Articles and information in relation to UK Payroll for business, employers and employees.
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
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.
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
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
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
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
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 bank holiday substitute for Christmas Day and Monday 2nd January 2023 the official substitute as New Years is a Sunday. Do Bank holidays have to … Continue reading Christmas 2022 and New Year 2023 – when are the Bank Holidays and what about paying early?
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
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
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
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
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
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
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
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
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
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
The government on Friday 14th October 2022, announced (as part of the PM pres conference) that Corporation Tax will increase to 25% from April 2023 as already legislated for, raising around £18 billion a year and acting as a down payment on its full Medium-Term Fiscal Plan. The Prime Minister has set out that the … Continue reading U-Turn on Corporation Tax
Taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 are being directly refunded by HMRC. HMRC found that up to 60,000 taxpayers who used the repayment agent Tax Credits Ltd signed up through a new online process. The company introduced the process in December 2021 and following an investigation, … Continue reading HMRC refunding Tax Credits Ltd clients
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
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
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
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
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
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)
£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
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 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
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
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
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 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
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
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 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
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