Articles and information in relation to UK Payroll for business, employers and employees.
HM Revenue and Customs (HMRC) have named a further three tax avoidance promoters. They have added to their naming list: Bluemoore Associates Ltd, Resource Hubco Ltd, and PAYE services Ltd as tax avoidance schemes. They urge anyone using these umbrella companies to get help to exit. Bluemoore Associates Ltd (BAL). The users sign a contract … Continue reading Three more tax avoidance umbrellas named
As part of one of the Prime Minister’s five key priorities to grow the economy, low-earning parents on Universal Credit are set to benefit from up to a £522 monthly boost to cover childcare costs – making it easier for them to get back to work or increase their hours. Universal Credit childcare payments rise … Continue reading Working parents to benefit from childcare boost worth up to £1,630 per month
Funding to raise the profile of logistics in schools and colleges will encourage talented young people to pursue a career in the sector. government and industry effort to encourage retention and recruitment of younger people into the logistics sector second year of funding for Generation Logistics campaign aims to deliver supply chain resilience and grow … Continue reading Boost for logistics sector to increase recruitment
What is the Living Wage? The real Living Wage is the only UK wage rate based on the cost of living. It is voluntarily paid by over 12,500 UK businesses who believe their staff deserve a wage which meets everyday needs - like the weekly shop, or a surprise trip to the dentist. What is … Continue reading Are you a ‘Living Wage Employer’?
An increasing number of homeowners will be worried about rising interest rates & the impact on mortgages. Chancellor Jeremy Hunt met mortgage lenders to agree a package of commitments to support households through thdifficult time. the Chancellor met the UK's principal mortgage lenders and the Financial Conduct Authority (FCA) to agree support for people struggling … Continue reading Support measures for mortgage holders
Following the June 2023 publication by the Department of Business and Trade of the 202 shamed UK employers who failed to pay the minimum required by law to their employees and workers, PAYadvice.UK are please to publish its Minimum Pay resources “Whilst not all minimum wage underpayments are intentional, there is no excuse for underpaying … Continue reading PAYadvice.UK publishes Minimum pay resources
In the shaming list of 202 employers who had failed to pay minimum wage to their employees and workers, 79 (39%) breached Minimum pay requirements due to deductions from wages. HMRC published as part of the former round 16 shaming list the main reasons why failures are occurring due to these deductions and payments. Deductions … Continue reading 79 of the 202 shamed employers breached minimum pay due to wage deductions
In the shaming list of 202 employers who had failed to pay minimum wage to their employees and workers, 42 (21%) failed with regards to their lowest paid group of apprentices. HMRC published as part of round 17 shaming list the main reasons why failures are occurring with apprentices. Just because an employer may badge … Continue reading 42 of 202 shamed employers breached minimum wage for apprentices!
The estimated tax gap for the 2021 to 2022 tax year is at an all-time low of 4.8%. The amount of unpaid UK tax has remained at an all-time low of 4.8%, HM Revenue and Customs (HMRC) revealed. The annual Measuring Tax Gaps publication estimates the difference between the total amount of tax expected to … Continue reading Tax gap remains at 4.8%
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 5%. The Bank of England Monetary Policy Committee announced on 22nd June 2023 an increase to the Bank of England base rate to 5% from 4.5%. HMRC interest rates are linked to the Bank of England base … Continue reading HMRC late payment interest charge rises
78 of the 202 shamed employers breached minimum pay due to unpaid working time An increasing number of employers are being caught and shamed for not ensuring that the average of relevant minimum pay rate in a pay reference period are paid across all working time. 202 Employers shamed for underpaying minimum wage Unpaid working … Continue reading Unpaid working time may take pay below the minimum wage
202 businesses have been named by DBT for failing to pay the minimum wage to lowest paid workers. These employers ordered to repay workers and face penalties of nearly £7 million after breaches left 63,000 workers out of pocket. Follows on from the 9.7% increase in National Living Wage and Minimum Wage on 1st April … Continue reading 202 Employers shamed for underpaying minimum wage
For students starting university in England this coming 2023 academic year, a new undergraduate and postgraduate student loan plan type 5 is introduced. We already have: Repayment plan 1 - If the course was started before 1st September 2012 (England and Wales); and also for loans in Northern Ireland Repayment plan 2 - If the … Continue reading New Student Loan Plan 5 is on its way – payroll deduction start April 2026
