 19 million plus households have received council tax rebates

Free legal advice pilot helping people facing financial difficulties

Around 20,000 people facing debt difficulties will be invited to receive free early-stage legal advice through a new pilot launched by the government 31st October 2022. Free early legal advice for thousands facing debt, housing and welfare benefit difficulties Legal advice to help stop people falling into further debt and having to appear in court … Continue reading Free legal advice pilot helping people facing financial difficulties

Autumn Statement 17th November 2022

The Prime Minister Rishi Sunak and the Chancellor Jeremy Hunt have agreed that the Autumn Statement will now be delivered on 17th November 2022 along with the Office for Budget Responsibility (OBR) forecast. It is to include the United Kingdom’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling … Continue reading Autumn Statement 17th November 2022

Rishi Sunak appointed as Prime Minister.

The King received The Rt Hon Rishi Sunak MP at Buckingham Palace Tuesday 25th October 2022. His Majesty asked him to form a new Administration. Mr. Sunak accepted His Majesty's offer and was appointed Prime Minister and First Lord of the Treasury. Good morning, I have just been to Buckingham Palace and accepted His Majesty … Continue reading Rishi Sunak appointed as Prime Minister.

Guernsey Class 1 contributions 2023

The States of Guernsey have voted and approved the Class 1 contribution changes which are to apply from 1st January 2023 at the States Meeting on 19th October 2022 (Billet d'Etat XVIII). From 1st January 2023 the percentage rates for the calculation of Class 1 (Employed) Contributions will be as shown in the following table … Continue reading Guernsey Class 1 contributions 2023

New campaign urges millions to boost their immunity this winter

COVID-19 and flu campaign launches to encourage eligible people to get their vaccines ahead of the winter. A new country-wide campaign urging millions of eligible people to get their flu and COVID-19 booster vaccines to top up their immunity will launch on Monday 24th October 2022, as almost 10 million people in England have already … Continue reading New campaign urges millions to boost their immunity this winter

PAYE RTI 2023-24: Technical Pack updated

The HMRC Software Developer Support Team have notified updates to the Real Time Information technical specifications and an update to the RTI data items for the 2023/2024 tax year HMRC are pleased advise that the 2023-24 RTI technical pack for internet (XML) submissions is now available: Real Time Information support for software developers Their current … Continue reading PAYE RTI 2023-24: Technical Pack updated

Christmas 2022 – when are the Bank Holidays and what about paying early?

As Christmas Day and New Year’s Day fall on weekends, neither is a bank holiday and therefore substitute days are used instead. So Tuesday 27th December 2022 is the official substrate bank holiday and Monday 2nd January 2023 the official substitute as New Years is a Sunday. Do Bank holidays have to be paid? Bank … Continue reading Christmas 2022 – when are the Bank Holidays and what about paying early?

October 2022 HMRC Employer Bulletin

HMRC have published their October 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Reduction in the rate of National Insurance contributions and reversal of the Health and Social Care Levy — employer actions Making your PAYE Settlement Agreement payment Guidelines for Compliance — help with PAYE Settlement Agreement calculations Electronic … Continue reading October 2022 HMRC Employer Bulletin

Boost for carers who will receive new unpaid leave entitlement

New laws introduced entitling unpaid carers to 1 week of unpaid leave a year. new laws introduced entitling unpaid carers to 1 week of unpaid leave a year to support those most in need eligible employees will be able to take Carer’s Leave regardless of how long they have worked for their employer Millions of … Continue reading Boost for carers who will receive new unpaid leave entitlement

Government backs new law to help pregnant women and new parents stay in work

New government-backed law to offer pregnant women and new parents greater protection against redundancy new government-backed law to offer pregnant women and new parents greater protection against redundancy new legal powers will help to counter workplace discrimination, particularly when new parents return to work Pregnant women and new parents will receive greater protections from redundancy … Continue reading Government backs new law to help pregnant women and new parents stay in work

