Articles and information in relation to UK Payroll for business, employers and employees.
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!
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
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
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.
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
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
Students should get up to date with 3 vaccines: Men ACWY (meningitis), MMR (measles, mumps and rubella) and, for female students, HPV, before the start of the new term. Students heading to university in September are being encouraged to ensure they are up to date with their vaccinations ahead of Freshers’ Week to protect themselves … Continue reading Students encouraged to get up to date with vaccinations ahead of Freshers’ Week
Routine asymptomatic testing will be paused across remaining settings, including hospitals and care homes, from 31 August as Covid cases continue to fallTesting for individuals with symptoms in these settings, including health and social care staff, will continueImmunocompromised patients in hospitals and people being admitted into care homes and hospices will also continue to be … Continue reading Regular asymptomatic testing for Covid will be paused in all remaining settings from 31st August 2022
The future of maritime has been given a massive funding boost by the UK Government with an increase in training subsidies for cadets and ratings. Eligible seafarers will now get half of their training paid – providing a real investment in the future of maritime and securing future growth. Previously, the subsidy was 30% but … Continue reading Funding for maritime cadets and ratings boosted
The UK’s top high-growth businesses will have greater flexibility and power to entice the world’s top talent through the new Scale-up visa, the government announced 22nd August 2022. UK businesses experiencing success will be eligible to sponsor talented individuals, from scientists and engineers to architects and programmers, to support their growth and contribute to boosting … Continue reading Scale-up visa to propel high-growth businesses
Eleven local authority areas in England to benefit from £12.7 million in multi-year funding. trials in 11 areas across the country to help people’s mental and physical healthGPs will issue social prescriptions such as walking, wheeling and cycling, backed by £12.7 millionschemes will include cycling and walking groups, cycle training and free bike loans Social … Continue reading Walking, wheeling and cycling to be offered on prescription in nationwide trial
A new £7.6 million government initiative has been launched to help over 2,000 adults with learning disabilities and autism move into work. The Local Supported Employment (LSE) initiative is providing grant funding to 24 local authorities in England and Wales, representing an investment of £7.6 million over the next three years. Each local authority area … Continue reading Help for 2,000 adults with autism into work
Figures show £21.3 billion allocated to micro, small, and medium sized businesses in England through COVID-19 business grants schemedata shows grants supported businesses in many sectors of the economy, including accommodation and food services, wholesale and retail, and arts, entertainment and recreation Smaller businesses across the whole of England received £21.3 billion through the government’s COVID-19 … Continue reading Small businesses received £21.3 billion in COVID-19 local authority business support grants
The Insolvency Service has provided an update following its urgent enquiries into the circumstances surrounding the redundancies made by P&O Ferries on 17th March 2022. An Insolvency Service spokesperson said: “After a full and robust criminal investigation into the circumstances surrounding the employees who were made redundant by P&O Ferries, we have concluded that we … Continue reading P&O Ferries update
A tax avoidance promoter based in The Shard has been exposed by HM Revenue and Customs (HMRC) with users warned to withdraw or risk large tax bills. ContractorCare Ltd has been named by HMRC as a tax avoidance promoter, along with PAYEme Ltd, and Gateway Outsource Solutions Ltd. Customers of these business are being urged … Continue reading London landmark tax avoidance scheme named
The Department of Health and Social Care has confirmed that an autumn booster of the #COVID19 vaccine will be offered to people at higher risk to extend their protection against getting seriously ill. All of the available boosters provide good protection against severe illness from coronavirus (COVID-19). More details on which vaccines will be used … Continue reading COVID19 Autumn Booster
Commenting on the labour market figures published by the ONS, which show real wages falling by 4.1 per cent (on CPI measure) as the cost of living crisis intensifies, TUC General Secretary Frances O’Grady said: “Everyone who works deserves financial security. “But with the Bank of England predicting the worst decline in real pay for … Continue reading TUC calls on ministers to get pay rising, as real wages fall again
The Office for National Statistics (ONS) has published its latest Labour market overview indicating changes in employment for the United Kingdom. The UK employment rate for people aged 16 to 64 years decreased by 0.1 percentage points on the quarter to 75.5%, and is still below pre-coronavirus (COVID-19) pandemic levels. However, the number of people … Continue reading Labour market overview, UK: August 2022
A survey of thousands of individuals and small businesses shows how well banks are looking after their customers as people face the rising cost of living. The latest independent results ranking the service quality of personal and business current account providers in Great Britain and Northern Ireland are available: Ipsos (personal current accounts)BVA BDRC (business … Continue reading Customer survey ranks banks amid cost of living crisis
