Articles and information in relation to UK Payroll for business, employers and employees.
The Scottish Minister for Public Finance, Planning and Community Wealth has written to the Economy and Fair Work Committee to outline his plans to bring forward proposals to uprate the earnings arrestment tables from 6th April 2023. These tables were last uprated in April 2022 and are normally uprated every three years. However, given the … Continue reading Scottish Earnings Arrestment change April 2023
As millions of people enjoyed Christmas festivities, for 3,275, Christmas Day was the perfect time to file their Self Assessment tax return, HM Revenue and Customs (HMRC) has revealed. A total of 22,060 customers went online to submit their form for the 2021 to 2022 tax year between 24th and 26th December 2022, and 141 … Continue reading It’s a cracker! 3,275 file tax returns on Christmas Day
Government confirms funding for holiday activities and food programme for 2023, supporting hundreds of thousands of children from low-income families. Hundreds of thousands of children across England will continue to access free, nutritious food and engaging activities over the school holidays, as the government confirms £200 million to fund the holiday activities and food programme … Continue reading Holiday activity clubs to continue in 2023
The Student Loans Company (SLC) is reminding students to be on the lookout for phishing and online scams as the next student loan payment date approaches in January. Scammers may try to trick students into giving away personal and financial information by sending fake emails and texts, or calling and pretending to be from SLC, … Continue reading Students warned to lookout for phishing and online scams.
rail fare increases for 2023 to be capped at 5.9% – 6.4 percentage points below July 2022’s RPI biggest ever government intervention will help reduce the impact of high inflation for commuters and passengers a rise is necessary to support crucial investment and the financial stability of the railway The government has acted with the … Continue reading Intervention to keep rail fares down
HM Revenue and Customs (HMRC) are advising users of the named schemes promoted by Charteris Management Ltd (CML) to withdraw from them. These schemes often targeted physiotherapists, radiographers, and nurses, and often wrongly promise avoidance of National Insurance and Income Tax. The scheme users enter into an employment contract with Charteris Management Ltd (CML), providing … Continue reading More warnings to medical staff about dirty umbrellas
Today I can inform the House that I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for 15 March 2023 to accompany a Spring Budget.Jeremy Hunt Money 19th December the government have announced that the Spring Budget will take place on 15th Match 2022. The Treasury have opened their Spring Budget … Continue reading Spring Budget 2023 – 15th March 2023
The Department for Work & Pensions have confirmed adjustments to the Christmas season related payment date adjustments. If there is a problem the DWP suggest they be contacted. Contact Jobcentre Plus PAYadvce.UK 20/12/2022
New scheme to help passengers save on bus fares launched across over 130 bus operators. millions of people across England will be able to travel by bus for £2 from 1st January 2023 to 31st March 2023, thanks to £60 million in government funding to cap single tickets people can save almost a third of … Continue reading Get Around for £2 by bus
With Christmas nearly here, HM Revenue and Customs (HMRC) is encouraging Self Assessment filers to put their tax return at the top of their to-do list. Last year more than 2,800 customers chose to file their tax return on Christmas Day. But those who get their 2021 to 2022 Self Assessment wrapped up before Christmas … Continue reading Get your Self Assessment wrapped up in time for Christmas
Last chance for businesses to access Help to Grow: Digital scheme as government announces closure of the programme Last discounts on eligible software can be applied for on 2nd February 2023 Help to Grow: Management remains in place Businesses have less than two months to apply for the Help to Grow: Digital scheme, the government … Continue reading Government to close of Help to Grow: Digital scheme
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 3.5%. The Bank of England Monetary Policy Committee voted on 15th December 2022 to increase the base rate to 3.5% from 3%. HMRC interest rates are linked to the Bank of England base rate. As a consequence … Continue reading HMRC late payment interest rates revised
The Security Industry Authority (SIA), HMRC and West Midlands Police recently carried out a joint operation in Birmingham to ensure that security staff were employed legitimately and treated fairly. Teams attended two Christmas markets plus several licensed venues in the city centre. They spoke to security operatives to check the correct taxes were being paid … Continue reading SIA leads joint operation to identify illegal working practices and tax fraud
The Scottish Budget 2023-2024 was presented to the Scottish Parliament on Thursday 15 December 2022 some 30 minutes later than originally planned whilst an initial investigation took place as the budget speech had been being leaked to the BBC. The deputy first minister confirmed that the bands would remain unchanged excepting the top of the … Continue reading Scottish Budget confirms tax proposals for April 2023
Welsh Rates of Income Tax (WRIT) The process for Wales involves the UK Government reducing each of the three income tax rates for Welsh taxpayers by 10p. The Welsh Government then decides whether to set the Welsh rates at 10p, thereby retaining parity between Welsh and English taxpayers or to set different rates. Proposed WRIT … Continue reading Welsh Income Tax April 2023
Jim Harra, HMRC Chief Executive and First Permanent Secretary, has written to the Chair of the Treasury Committee in response to questions following a recent incident which affected some of HMRC’s phone lines and online services. Throughout the incident, most of [HMRC] customer-facing online services, such as Self Assessment online filing, were unaffected and remained … Continue reading HMRC service issues – response
With the 31st January 2023 fast approaching, many UK taxpayers will need to be progressing their Self Assessment filing for the 6th April 2021 through 5th April 2022 tax year. HM Revenue and Customs indicate that more than 50,000 tax payers have used the HMRC app to make Self Assessment payments. They remind that the … Continue reading It’s the season of Self Assessment!
