Reversal of National Insurance Increase takes effect

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From today , 6 November 2022, the 1.25% point cut to National Insurance rates for employees and employers takes effect across the UK. The reversal of April’s rise in National Insurance takes effect across the UK from today Added to July’s increase in National Insurance thresholds, almost 30 million people will be £500 better off … Continue reading Reversal of National Insurance Increase takes effect

October 2022 HMRC Employer Bulletin

HMRC have published their October 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Reduction in the rate of National Insurance contributions and reversal of the Health and Social Care Levy — employer actions Making your PAYE Settlement Agreement payment Guidelines for Compliance — help with PAYE Settlement Agreement calculations Electronic … Continue reading October 2022 HMRC Employer Bulletin

Chancellor brings forward further Medium-Term Fiscal Plan measures

Dear PAYadvice, Please share the following message sent on behalf of the HMRC External Affairs Team.  Earlier today the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, brought forward a number of measures from 31 October’s Medium-Term Fiscal Plan. The measures are designed to ensure the UK’s economic stability and provide confidence in the government’s … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures

Chancellor brings forward further Medium-Term Fiscal Plan measures

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

Chancellor accepts request to stand aside

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

November 2022 NI change – Drop the message

To ensure taxpayers understood their increased National Insurance contributions from 6th April 2022, that the additional contribution was to help fund public services, HMRC asked employers and payroll agents to put a message on the payslip explaining what these funds would be used for. Originally they asked that the message apply to all payslips for … Continue reading November 2022 NI change – Drop the message

Reversal of the Health and Social Care Levy

The government is cancelling the Health and Social Care Levy – initially introduced via a 1.25 percentage point rise in National Insurance contributions (NICs) - which took effect in April 2022. This is delivered in two parts: The reduction of National Insurance rates from 6th November 2022, in effect removing the temporary 1.25 percentage point … Continue reading Reversal of the Health and Social Care Levy

Payroll 2022-23: November changes to NICs

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

3rd National Insurance change confirmed for 6th November 2022

The 1.25 percentage point rise in National Insurance will be reversed from 6th November 2022, the Chancellor Kwasi Kwarteng has announced 22nd September 2022 April’s National Insurance increase to be reversed from November 2022 - delivering one key Prime minister pledge to cut tax burden and promote economic growth Health and Social Care Levy will … Continue reading 3rd National Insurance change confirmed for 6th November 2022

HM Treasury confirm Friday 23rd September 2022 for the mini budget

Subject to the agreement of the House of Commons, On Friday 23rd September, Chancellor Kwai Kwarteng will unveil the Growth Plan to Parliament. PAYadvice.UK 21/9/2022

Mini-budget imminent

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

Preparing for the 3rd National Insurance payroll change!

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!

Legislation updates 2023 for payroll

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Following the successful Legislation update for 2021 and then 2022 for payroll by PAYadvice.UK with 20 thousand hits and downloads since its launch at the beginning of 2021 - PAYadvice.UK are constructing its PAYadvice Series Legislation Update 2023 for payroll. We believe that PAYadvice was the first organisation in the UK to bring together the … Continue reading Legislation updates 2023 for payroll

Prescription charge freeze

Freeze will help ease the cost of living pressures on households, saving £17 million overallComes alongside record government NHS investment to tackle the Covid backlog and reduce waiting times NHS prescription charges will be frozen for the first time in 12 years to help with the cost of living. Charges usually increase in line with … Continue reading Prescription charge freeze

April 2022 HMRC Employer Bulletin

HMRC publishes the Employer Bulletin 6 times a year, giving employers and agents the latest information on topics and issues that may affect them. In April 2032edition of the Employer Bulletin there are important updates and information on: PAYE PAYE Settlement Agreements deadline Electronic payment deadline falls on a weekend Classification of company cars or … Continue reading April 2022 HMRC Employer Bulletin

Health and Social Care Levy to raise billions for NHS and social care

From Wednesday 6th April 2022, the Health and Social Care Levy will begin to raise billions to tackle the Covid backlogs and reform adult social care From Wednesday 6th April 2022, the Health and Social Care Levy comes into effect and begins to raise billions to help tackle the Covid backlogs and reform the adult … Continue reading Health and Social Care Levy to raise billions for NHS and social care

Next steps for living with COVID

New guidance, from the Department of Health and Social Care, outlines free COVID-19 tests will continue to be available to help protect specific groups once free testing for the general public ends on 1st April 2022 Free COVID-19 tests will continue to be available to specific groups including eligible patients and NHS and care staff … Continue reading Next steps for living with COVID

Employment allowance increased to £5,000

As part of the spring statement initiatives, the Chancellor, Rishi Sunak, has announced an increase to the Employment Allowance from £4,000 to £5,000 Employment Allowance is a relief which allows eligible businesses to reduce their employer National Insurance contributions (NICs) bills each year Around 495,000 businesses (30% of all businesses) benefit from the increase, including … Continue reading Employment allowance increased to £5,000