Broadband bills could be cut for millions of low-income households under plans to encourage social tariffs. New system allows customers to give permission to broadband providers to confirm their eligibility for cheaper dealsPlans come alongside further deals secured by Cost of Living Business Tsar and former Just Eat boss, David Buttress, as part of the … Continue reading Cheaper broadband for struggling families
Ahead of the release of A-Level results on Thursday 18th August 2022, the Student Loans Company (SLC) is sharing its top tips for prospective students going through Clearing this year. It’s predicted that this year’s Clearing window will be busier than ever, due to a range of factors, including an increase in the number of … Continue reading Clearing a path to higher education
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
The government is keen to ensure that taxpayers pay the right amount of tax, and, where they are entitled to a refund, can access this easily. They are aware that some taxpayers face issues and feel misled when using agents that specialise in claiming tax refunds from HMRC. Repayment agents can provide a useful service … Continue reading Share your views about repayment agents
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 1.75%. HMRC interest rates are linked to the Bank of England base rate. As a consequence of the change in the base rate, HMRC interest rates for the late payment will increase. These changes will come into … Continue reading HMRC interest rates to be revised
The Department for Education has confirmed the Student Loan thresholds for Plan Type 1 and 2 to be operated from 6th April 2023. From 6 April 2023, the repayment threshold for pre-2012 (Plan 1) loans will rise to £22,015. The income threshold for post-2012 (Plan 2) from April 2023 will remain frozen at £27,295 as … Continue reading Student Loan Plan 1 & 2 thresholds confirmed for April 2023
As part of the August 2022 employer bulletin, HMRC has issued information on Organised Labour Fraud. Organised labour fraud is the collective name HMRC gives to three main frauds: labour fraud in constructionmini-umbrella company fraudpayroll company fraud It’s ‘organised’ because it is orchestrated and conducted by organised crime groups. It’s ‘labour fraud’ because it always … Continue reading Organised Labour Fraud
As part of the August 2022 employer bulletin, HMRC have emphasised the need for employers to notify the correct employee address on the first Full Payment Submission (FPS). Failure may result in an individual not being correctly identified, duplication, application by HMRC of a Temporary Reference Number (TRN) and the individuals record being placed into … Continue reading Using the correct employee addresses — new starters
From 19th September 2022, in response to feedback, employers’ with PAYE will be able to setup and take advantage of a new variable Direct Debit payment plan being introduced by HMRC. The service can be accessed through Pay employers’ PAYE or directly through the business tax account and the employers PAYE service. There will be … Continue reading PAYE new variable payment plan
HMRC have published their August 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE PAYE Settlement Agreements — introducing new digital version of the PSA1 Form Payment deadline and calculation reminder Employers PAYE — introduction of variable payment plan First Full Payment Submission for new starters: the importance of using the … Continue reading August 2022 HMRC Employer Bulletin
Countrywide Partners Limited has been named as a promoter of a tax avoidance scheme by HMRC. If you have been paid by them via this scheme where a part of your salary was in the form of a loan, please get in touch with HMRC now! Scheme users entered into an employment contract with Countrywide … Continue reading More tax avoidance schemes named
Eligible married couples or people in a civil partnership could reduce their tax by up to £252 a year by signing up to Marriage Allowance. At the height of the wedding season, HM Revenue and Customs (HMRC) is reminding married couples and people in civil partnerships to put extra cash at the top of their … Continue reading Couples urged to ‘say yes’ to Marriage Allowance proposal
Collective Defined Contribution pension schemes, or CDCs for short, will offer an alternative to the UK’s two primary pension scheme models, Defined Contribution (DC) and Defined Benefit (DB). CDCs have the potential to provide improved retirement returns for savers, with more predictable costs for employers. Both employers and employees contribute to a collective fund from … Continue reading New pension scheme type launched
Government determined to build future legacy on the back of England’s success and increase participation for women and girlsComes as part of Government’s £230 million investment to build or improve 8,000 grassroots football and multi-sport facilities by 2025 Following the Lionesses’ success at UEFA Women’s EURO 2022, the Culture Secretary has announced that grassroots facilities … Continue reading Grassroots football facilities to be named in honour of Lionesses class of Euros 2022
A new register being launched today will help root out corrupt elites using UK property to launder their illicit wealth. New register to flush out corrupt elites laundering money through UK property goes live todayoverseas entities that refuse to reveal the true owner of their property will face sale restrictions and could receive tough fines … Continue reading New register to crack down on dirty money and corrupt elites in UK goes live
Directors disqualified under new powers to tackle directors from dissolving companies and walking away without paying their debts. The four directors were disqualified after they all secured bounce back loans before dissolving their companies to avoid paying their liabilities back. In the most recent case, Sirfraz Ahmad, from Leeds, was disqualified for 10 years after … Continue reading Directors banned for abusing dissolution process