Families claiming tax credits to receive second Cost of Living Payment from 23rd November 2022

Tax credits only customers will receive their second Cost of Living payment from 23rd November 2022. More than one million claimant families receiving tax credits, and no other means-tested benefits, will get their second Cost of Living Payment from Wednesday 23rd November 2022, HM Revenue and Customs (HMRC) has confirmed. This £324 government payment will … Continue reading Families claiming tax credits to receive second Cost of Living Payment from 23rd November 2022

Office for Veterans’ Affairs launches new group to step up veteran employment

Employers across the UK have joined a new group to support the government on helping veterans get into employment. Businesses across the country have come together to support veterans gaining employment after leaving the Armed Forces. The new Veteran Employers Group (VEG), established by the Office for Veterans’ Affairs and chaired by the Minister for … Continue reading Office for Veterans’ Affairs launches new group to step up veteran employment

Prime-minister Liz Truss resigns

At 1.30pm Thursday 20th October 2022, the prime minister announced her resignation. 2022 will be the year of three prime ministers. A new leadership election will take place shortly I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills. Putin’s illegal … Continue reading Prime-minister Liz Truss resigns

Chancellor brings forward further Medium-Term Fiscal Plan measures

Dear PAYadvice, Please share the following message sent on behalf of the HMRC External Affairs Team.  Earlier today the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, brought forward a number of measures from 31 October’s Medium-Term Fiscal Plan. The measures are designed to ensure the UK’s economic stability and provide confidence in the government’s … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures

Chancellor Statement – 17th October 2022

Speech to the House of Commons as delivered by Chancellor Jeremy Hunt. Mr Speaker, The central responsibility of any government is to do what is necessary for economic stability. Behind the decisions we take and the issues on which we vote are jobs families depend on, mortgages that have to be paid, savings for pensioners, … Continue reading Chancellor Statement – 17th October 2022

Pensions Dashboards – coming soon to a screen near you

Monday 17th October 2022 saw regulations to enable millions of UK savers to access their pensions information at the touch of a button having been laid before parliament. Marking another important milestone in the Department for Work and Pensions’ (DWP) progress towards making Pensions Dashboards a reality, the regulations outline how pension schemes will connect … Continue reading Pensions Dashboards – coming soon to a screen near you

Free legal advice expanded to help thousands more people at risk

Thousands of domestic abuse victims will be able to access free legal advice and representation under new changes to the legal aid system introduced Monday 17th October 2022. domestic abuse victims to get expert legal advice through new protection orders and notices additional £10 million for housing legal aid to help people at risk of … Continue reading Free legal advice expanded to help thousands more people at risk

Chancellor brings forward further Medium-Term Fiscal Plan measures

The Chancellor of The Exchequer Jeremy Hunt has, Monday 17th October 2022, brought forward a number of measures from 31st October 2022 Medium-Term Fiscal Plan. Changes designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline Basic rate of income tax to remain at 20% until economic conditions … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures

New Starter Checklist for PAYE available

HM Revenue and Customs have launched a New Starter Checklist as an alternative way for new employees to ensure their tax codes are correct if they don’t have a P45. By answering a series of questions and selecting the appropriate answers, this will produce a new starter declaration which can then be downloaded and emailed … Continue reading New Starter Checklist for PAYE available

PM press conference: 14th October 2022

Prime Minister Liz Truss's opening remarks: Good afternoon, My conviction that this country needs to go for growth is rooted in my personal experience. I know what it’s like to grow up somewhere that isn’t feeling the benefits of growth. I saw what that meant and I am not prepared to accept that for our … Continue reading PM press conference: 14th October 2022

New Chancellor and Secretary to the Treasury appointed

King Charles III has been pleased to approve the following appointments: Rt Hon Jeremy Hunt MP as Chancellor of the Exchequer Rt Hon Edward Argar MP as Chief Secretary to the Treasury Chancellor of the Exchequer - The Rt Hon Jeremy Hunt MP Appointed Chancellor of the Exchequer on Friday 14th October 2022 after Kwasi … Continue reading New Chancellor and Secretary to the Treasury appointed

