New Royal Cypher for King Charles III

The first letters have been franked with the new cypher of The King in the Court Post Office at Buckingham Palace 27th September 2022. The cypher is the Monarch’s monogram, consisting of the initial of their name combined with an ‘R’ for Rex (Latin for King) or Regina (Latin for Queen). The first franking stamp … Continue reading New Royal Cypher for King Charles III

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

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

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. To allow people to keep more of their money, the Basic Rate of Income Tax will now … 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

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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