Health and Social Care – National Insurance contribution uplift

HMRC have issued the following communication to UK employers to assist informing employees of the reason for the increase in National Insurance contributions that apply from 6th April 2022. Dear PAYadvice, We would appreciate your assistance to help… employees understand that the increased National Insurance contribution of 1.25 percentage points from 6‌‌‌ ‌‌April 2022 is … Continue reading Health and Social Care – National Insurance contribution uplift

February 2022 HMRC Employer Bulletin

HMRC publishes their Employer Bulletin online 6 times a year, providing employers and agents with the latest information on topics and issues that may affect them. In the February 2022 edition there are important updates and information on: PAYE Basic PAYE Tools ― new release Changes to our Employer Helpline processes Health and Social Care … Continue reading February 2022 HMRC Employer Bulletin

Health and Care Visa scheme expanded

Care workers, care assistants and home care workers to become eligible for Health and Care Visa for 12 month period Care staff to be added to the Shortage Occupation List in response to pandemic pressuresVisa Boost complements £462.5m investment in Workforce Recruitment and Retention Fund Thousands of additional care workers can be recruited to boost … Continue reading Health and Care Visa scheme expanded

HMRC December 2021 Employer Bulletin

HMRC have issued the December 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are important updates and information on the following: PAYE Health and Social Care – National Insurance contribution increaseNational Insurance holiday for employers of veteransReporting benefits and expenses in real-timeEmployers using Category M National … Continue reading HMRC December 2021 Employer Bulletin

Software Developers HMRC NI Guidance 2022/2023 EB5 (updated to reflect the Spring Statement 2022)

The HMRC Software Support Team (SDST) have issued the National Insurance Contributions guidance for software developers. 6th April 2022 - 5th July 2022 Originally issued in January 2022 and intended to be applicable for the full tax year, NI plans changed by announcement at the governments Spring Statement 2022. This first version now relates to … Continue reading Software Developers HMRC NI Guidance 2022/2023 EB5 (updated to reflect the Spring Statement 2022)

Health and Social Care payslip message issued

On 7th September 2021, the government announced a new 1.25% Health and Social Care Levy to fund investment in the NHS and social care. The Levy will be effectively introduced from April 2022 when National Insurance Contributions (NICs) for working age employees, self-employed people and employers will increase by 1.25% and be added to the … Continue reading Health and Social Care payslip message issued

Legislation update 2022 for payroll

Following the successful Legislation update 2021 for payroll by PAYadvice.UK with 19,500 hits and downloads since its launch at the beginning of 2021, following the UK budget on 27th October trigger and confirming a number of payroll changes for April 2022, along with announcement by States of Guernsey and States of Jersey - PAYadvice.UK have … Continue reading Legislation update 2022 for payroll

Dividend tax increase April 2022

Since April 2016, the rates of Income Tax applicable to dividend income have been 7.5%, 32.5% and 38.1% for basic, higher and additional rate taxpayers respectively. Any individual who has dividend income can benefit from the dividend allowance which has been set at £2,000 since April 2018. Dividends within the allowance are not charged to … Continue reading Dividend tax increase April 2022

HMRC Agent Update 89 has been published (October 2021)

Dear PAYadvice.UK, Agent Update: issue 89 is now available and contains the latest guidance and information for tax agents and advisers. This edition of Agent Update includes: •Coronavirus Job Retention Scheme •declaring coronavirus support schemes overpayments on company tax returns •Health and Social Care Levy •employers liabilities and payments for PAYE •updates to HMRC appeals processes. … Continue reading HMRC Agent Update 89 has been published (October 2021)

HMRC October 2021 Employer Bulletin

HMRC have issued the October 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are updates and information on the following: PAYE Tax changes for health and social care Business Tax Account and Pay As You Earn (PAYE) for employers Reporting PAYE information in real time when … Continue reading HMRC October 2021 Employer Bulletin

Health and Social Care Levy – Dividends

From next April the government will create a new, UK-wide, 1.25 per cent Health and Social Care Levy with dividends tax rates increasing by 1.25% points.. By increasing dividends tax rate the government is asking better-off business owners and investors to make a fair contribution. Dividend tax is charged on taxable dividend income an individual … Continue reading Health and Social Care Levy – Dividends

Health and Social Care levy rates – National Insurance

From April 2022 the government we will create a new, UK-wide, 1.25 per cent Health and Social Care Levy on earned income, hypothecated in law to health and social care. The new levy will share the cost between individuals and businesses, and everyone is to contribute according to their means, including those above State Pension … Continue reading Health and Social Care levy rates – National Insurance