Chancellor accepts request to stand aside

Friday 14th October 2022 saw one of the shortest service Chancellor of the Exchequer as Kwasi Kwarteng stands aside at the request of the prime minister Liz Truss. Following the Growth Plan 2022 announcements in cuts to both income tax and Corporation tax, the value of government gilts has been under significant market pressure along … Continue reading Chancellor accepts request to stand aside

Coronation Saturday 6th May 2023

Buckingham Palace is pleased to announce that the Coronation of His Majesty The King will take place on Saturday 6th May, 2023. The Coronation Ceremony will take place at Westminster Abbey, London, and will be conducted by the Archbishop of Canterbury. The Ceremony will see His Majesty King Charles III crowned alongside The Queen Consort. … Continue reading Coronation Saturday 6th May 2023

Medium-Term Fiscal Plan (Budget)

The Chancellor has commissioned the OBR’s forecast for 31st October 2022, and will publish the Medium-Term Fiscal Plan on the same date. The Chancellor's letter notifies the Treasury Select Committee that the OBR’s forecast has been commissioned for 31st October 2022, and will be accompanied by the Chancellor’s Medium-Term Fiscal Plan. The Chancellor confirms that … Continue reading Medium-Term Fiscal Plan (Budget)

Employment boost for people receiving mental health support

£122 million boost to service will give those receiving mental health support the opportunity to speak to employment advisers Employment advisers and therapists will work together so that a person can return to or find work easier and faster – driving economic growth Across England, people with common mental health problems like stress, anxiety and … Continue reading Employment boost for people receiving mental health support

Self Assessment taxpayers could be fraudsters target

HMRC are always detecting new tax scams. Beware of fraudsters offering refunds or tax rebates in the run up to the 31st January Self Assessment deadline. In the 12 months to August 2022, HMRC has: responded to 181,296 referrals of suspicious contact from the public. Some 80,662 of these offered bogus tax rebates responded to 55,386 reports … Continue reading Self Assessment taxpayers could be fraudsters target

HMRC cracks down on unlawful estate agents

HMRC adds 68 estate agents to the list of named businesses not complying with money laundering regulations. Dozens of estate agents have been fined more than £500,000 for breaching anti-money laundering requirements, HM Revenue and Customs (HMRC) has announced 11th October 2022. 68 estate agents have been fined a total of £519,645 for not complying … Continue reading HMRC cracks down on unlawful estate agents

Boost for teacher training bursaries by up to £10,000 a year

Graduates applying to train as teachers in high priority subjects are to receive increased tax-free bursaries and scholarships from next year under plans to recruit and retain top talent. For aspiring teachers starting their training in September 2023, bursaries worth £27,000 and scholarships worth £29,000 will draw talented trainees into the highest-priority STEM (science, technology … Continue reading Boost for teacher training bursaries by up to £10,000 a year

November 2022 NI change – Drop the message

To ensure taxpayers understood their increased National Insurance contributions from 6th April 2022, that the additional contribution was to help fund public services, HMRC asked employers and payroll agents to put a message on the payslip explaining what these funds would be used for. Originally they asked that the message apply to all payslips for … Continue reading November 2022 NI change – Drop the message

When we challenge discrimination and progress gender equality, everybody benefits

Statement by Richard Croker, UK Ambassador to the General Assembly, at the Third Committee meeting on advancement of women. Thank you Mr Chair, Multiple and interconnected barriers are preventing women and girls from reaching their full potential. Where women and girls are unable to reach their potential, whole countries suffer. We know that when we … Continue reading When we challenge discrimination and progress gender equality, everybody benefits

Teenagers missing out on a stash of cash

Teenagers could have an average of £2,100 in their Child Trust Fund savings account waiting to be claimed. HM Revenue and Customs (HMRC) are reminding Tens of thousands of teenagers who have not yet claimed their matured Child Trust Funds savings could have thousands of pounds waiting for them. Child Trust Funds are long-term savings … Continue reading Teenagers missing out on a stash of cash