Sixteen organisations across England will receive share of £1.97 million from the government to support women experiencing reproductive health issues in the workplace. Funding follows successful applications to this year’s Voluntary, Community and Social Enterprise Health and Wellbeing Fund Money will help women to remain in or return to the workplace through and following pregnancy, … Continue reading £1.97 million awarded to support women in the workplace
PAYE notice of coding, also known as a P2 gives taxpayers an explanation of what their tax code is and the reason as to why they have that tax code. You receive a P2 notice of coding when your tax code changes, this can be for a number of reasons: You start to get income … Continue reading Getting your tax code right!
HMRC have published their December 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Your employees may be eligible for tax relief on their work related expenses Reduction in the rate of National Insurance contributions from 6 November 2022 — updated guidance Payrolling expenses and benefits for the 2023 to 2024 … Continue reading December 2022 Employer Bulletin
The Chancellor met with major lenders, Martin Lewis, and the FCA to discuss how lenders can support those who may encounter problems paying their mortgage Rising costs and interest rates across the economy are a cause of concern for consumers in many areas of their lives, but the government understands that mortgage borrowers may be … Continue reading Cost of living – Mortgage lenders’ commitments to borrowers
The United Kingdom’s first Freeports in Plymouth, Solent, and Teesside are now fully up and running after receiving final government approval. Teesside, Plymouth and South Devon and Solent Freeports fully operational after final government sign off Up to £25 million in seed funding from Government will be released to turbocharge development in each Freeport Freeports … Continue reading First Freeports launched
Workers to have a greater say over when, where, and how they work under new government plans to make flexible working the default. Millions of employees will receive day one right to request flexible working, empowering workers to have a greater say over when, where, and how they work businesses set to benefit from higher … Continue reading Millions to be able to request flexible working on day one of employment
HM Revenue and Customs have confirmed the decision to increase the Expenses and Benefits rates for tax year 2023/2024, effective from 6th April 2023. Van benefit and fuel benefit for cars and vans Van benefit charge and fuel benefit charges for cars and vans are to be uprated by the Consumer Price Index (with rounding) … Continue reading Tax year 2023/2024: Car and van fuel benefit charge increased
Employers may need to review their reward strategies! With the proposal of the Low Pay Commission (LPC) for a significant rise in the National Living Wage (NLW) and National Minimum Wage (NMW), low paid employees are set to see rises exceeding 9%! And the future prospect of seeing the NLW starting point drop to 21 … Continue reading Significant minimum pay rise may impact employer reward strategies
As part of the April 2023 changes to payroll, the HMRC Software Developers Support Team (SDST) has additionally confirmed the remaining student and postgraduate loans repayment thresholds. Plant Type 1 (with change) & Plan Type 2 (frozen - no change) had previously been confirmed. Additionally the threshold the threshold for Plan Type 4 for Scotland … Continue reading Student Loan Thresholds Confirmed for April 2023
Following the government Autumn Statement on 17th November 2023 and the indication that benefits would rise by 10.1%, the Statutory Sick Pay (SSP) weekly rate is to increased by 10.127% from £99.35 to the higher weekly amount of £109.40. The new rate will s applicable to relevant qualifying sickness days from 6th April 2023. The … Continue reading Statutory Sick Pay increases from April 2023 to £109.40