Articles and information in relation to UK Payroll for business, employers and employees.
Software developers have been contacted on Tuesday 28th January 2025 to inform them that Employers will no longer be required to provide more detailed employee hours data through Pay As You Earn (PAYE) Real Time Information (RTI) returns from April 2026 as previously proposed. The government says it has listened to feedback and acknowledges the … Continue reading RTI Hours reporting 2026 proposal withdrawn
HM Revenue and Customs have issued a notification to software developers on Tuesday 28th January 2025 of an increase compensation payment for statutory payments. Apparently HM Treasury had recently consulted on an area of Statutory Payment policy which will impact payroll software. Who they consulted with is not clear and any consideration of developer needs … Continue reading Statutory payment small employer compensation increase to 8.5%
The government has commissioned a new independent review of the Loan Charge. At Autumn Budget 2024, the government committed to an independent review of the Loan Charge to help bring the matter to a close for those affected whilst ensuring fairness for all taxpayers. On 23rd January 2025, the Exchequer Secretary to the Treasury made … Continue reading Loan Charge Review
The HM Revenue and Customs (HMRC) have published on 20th January 2025 the 'Specification for PAYE tax table routines' updated to version 23.0 (January 2025). This confirms the parameters and sets out the guidance and calculation rules for payroll software developers in relation to the calculation of Income Tax. Within payroll. Payroll technical specifications: Income … Continue reading Payroll Technical Specification – Income Tax
Monday 20th January 2021, the government has laid regulations to implement Neonatal Care Leave and Pay. Subject to parliamentary approval, the regulations will come into force on 6th April 2025. The regulations implement the main provisions of the new entitlement. Specifically: The Neonatal Care Leave and Miscellaneous Amendments Regulations implement a new entitlement for employed parents … Continue reading Regulations for Neonatal Care Leave and Pay laid
The Isle of Man Tynwald (Parliament) is being asked to approve increases to the Isle of Man’s Minimum Wage at the February 2025 sitting which, if approved, will see the rate achieve parity with the current Living Wage of £13.05 during 2025. The new rates, proposed by both the Department for Enterprise and Treasury, will … Continue reading Isle of Man minimum wage change proposals 2025
The following was announced on Tuesday 21st January 2025: Automatic enrolment (AE) into workplace pensions has transformed workplace pension saving for millions of workers. The Government is committed to looking at long-term steps we can take to further improve pension outcomes. I have completed this year’s annual statutory review of the thresholds within Automatic Enrolment. … Continue reading Automatic Enrolment: the Earnings Trigger and Qualifying Earnings Band Review 2025/2026
The minimum wage rate that apply across the whole of the United Kingdom have risen significantly over these past few years with, the age range of the highest rates is steadily moving to start at age 18 years. 1st April 2025 see the latest rise announced by the Labour government at the Autumn Budget. The … Continue reading Make your views heard on the future of the minimum wage
Torsten Bell MP has been appointed Parliamentary Secretary in HM Treasury and Parliamentary Under Secretary of State in the Department for Work and Pensions on 14th January 2025 replacing Emma Reynolds, who was promoted following the resignation of Tulip Siddiq. He is the Labour MP for Swansea West, and elected as an MP on 4th July 2024. He … Continue reading Torsten Bell appointed Minister for Pensions
Thousands filed their Self Assessment on New Year's Day and HMRC urges those still to complete their tax return, to do it now. Around 25,000 taxpayers ‘celebrated’ the New Year by filing their Self Assessment tax return. If they miss the 31st January 2025 deadline, they could face a penalty. With weeks to go, the … Continue reading Millions yet to file their tax return
take these simple steps to ensure children make the healthiest start to the New Year The UK Health Security Agency is reminding parents and carers of the simple steps they can take to ensure their children make the healthiest start to the new school term. The new year brings with it an opportunity to teach … Continue reading Parents and carers urged to help children start New Year healthy
If you have been struggling with debt for some time and need a fresh start this New Year, the Insolvency Service has sources of information and practical solutions to relieve serious financial burdens. There are many options available to help deal with serious personal debt problems and there are a range of debt-relief options available. … Continue reading Start your journey out of debt