Articles and information in relation to UK Payroll for business, employers and employees.
The Chancellor of the Exchequer presented his Spring Budget 2023 to Parliament on Wednesday 15th March 2023. For the full speech: Spring Budget 2023 speech as delivered by Chancellor Jeremy Hunt. My budget… sets out the next stage of the Government’s plan to halve inflation, grow the economy and reduce debt. Building on the stability … Continue reading Spring Budget 2023
HM Revenue and Customs has, as part of the February 2023 Employer Bulletin, confirmed a concession on PAYE responsibilities for pay advances. Where there are arrangements between an employer and an employee, allowing employees access to some of their earned wages or salary before the normal pay day, or make similar arrangements through a third … Continue reading HMRC revise reporting obligations on pay advances
The Department for Work and Pensions (DWP) has announced the appointment of Sara Weller CBE as the new permanent Chair of the Money and Pensions Service (MaPS). Sara Weller CBE Sara has been serving as a non-executive board member since September 2022 and will formally take up the role of permanent Chair on 29 March … Continue reading New Chair of the Money and Pensions Service
Families looking for childcare places during February half term could be missing out on a government top-up to help pay their childcare bill. As the February half term draws closer, families are being reminded that they can save up to £2,000 a year on childcare costs with Tax-Free Childcare. More than 401,300 families used the … Continue reading Boost your childcare budget this half term
In his speech Friday 27th January 2023, Chancellor Jeremy Hunt set out his vision for long-term prosperity in the UK. Good Morning Thank you for that welcome, thank you all for joining us at Bloomberg. From the way we communicate and collaborate, to the way we buy and sell goods and services, digital technology has … Continue reading Chancellor Jeremy Hunt’s speech at Bloomberg
Financial package to help students with living costs and a further freeze on tuition fees. Students in need are to benefit from additional financial support designed to ease cost of living pressures and help them to meet everyday costs whilst they are completing their studies. In recognition of the challenges some students have faced due … Continue reading Cost of living boost for students
millions across England can travel by bus for £2 due to a £60 million government fund to bring down the cost of single tickets until 31st March 2023 passengers can save almost a third off tickets on average to help with the cost of living, with savings of more than 75% on some of the … Continue reading Take the bus – Get around for £2
Prime Minister Rishi Sunak's plan to build an innovative economy delivering more jobs and higher pay. In the short time I have been Prime Minister, we have made progress: We’ve protected the most vulnerable and lowest paid with cost-of-living support worth £26 billion. Stabilised the economy and people’s mortgage rates. A better future is one … Continue reading Plan to build an innovative economy
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
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
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
Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor set out the government’s plan to put public spending on a sustainable footing and get debt falling, while protecting vital public services and prioritising the needs of the most vulnerable. Full details are set out … Continue reading Autumn Statement 2022
The government states it is committed to ending low pay. From 1st April 2023, the National Living Wage (NLW) will increase by 9.7% to £10.42 an hour for workers aged 23 and over - the largest ever cash increase for the NLW. This represents an increase of over £1,600 to the annual earnings of a … Continue reading National Minimum and Living Wage rise for April 2023
Government toughen inspection of failing landlords and improve support for residents in supported housing. Rogue landlords who exploit the supported housing system at the expense of vulnerable residents could be banned from operating or fined up to £30,000 as enforcement is stepped up across the country. A £20 million government fund will support councils to … Continue reading Time’s up for rogue landlords
The government is extending the deadline for claims as over 99% of households receive the payment. 99% of eligible households have received £150 council tax rebate The government is extending the deadline for councils to ensure as many eligible households as possible receive the payment Council tax rebate forms part of £37 billion package rolled … Continue reading 19 million plus households have received council tax rebates