New Pensions Minister – Alex Burghart

Alex Burghart was appointed as Parliamentary Under Secretary of State for the Department for Work and Pensions on 20th September 2022. He was previously appointed as a Parliamentary Under Secretary of State at the Department for Education from 16th September 2021 to 6th July 2022. Alex was elected as Conservative MP for Brentwood and Ongar … Continue reading New Pensions Minister – Alex Burghart

Over eight million households to receive second Cost of Living Payment from 8th November 2022

The £324 Cost of Living Payment, which follows on from a £326 payment made from July, is part of £1,200 support package for millions this year The £150 Disability Cost of Living Payment was provided in September, with a £300 additional pensioner payment to come in the Winter Millions of households across the UK will … Continue reading Over eight million households to receive second Cost of Living Payment from 8th November 2022

Prisoners start as apprentices

Prisoners at open prisons in England are to start high-quality apprenticeships at big name employers thanks to change in law and the Government's skills agenda. For the first time ever, those behind bars will embark on dedicated on-the-job learning programmes that have a direct route into work with leading employers on release that will keep … Continue reading Prisoners start as apprentices

Additional Rate tax update

The Chancellor confirmed an update to plans for the Additional Rate tax on the morning of 3rd October 2022. “From supporting British business to lowering the tax burden for the lowest paid, our Growth Plan sets out a new approach to build a more prosperous economy. However, it is clear that the abolition of the … Continue reading Additional Rate tax update

The Pension Regulator publishes new compliance and enforcement bulletin

TPR is warning employers to ensure they are complying with their ongoing automatic enrolment duties after inspections carried out earlier this year found a number of errors. The alert to employers comes as TPR publish its latest compliance and enforcement bulletin, showing how many times TPR has used its automatic enrolment and frontline regulation powers … Continue reading The Pension Regulator publishes new compliance and enforcement bulletin

Stoptober launches to give smokers the confidence to quit

Launch of Stoptober encourages thousands of smokers to quit the habit this October Smoking remains the single biggest cause of preventable illness and death in England People are 5 times more likely to quit for good if they can make it to at least 28 days smoke free A new film has been released featuring … Continue reading Stoptober launches to give smokers the confidence to quit

Administrative Earnings Threshold to rise for Universal Credit Jobseekers

Around 114,000 people on Universal Credit will be supported to increase their pay while getting access to more one-on-one time with a Work Coach. Workers on low incomes will be able to earn more and still receive intensive support. The changes will bring tens of thousands of claimants of all ages across Great Britain into … Continue reading Administrative Earnings Threshold to rise for Universal Credit Jobseekers

Growth Plan implementation update

An update on next steps following the Growth Plan which the Chancellor set out on 23 September. Friday 23rd September 2023, the Chancellor of the Exchequer, the Rt Hon Kwasi Kwarteng MP, set out how the government would fulfil its commitment to cut taxes for people and businesses and announced wider supply side policies to … Continue reading Growth Plan implementation update

A hand-up for start-ups: 33,000 new loans for small businesses

Start Up Loans of up to £25,000 now available to start-ups that have been trading for up to three years, up from two years New ‘second loans’ available for businesses that have been trading for up to five years Loans to provide much-needed support for the UK’s innovators and entrepreneurs An £884m loan scheme for … Continue reading A hand-up for start-ups: 33,000 new loans for small businesses

The Growth Plan 2022 speech

The Growth Plan 2022 speech as delivered by Chancellor Kwasi Kwarteng. Mr Speaker, Let me start directly with the issue most worrying the British people – the cost of energy. People will have seen the horrors of Putin’s illegal invasion of Ukraine. They will have heard reports that their already-expensive energy bills could reach as … Continue reading The Growth Plan 2022 speech

