We’re changing the way the Minimum Wage is set so it keeps in line with the cost of living. What … Continue reading Minimum Wage changes
Minimum Wage changes
Month: July 2024
Nat West public share sale pulled
As part of the Chancellor Rachel Reeves speech to the House of Commons on Monday 29th July 2024, she announced … Continue reading Nat West public share sale pulled
Labour Government cut winter fuel payments
As part of the difficult choices due to a £22bn hole in the UK accounts, the new Labour Government have … Continue reading Labour Government cut winter fuel payments
Budget set for 30th October 2024
As part of Chancellors statement on public spending inheritance, Rachel Reeves announced the Autumn budget date. I am announcing today … Continue reading Budget set for 30th October 2024
Drivers still paying too much for road fuel
The Competition and Markets Authority (CMA) has published 26th July 2024 an update on the widespread action it is taking to … Continue reading Drivers still paying too much for road fuel
Young aviators encouraged to Reach for the Sky in skills and outreach programme
Giving young people from under-represented groups the opportunity to pursue a career in aviation. Aviation Minister rallies industry to get … Continue reading Young aviators encouraged to Reach for the Sky in skills and outreach programme
Blizzard added to the tax avoidance promoters list
HMRC have added Blizzard Pay Ltd (BPL) to their named list of tax avoidance scheme promoters. So how did Blizzard … Continue reading Blizzard added to the tax avoidance promoters list
Tackling COVID loan abuse
Work to tackle Covid loan abuse revealed in Insolvency Service’s Annual Report and Accounts More than 830 directors banned following … Continue reading Tackling COVID loan abuse
Minimum wage and the Payroll Savings scheme dilemma!
Lees of Scotland are another retailer caught out by the complex National Minimum Wage regulations and their efforts to help … Continue reading Minimum wage and the Payroll Savings scheme dilemma!
More names added to the tax avoidance list!
HM Revenue and Customs (HMRC) have increased the number of named tax avoidance schemes, promoters, enablers and suppliers, update 18th … Continue reading More names added to the tax avoidance list!
People who lost jobs in business failures thrown vital lifeline by Insolvency Service
The Insolvency Service’s Redundancy Payments Service processed more than 85,000 claims from former employees of companies which had become insolvent … Continue reading People who lost jobs in business failures thrown vital lifeline by Insolvency Service
Dismissal and re-engagement: code of practice
The practice of dismissing and re-engaging employees – sometimes referred to as fire and rehire – as a means of … Continue reading Dismissal and re-engagement: code of practice
Pensions Big Bang
Landmark pensions review part of Government’s mission to ‘boost growth and make every part of Britain better off’. Chancellor … Continue reading Pensions Big Bang
Skills England for opportunities and growth
New body launched to bring together key partners to meet the skills needs of the next decade across all regions. … Continue reading Skills England for opportunities and growth
Minimum Wage Revolution – is it about to happen?
As part of the new Labour governments proposed 40 bills which formed part of the Kings Speech delivered on Wednesday … Continue reading Minimum Wage Revolution – is it about to happen?
Workplace nursery – really!
Clarifying the workplace nursery partnership requirement rules at section 318 ITEPA As part of the July 2024 agent update 121, … Continue reading Workplace nursery – really!
Employment Rights Bill
As part of the Kings Speech delivered on Wednesday 17th July 2924, the Starmer Labour government set out its intention … Continue reading Employment Rights Bill
Our government of service
Prime Minister Keir Starmer lays out his plans to deliver change for the country. On Wednesday 17th July 2024 along … Continue reading Our government of service
Employing seasonal or temporary staff – don’t forget pensions
The Pension Regulator (TPR) is reminding employers who recruit summer or other types seasonal workers of their legal duties for … Continue reading Employing seasonal or temporary staff – don’t forget pensions
Kings Speech – employment rights and pensions
Amongst a long list of 40 government proposed bills (more even than Tony Blair’s government) as part of the Kings … Continue reading Kings Speech – employment rights and pensions
Basis period reform – tax year reporting
https://youtu.be/4hfxyyYYjDE As part of the July 2024, the HMRC have provided confirmation and details on the change of accounting year … Continue reading Basis period reform – tax year reporting
Young Brits warned of dangers of modern slavery abroad
Young people travelling to popular holiday destinations to work in bars and clubs have been given advice on the dangers … Continue reading Young Brits warned of dangers of modern slavery abroad
Deadline missed for employee share schemes?