Around 20,000 people facing debt difficulties will be invited to receive free early-stage legal advice through a new pilot launched by the government 31st October 2022. Free early legal advice for thousands facing debt, housing and welfare benefit difficulties Legal advice to help stop people falling into further debt and having to appear in court … Continue reading Free legal advice pilot helping people facing financial difficulties
Tax credits only customers will receive their second Cost of Living payment from 23rd November 2022. More than one million claimant families receiving tax credits, and no other means-tested benefits, will get their second Cost of Living Payment from Wednesday 23rd November 2022, HM Revenue and Customs (HMRC) has confirmed. This £324 government payment will … Continue reading Families claiming tax credits to receive second Cost of Living Payment from 23rd November 2022
Speech to the House of Commons as delivered by Chancellor Jeremy Hunt. Mr Speaker, The central responsibility of any government is to do what is necessary for economic stability. Behind the decisions we take and the issues on which we vote are jobs families depend on, mortgages that have to be paid, savings for pensioners, … Continue reading Chancellor Statement – 17th October 2022
The Chancellor of The Exchequer Jeremy Hunt has, Monday 17th October 2022, brought forward a number of measures from 31st October 2022 Medium-Term Fiscal Plan. Changes designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline Basic rate of income tax to remain at 20% until economic conditions … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures
King Charles III has been pleased to approve the following appointments: Rt Hon Jeremy Hunt MP as Chancellor of the Exchequer Rt Hon Edward Argar MP as Chief Secretary to the Treasury Chancellor of the Exchequer - The Rt Hon Jeremy Hunt MP Appointed Chancellor of the Exchequer on Friday 14th October 2022 after Kwasi … Continue reading New Chancellor and Secretary to the Treasury appointed
Friday 14th October 2022 saw one of the shortest service Chancellor of the Exchequer as Kwasi Kwarteng stands aside at the request of the prime minister Liz Truss. Following the Growth Plan 2022 announcements in cuts to both income tax and Corporation tax, the value of government gilts has been under significant market pressure along … Continue reading Chancellor accepts request to stand aside
Teenagers could have an average of £2,100 in their Child Trust Fund savings account waiting to be claimed. HM Revenue and Customs (HMRC) are reminding Tens of thousands of teenagers who have not yet claimed their matured Child Trust Funds savings could have thousands of pounds waiting for them. Child Trust Funds are long-term savings … Continue reading Teenagers missing out on a stash of cash
The £324 Cost of Living Payment, which follows on from a £326 payment made from July, is part of £1,200 support package for millions this year The £150 Disability Cost of Living Payment was provided in September, with a £300 additional pensioner payment to come in the Winter Millions of households across the UK will … Continue reading Over eight million households to receive second Cost of Living Payment from 8th November 2022
The Chancellor confirmed an update to plans for the Additional Rate tax on the morning of 3rd October 2022. “From supporting British business to lowering the tax burden for the lowest paid, our Growth Plan sets out a new approach to build a more prosperous economy. However, it is clear that the abolition of the … Continue reading Additional Rate tax update
The following has been provided by the HMRC Software Developer Support Team (SDST):- Dear Developer, On 22 September the Government announced changes to National Insurance contributions (NICs) rates and the Health and Social Care Levy (HSCL). Please note that this update is subject to Parliamentary approval. Key measures the Government announcement impacting payroll software developers … Continue reading Payroll 2022-23: November changes to NICs
Six million people who are paid certain disability benefits will begin to receive a one-off payment of £150 from Tuesday 20th September 2020 Payments are part of the government’s wider £37 billion support package, including the Energy Price Guarantee and cost of living payments totalling £650 Those who had confirmed payment of their disability benefit … Continue reading £150 Disability Cost of Living Payments begin
Chancellor of the Exchequer - The Rt Hon Kwasi Kwarteng MP It is increasingly looking as if the government will hold a mini emergency budget later this week probably on Friday 23rd September before the parliamentary recess. This will be there first for the Liz Truss government and the first for the new Chancellor. What … Continue reading Who is Kwasi Kwarteng?