IR35 Off payroll working rules repealed from 6th April 2023 – cancelled

As part of the Chancellors Growth Plan 2022 speech: Mr Speaker, we can also simplify the IR35 rules – and we will. In practice, reforms to off-payroll working have added unnecessary complexity and cost for many businesses. So, as promised by My RHF the Prime Minister, we will repeal the 2017 and 2021 reforms. Of … Continue reading IR35 Off payroll working rules repealed from 6th April 2023 – cancelled

Company Share Option Plan (CSOP) limits doubled

Growth Plan – a package of measures to deliver a pro-growth, simplified tax system that supports business investment across the United Kingdom, and allows people to keep more of their own money. One is changes to the Company Share Option plan (CSOP) scheme – increasing the employee share option limit from £30,000 to £60,000 and … Continue reading Company Share Option Plan (CSOP) limits doubled

The Growth Plan 2022: Investment Zones

New employer National insurance reliefs to be introduced Similar to Veterans and Freeports, a new investment zone employer NIC relief is proposed requiring change in payroll solutions. Investment Zones Investment Zones are to drive growth and unlock housing across the UK by lowering taxes and liberalising planning frameworks to encourage rapid development and business investment. … Continue reading The Growth Plan 2022: Investment Zones

Reversal of the Health and Social Care Levy

The government is cancelling the Health and Social Care Levy – initially introduced via a 1.25 percentage point rise in National Insurance contributions (NICs) - which took effect in April 2022. This is delivered in two parts: The reduction of National Insurance rates from 6th November 2022, in effect removing the temporary 1.25 percentage point … Continue reading Reversal of the Health and Social Care Levy

Tax cuts planned for April 2023

Chancellor announces new Growth Plan with biggest package of tax cuts in generations The government has announced that the planned 1% point cut to the Basic Rate is to be brought forward by 12 months to next April. *This proposal was withdrawn on Monday 17th October 2022. To allow people to keep more of their … Continue reading Tax cuts planned for April 2023

Payroll 2022-23: November changes to NICs

The following has been provided by the HMRC Software Developer Support Team (SDST):- Dear Developer, On 22 September the Government announced changes to National Insurance contributions (NICs) rates and the Health and Social Care Levy (HSCL). Please note that this update is subject to Parliamentary approval. Key measures the Government announcement impacting payroll software developers … Continue reading Payroll 2022-23: November changes to NICs

3rd National Insurance change confirmed for 6th November 2022

The 1.25 percentage point rise in National Insurance will be reversed from 6th November 2022, the Chancellor Kwasi Kwarteng has announced 22nd September 2022 April’s National Insurance increase to be reversed from November 2022 - delivering one key Prime minister pledge to cut tax burden and promote economic growth Health and Social Care Levy will … Continue reading 3rd National Insurance change confirmed for 6th November 2022

Real Living Wage increases to £10.90 in UK and £11.95 in London

The Living Wage Foundation has announced their new uplifted rates early on Thursday 22nd September 2022, a day ahead of the UK governments fiscal statement. Employers who declare themselves as Living Wage employers usually have 6 months to implement these new rates from the date of announcement, however the deadline has been set as 14th … Continue reading Real Living Wage increases to £10.90 in UK and £11.95 in London

HM Treasury confirm Friday 23rd September 2022 for the mini budget

Subject to the agreement of the House of Commons, On Friday 23rd September, Chancellor Kwai Kwarteng will unveil the Growth Plan to Parliament. PAYadvice.UK 21/9/2022

£150 Disability Cost of Living Payments begin

Six million people who are paid certain disability benefits will begin to receive a one-off payment of £150 from Tuesday 20th September 2020 Payments are part of the government’s wider £37 billion support package, including the Energy Price Guarantee and cost of living payments totalling £650 Those who had confirmed payment of their disability benefit … Continue reading £150 Disability Cost of Living Payments begin

Jersey – Minimum Wage Increase

The Jersey Government has announced that minimum wage is to rise to £10.50 per hour from 1st November 2022. This replaces and enhances the previously planned incremental rise to £10 per hour from 1st October 2022 in advance of a further January 2023 increase, neither of which will now take place. Only enacting one rise … Continue reading Jersey – Minimum Wage Increase

Who is Kwasi Kwarteng?

