Articles and information in relation to UK Payroll for business, employers and employees.
Another nine dodgy tax avoidance promoter schemes have been named by HM Revenue and Customs (8th August 2024 and 22nd August 2024). A similar pattern of pay close to National Minimum Wage and National Living Wage are made with the application of tax and National Insurance with a further disguised payment made without correct deductions … Continue reading More umbrella tax avoidance schemes named
New TUC research found 46 jobs online on a single day in July 2024 advertising pay below the National Living Wage! Many are office jobs targeted at graduates and experienced workers with advertised salaries below £20,820 (the annualised minimum wage) The new Fair Work Agency must lead to a step change in enforcement to stop … Continue reading Online jobs adverts with below National Living Wage pay!
Some employees can save money via SAYE (Save As You Earn) to purchase discounted shares in their employer. SAYE schemes generally operate on a saving basis regular deductions via pay into a savings scheme via an approved organisation for the period of 3 or 5 years. on maturity the employee can either cash the saving … Continue reading SAYE bonus rate change – 16th August 2024
The HMRC Software Developers Support Team (SDST) have issued an update on the RTI changes for April 2025. The following is a brief summary based on the information issued: Statutory Neonatal Care Pay (SNCP) As indicated on 3rd June 2024, to support SNCP there will be one new data item in the Full Payment Submission … Continue reading April 2025 RTI changes latest
HMRC have issued further policy information on the new Statutory Neonatal Care Pay and Leave (SNCP&L, SNCL and SNCP). These new rights apply from 6th April 2025 where a baby needs neonatal care within the 28 days from their birth. The leave and pay entitlements are in addition to any other statutory parental leave and … Continue reading Statutory Neonatal Care Pay (SNCP) and Leave – April 2025
HMRC have issued the August 2024 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 of the Employer Bulletin there are important updates and information on: PAYE employer liabilities and payments viewer — ‘Earlier Year Update’ becomes ‘end of tax year adjustment’ … Continue reading August 2024 Employer Bulletin
British workers are set for better working conditions as the Government takes its first steps towards its Plan to Make Work Pay. Businesses and workers are to get a bigger voice at the table as Government takes the next steps in its mission to Make Work Pay Deputy Prime Minister and Business Secretary host senior … Continue reading Make Work Pay first steps
Originally started in readiness for 2021, PAYadvice.UK are constructing its popular PAYadvice Series Legislation Update 2025 for payroll. We believe that PAYadvice was the first organisation in the UK to bring together the various resources needed by payroll professional and payroll software developers in preparation for the April 2021 through April 2024 changes, even to … Continue reading Legislation updates 2025 for payroll
The Department for Education on 13th August 2024 confirmed annual updates to repayment thresholds for undergraduate Income Contingent Student Loans. Income Contingent Student Loans for Plan 1 (1998-2012) undergraduate loans The repayment threshold for Plan 1 loans will rise to £26,065 from 6th April 2025 to 5th April 2026. Income Contingent Student Loans for Plan … Continue reading Student Loan Plan 1 and 2 threshold increases April 2025
The long summer wait for exam results will finally end for students in England, Wales and Northern Ireland as A-level results drop Thursday 15th August 2024. Once students receive their results and the initial excitement or disappointment has settled, important decisions will be made, which for some will involve finding a course through Clearing. Clearing is … Continue reading A – level results: Student Loan advice for clearing 2024
Chancellor Rachel Reeves calls on UK pension schemes to invest more in the UK economy and deliver better returns for savers Chancellor Rachel Reeves wants UK to learn lessons from ‘Canadian model’ ahead of meeting with major Canadian retirement funds Reeves confirms first Mansion House address will focus on financial service sector’s role in delivering … Continue reading Pension funds asked to fire up the UK economy
Large and small companies recognised for their apprenticeship programmes, creating opportunities and driving growth Public and private sector employers celebrated for boosting career opportunities as government launches Skills England 100 large employers and 50 SMEs across the country recognised for the quality of their apprenticeship programmes Over 73,000 apprenticeships were started with employers ranked in … Continue reading Top apprenticeship employers 2024
HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 5%. The Bank of England Monetary Policy Committee announced on 1st August 2024 to reduce the Bank of England base rate to 5% from 5.25%. HMRC interest rates are linked to the Bank of England base rate. As … Continue reading HMRC late payment interest revised
The Government has extended the consultation on the Child Maintenance Service (CMS) to ensure there is suitable time for feedback from external organisations. The consultation, launched 8th May 2024, is a chance to discuss ways the CMS can help to increase the number of children being kept out of poverty. DWP Lords Minister, Baroness Maeve Sherlock: This government … Continue reading Child Maintenance consultation extended