HMRC have issued information on employment related securities as part of the July 2024 employer bulletin. Employment Related Securities (ERS) … Continue reading Deadline missed for employee share schemes?
What is the Kings speech and when?
The King’s Speech is written by the government and delivered by the Monarch at the State Opening of Parliament. It … Continue reading What is the Kings speech and when?
Warning for employment agencies using umbrella companies – Spotlight 64
As part of the July 2024 Employer Bulletin, HMRC are highlighting their spotlight 64 information on rogue umbrella organisations and … Continue reading Warning for employment agencies using umbrella companies – Spotlight 64
Self Assessment threshold
As part of the information published in the July 2024 Employer Bulletin, adjustment to the Self Assessment filing thresholds have … Continue reading Self Assessment threshold
Pubs to stay open late as England bid to bring football home
Pub and bar licensing hours will be extended on Sunday after England reach the final of the UEFA European Football … Continue reading Pubs to stay open late as England bid to bring football home
GPA – UK Payroll – Tax Planning and Tax Avoidance Measures Becoming Prevalent
PAYadvice author Simon Parsons is a contributor to the new GPA magazine 04:05 Global Payroll, in this months edition he … Continue reading GPA – UK Payroll – Tax Planning and Tax Avoidance Measures Becoming Prevalent
RTI FPS reporting salary advances relaxation
Do you operate salary advance schemes for your employees either directly or through an Earned Wage Access provider? As part … Continue reading RTI FPS reporting salary advances relaxation
Payroll giving – supporting charities
With statistics showing a drop in generosity through payroll giving over the past few challenging years, the HMRC are reminding … Continue reading Payroll giving – supporting charities
Back to Work Plan to drive economic growth
Pensions Secretary Liz Kendall, on Thursday 11th July 2024, confirmed the Government’s commitments to its manifesto ‘Back to Work Plan’, … Continue reading Back to Work Plan to drive economic growth
New Pension Minister – Emma Reynolds MP
Emma Reynolds has been appointed as Parliamentary Secretary at HM Treasury and the Department of Work and Pensions on 9th … Continue reading New Pension Minister – Emma Reynolds MP
New government – First steps for change
The following has been issued by the Primeminister office: We’ll make an immediate impact on people’s lives with our six … Continue reading New government – First steps for change
RTI and off-payroll working (IR35) reminder
HMRC have reminded employers as part of the July 2024 employer bulletin, the Real Time Information (RTI) setting required and … Continue reading RTI and off-payroll working (IR35) reminder
Football agent fees and dual representation contracts
HMRC published Guidelines for Compliance (GfC) — Help with football agents’ fees and dual representation contracts back in May 2024. The … Continue reading Football agent fees and dual representation contracts
HMRC stop issuing automated refund cheques
As part of the July 2024 Employer bulletin, HMRC have confirmed that the automated issuing of refund cheques to tax … Continue reading HMRC stop issuing automated refund cheques
July 2024 Employer bulletin
HMRC have issued the July 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, … Continue reading July 2024 Employer bulletin
6,500 new teachers
The Education Secretary 8th July 2024, begun work delivering the government’s pledge to recruit 6,500 new teachers. Bridget Phillipson embarks … Continue reading 6,500 new teachers
Chancellor Rachel Reeves first speech
taking immediate action to fix the foundations of our economy Delivered Monday 8th July 2024 at HM Treasurd. Good morning. … Continue reading Chancellor Rachel Reeves first speech
New HMRC guidance for MPs
So with a new change of government, we see a whole group of new government ministers and welcome many new … Continue reading New HMRC guidance for MPs
End of Tax Year Adjustments – EYU bill no more
Earlier Year Updates (EYU) were introduced in April 2014 to be used by employers to correct employee reported data for … Continue reading End of Tax Year Adjustments – EYU bill no more
Rachel Reeves – Chancellor of the Exchequer
Following the General Election result and the new formation of a Labour government, Rachel Jane Reeves has been appointed as Chancellor … Continue reading Rachel Reeves – Chancellor of the Exchequer
Labour win – payroll and HR impacts
With the Labour party winning with a significant majority and forming a new UK government, changes to employment and payroll … Continue reading Labour win – payroll and HR impacts