Chancellor of the Exchequer - The Rt Hon Kwasi Kwarteng MP It is increasingly looking as if the government will hold a mini emergency budget later this week probably on Friday 23rd September before the parliamentary recess. This will be there first for the Liz Truss government and the first for the new Chancellor. What … Continue reading Who is Kwasi Kwarteng?

Mini-budget imminent

Following the state funeral on Monday 19th September 2022, the government are expected to hold a fiscal event or mini -budget to move forward with plans to assist with the cost of living crisis. Increasing indication are that this will take place on Friday 23rd September 2022. There are some likely areas of payroll impact … Continue reading Mini-budget imminent

The National Cyber Security Centre warns about potential scams during the period of national mourning.

During this period following the death of Her Majesty the Queen, including her Lying-in-State and State Funeral, there may be an increase in phishing emails and other scams. What is phishing? 'Phishing' is when criminals use scam emails, text messages or phone calls to trick their victims. The aim is often to make you visit … Continue reading The National Cyber Security Centre warns about potential scams during the period of national mourning.

Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral

The government has confirmed that payments of benefits normally due in accounts on Monday 19th September 2022 will be made early. Those expecting to receive benefits and credits on Monday 19th September 2022 will be paid early Benefits and credits will be paid on Friday 16th September 2022, the last working day before the recently … Continue reading Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral

National Moment of Reflection

The National Moment of Reflection will take place at 8pm on Sunday 18th September 2022. The public have been invited to take part in a National Moment of Reflection to mourn the passing of Her Majesty Queen Elizabeth II and reflect on her life and legacy. The National Moment of Reflection will take place at … Continue reading National Moment of Reflection

PAY.UK Confirm Monday 19th September 2022 as a non-payment processing date for BACS

From: Pay.UK Enquiries <Enquiries@wearepay.uk> Sent: 12 September 2022 16:43To: PAYadvice.U.K.Subject: RE: External : Bank Holiday 19th September 2022 Good afternoon,  We are deeply saddened by the death of Her Majesty the Queen and we send our sincerest condolences to all those who are mourning this upsetting news. A bank holiday for the state funeral of … Continue reading PAY.UK Confirm Monday 19th September 2022 as a non-payment processing date for BACS

Fraud warning as new academic year approaches

The Student Loans Company (SLC) is urging students to be aware of fraud and phishing scams as the new academic year starts. They will pay more than £2billion to 2 million students over the coming weeks and reminding students to be vigilant. As payments make their way, the company is warning Freshers and returning students … Continue reading Fraud warning as new academic year approaches

19th September 2022 confirmed as State Funeral and Bank Holiday

The department for Business Enterprise and Industrial Strategy have issued the following information and guidance. Monday 19th September 2022 will be a bank holiday to coincide with Her Majesty Queen Elizabeth II’s State Funeral bank holiday to mark the last day of the period of national mourning Monday 19th September 2022, the date of Her … Continue reading 19th September 2022 confirmed as State Funeral and Bank Holiday

State funeral will be a public holiday

King Charles III has approved, at the ceremony St James palace proclaiming him as monarch, a bank holiday across the United Kingdom for the day of the funeral of his mother Queen Elizabeth II. The date of the Funeral is yet to be confirmed but it is believed to take place ten days after the … Continue reading State funeral will be a public holiday

Flag flying guidance following the death of Her Majesty The Queen

The following guidance has been issued in relation to Flag flying during this period of mourning. Following the death of Her Majesty The Queen, all official flags, including the Union Flag, should be half-masted. Following the death of Her Majesty The Queen, all official flags, including the Union Flag, should be half-masted from as soon … Continue reading Flag flying guidance following the death of Her Majesty The Queen