Everyone aged 60 and over will continue to receive free prescriptions Prescriptions will continue to be free for anyone aged 60 or older Decision follows consultation on the upper age limit at which prescriptions are paid for Free prescriptions remain available for those most in need Everyone aged 60 and over will continue to receive … Continue reading Free prescription age frozen at 60
Parliament has approved new powers to stop child maintenance economic abuse New law will allow Child Maintenance Service to intervene in payments More financial protection for children in separated families The new law will allow the Child Maintenance Service (CMS) to intervene on behalf of parents where abuse is evident, using its powers to collect … Continue reading New child maintenance powers to protect victims from domestic abusers
The Home Office deployed over 300 immigration officers on over 150 enforcement visits in one day to crack down on illegal working across the UK. The Home Office confirms that it conducted a record number of visits targeting illegal working in one day, as part of a nationwide operation. During the operation, which took place … Continue reading Over 100 illegal workers arrested
National Insurance numbers can now be saved to the Apple Wallet Individuals with an Apple iPhone can now store their National Insurance number in their Apple Wallet either online or through the HMRC App. Your employees may provide their proof of National Insurance number using their Apple Wallet rather than through the HMRC National Insurance … Continue reading National Insurance Number – Apple Wallet
Introduction HMRC have issued the June 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, payroll professionals and agents. In this month’s edition there are important updates and information on: PAYE paying employers’ PAYE reporting of expenses and benefits — correct recording of diesel company cars P11D … Continue reading Employer Bulletin – June 2023
The latest UK labour market figures from the Office for National Statistics show the number of people on company payrolls is at a record high of over 30 million. The labour market figures show - an increase in the employment rate to 76.0% - a decrease in the unemployment rate this month to 3.8% Minister … Continue reading Over 30 million on UK payroll
Do you have a Tax credit - don’t forget to renew before the 31st July 2023 deadline. According to HMRC, the quickest and easiest way to renew via the free to use HMRC app or online - and no need to call HMRC or use a third party agent. 📱 The HMRC app is available … Continue reading Renew your tax credit
Minister for Pensions Laura Trott is today calling on pensioners to check if they are eligible for Pension Credit ahead of the launch of a new “Invitation to Claim” trial. DWP joins forces with charities and broadcasters to encourage pensioners to check their eligibility and apply for Pension Credit. Nearly 1.4 million pensioners in Britain receive … Continue reading Check eligibility for Pension Credit as Week of Action kicks off
More time is given to pay National Insurance contributions towards State Pension. Taxpayers now have until 5th April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension - an extension of nearly 2 years. Extending the voluntary National Insurance contributions deadline until 2025 means that people … Continue reading Deadline for voluntary National Insurance contributions extended to April 2025
HMRC is writing to UK residents named in the leaked Pandora Papers to give them the chance to correct their tax affairs. UK residents who were named in the leaked Pandora Papers are being given the chance to correct their tax affairs. HM Revenue and Customs (HMRC) is writing to UK residents named in the … Continue reading HMRC gives offshore holders chance to come clean
The Chancellor of the Exchequer has appointed Alexander Boris de Pfeffel Johnson to be Steward and Bailiff of the Three Hundreds of Chiltern on Monday 12th June 2023. Why? Under a Resolution from 2nd March 1624, Members of Parliament cannot directly resign their seat. Serving in Parliament was regarded as an obligation to be accepted … Continue reading Three hundreds of Chiltern – Boris Johnson
Schemes offering people shares in their employer are set for a shake up as the government explores changes that will help boost business growth Simplified schemes offering people shares in their employer set to support business growth Figures show 81% of scheme users confirming they have helped retain staff and boosted business Changes aimed to … Continue reading Employee share scheme shake up
Following the call for evidence in the umbrella company market with over 400 responses., the government have published the Summary of Responses document. The Call for Evidence was originally published in November 2021 and closed on 22nd February 2022. It asked for views and evidence to understand the reasons businesses and individuals use umbrella companies … Continue reading Regulating Umbrellas
Universal Credit’s maximum childcare payments will rise nearly 50% – up to £1,630 per month – from 28th June 2023. Additional support worth up to £522 a month for families Many parents will get help from DWP immediately with their first bill – instead of in arrears – to help them manage their budgets Comes alongside plans … Continue reading Massive boost for childcare