Following the state funeral on Monday 19th September 2022, the government are expected to hold a fiscal event or mini -budget to move forward with plans to assist with the cost of living crisis. Increasing indication are that this will take place on Friday 23rd September 2022. There are some likely areas of payroll impact … Continue reading Mini-budget imminent
HMRC’s Income Tax Policy Team has indicated that over the last 6 months, both HMRC & HM Treasury have received a large number of queries relating to Approved Mileage Allowance Payments (AMAPs), which may be paid to employees free of tax and NI for any business miles travel they do in their own vehicle (not … Continue reading Approved Mileage Allowance Payments error
The Living Wage Foundation has brought forward the announcement of the new Living Wage Rates (and London Living Wage rate from its tradition November announcement point at the beginning of the Living Wage week, to the earlier date of 22nd September 2022 as part of an initiative to support employees with the cost of living … Continue reading Uprated real Living Wage rate imminent
Around 90% of eligible households have received the government’s £150 council tax rebate to help with the cost of living. Around 9 out of 10 of eligible households have received £150 cost of living rebate Anyone yet to receive the rebate can make a claim to local authority Rebate part of £37 billion of government … Continue reading Over 16 million households receive cost of living council tax rebate
With the resignation of Boris Johnson and the ongoing election of a new Prime Minister with announcements to be made Monday 5th September 2022, will payroll see it’s third change to National Insurance in one year? With candidates vying for election, promises of changes are frequent and sometimes a little reactionary. With the cost of … Continue reading Preparing for the 3rd National Insurance payroll change!
Under the proposals being consulted on, a cap on social housing rent increases would be put in place for the coming financial year, with options at 3%, 5% and 7% being considered. Social rent cap proposed to support tenants with cost of livingMove could save households £300 per year and provide financial stability for 4 … Continue reading Rent cap on social housing to protect millions of tenants from rising cost of living
Commenting on the labour market figures published by the ONS, which show real wages falling by 4.1 per cent (on CPI measure) as the cost of living crisis intensifies, TUC General Secretary Frances O’Grady said: “Everyone who works deserves financial security. “But with the Bank of England predicting the worst decline in real pay for … Continue reading TUC calls on ministers to get pay rising, as real wages fall again
A survey of thousands of individuals and small businesses shows how well banks are looking after their customers as people face the rising cost of living. The latest independent results ranking the service quality of personal and business current account providers in Great Britain and Northern Ireland are available: Ipsos (personal current accounts)BVA BDRC (business … Continue reading Customer survey ranks banks amid cost of living crisis
Broadband bills could be cut for millions of low-income households under plans to encourage social tariffs. New system allows customers to give permission to broadband providers to confirm their eligibility for cheaper dealsPlans come alongside further deals secured by Cost of Living Business Tsar and former Just Eat boss, David Buttress, as part of the … Continue reading Cheaper broadband for struggling families
The UK government sets out further details of the Energy Bills Support Scheme. Households to start receiving £400 off their energy bills from October 2022, with the discount made in 6 instalments to help families throughout the winter periodgovernment confirms important details of the Energy Bills Support Scheme, which will provide energy bill discounts to … Continue reading £400 energy bills discount this winter
Teachers are to benefit from pay increases of between 5% and 8.9% from September 2022, as the government has accepted pay recommendations from the independent School Teachers’ Review Body for the next academic year. The starting salary for teachers outside London will rise by 8.9%, with salaries reaching £28,000 in the 2022/23 academic year. This … Continue reading Rises to teachers’ salaries
Low earners who save through a Net Pay Arrangement (NPA) pension will get the same level of government top-up as those who use Relief at Source schemes Around 1.2 million low earners will receive top-ups to their take-home pay from 2025 which could be worth hundreds of pounds a year. For NPAs, pension contributions are … Continue reading 1.2 million low earners to see boost in take-home pay
More than 33,600 have successfully used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last year. Tax credits are there to help working families with targeted financial support, so And it is important that claimants act to renew before the 31st July 2022 deadline to ensure … Continue reading More than 33,600 tax credits customers use HMRC app to renew
Almost one in four families across England, Wales, Scotland and Northern Ireland will get £326 sent directly to them, with the second instalment of £324 sent later this year as part of a £37 billion support package. £326 – the first of two cost of living payments – will automatically hit seven million bank accounts … Continue reading One in four families get first government Cost of Living Payment