Approved Mileage Allowance Payments error

HMRC’s Income Tax Policy Team has indicated that over the last 6 months, both HMRC & HM Treasury have received a large number of queries relating to Approved Mileage Allowance Payments (AMAPs), which may be paid to employees free of tax and NI for any business miles travel they do in their own vehicle (not … Continue reading Approved Mileage Allowance Payments error

Uprated real Living Wage rate imminent

The Living Wage Foundation has brought forward the announcement of the new Living Wage Rates (and London Living Wage rate from its tradition November announcement point at the beginning of the Living Wage week, to the earlier date of 22nd September 2022 as part of an initiative to support employees with the cost of living … Continue reading Uprated real Living Wage rate imminent

Over 16 million households receive cost of living council tax rebate

Around 90% of eligible households have received the government’s £150 council tax rebate to help with the cost of living. Around 9 out of 10 of eligible households have received £150 cost of living rebate Anyone yet to receive the rebate can make a claim to local authority Rebate part of £37 billion of government … Continue reading Over 16 million households receive cost of living council tax rebate

Directors of a tax avoidance promoters named for the first time

HMRC uses new powers to publicly name the directors of tax avoidance promoting companies. Tax avoidance bosses have been named for the first time in the latest move to help protect the public. HM Revenue and Customs (HMRC) has used new powers to publicly name directors of tax avoidance promoting companies, with customers being warned … Continue reading Directors of a tax avoidance promoters named for the first time

Preparing for the 3rd National Insurance payroll change!

With the resignation of Boris Johnson and the ongoing election of a new Prime Minister with announcements to be made Monday 5th September 2022, will payroll see it’s third change to National Insurance in one year? With candidates vying for election, promises of changes are frequent and sometimes a little reactionary. With the cost of … Continue reading Preparing for the 3rd National Insurance payroll change!

Rent cap on social housing to protect millions of tenants from rising cost of living

Under the proposals being consulted on, a cap on social housing rent increases would be put in place for the coming financial year, with options at 3%, 5% and 7% being considered. Social rent cap proposed to support tenants with cost of livingMove could save households £300 per year and provide financial stability for 4 … Continue reading Rent cap on social housing to protect millions of tenants from rising cost of living

Consultation on NHS pension changes to boost winter workforce

NHS pension scheme changes could be extended to allow retired staff to retain pension benefits if they return to the NHS workforce The extension would make it easier for skilled professionals returning to the NHS to deliver high-quality care to patientsMove would help to bolster the workforce ahead of winter so they can continue catch … Continue reading Consultation on NHS pension changes to boost winter workforce

Parents and carers of 16 to 19-year-olds have less than one week left to confirm whether their teenager is staying in full-time education or approved training.

While young people are considering their future beyond their GCSE or Scottish National Certificate results, HMRC is asking parents and carers to make sure they update their Child Benefit records by 31st August 2022, or risk seeing their payments end. HMRC has written to 1.3 million parents and carers of children, who are in the … Continue reading Parents and carers of 16 to 19-year-olds have less than one week left to confirm whether their teenager is staying in full-time education or approved training.

EV Drivers benefit from £20 million chargepoint boost

Drivers will have access to more than 1,000 new electric vehicle chargepoints across the country. more than 1,000 new electric vehicle chargepoints to be installed in a new pilot, as part of a wider £450 million schemechargepoints will be built across 9 local authorities across England, including Durham, Nottinghamshire, and Suffolknearly £20 million from government … Continue reading EV Drivers benefit from £20 million chargepoint boost

Thousands more leaseholders to get money back

After CMA action, thousands of leaseholders who paid a doubled ground rent will receive refunds and 9 more companies will remove these costly terms from leasehold contracts. Over 20,000 leaseholders helped by CMA’s investigation to date.Interim CMA CEO: “People now have a new lease of life, freed from issues like costly doubling ground rent terms”. … Continue reading Thousands more leaseholders to get money back