Articles and information in relation to UK Payroll for business, employers and employees.
At last - Christmas Day and New Year’s Day don’t fall on weekends this year and there are no substitute days. So when are the Christmas and New Year Bank holidays? They’re all back to normal! Do Bank holidays have to be paid? Bank or public holidays do not have to be given as paid … Continue reading Christmas 2023 and New Year 2024 – when are the Bank Holidays and what about paying early?
Setting for the Payroll Services Summit 2022 (by psp 2022) It’s great to be amongst the payroll service community at the summit on Thursday 10th November 2022 at the London Science Museum at Illuminate 5. With the Underground on strike, many will have enjoyed walks on what is a dry weather day with reasonable warm … Continue reading Payroll Services Summit 2022 – Part 1
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
As Christmas Day and New Year’s Day fall on weekends, neither is a bank holiday and therefore substitute days are used instead. So Tuesday 27th December 2022 is the official bank holiday substitute for Christmas Day and Monday 2nd January 2023 the official substitute as New Years is a Sunday. Do Bank holidays have to … Continue reading Christmas 2022 and New Year 2023 – when are the Bank Holidays and what about paying early?
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
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
HM Revenue and Customs have launched a New Starter Checklist as an alternative way for new employees to ensure their tax codes are correct if they don’t have a P45. By answering a series of questions and selecting the appropriate answers, this will produce a new starter declaration which can then be downloaded and emailed … Continue reading New Starter Checklist for PAYE available
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
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
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
The Living Wage Foundation has announced their new uplifted rates early on Thursday 22nd September 2022, a day ahead of the UK governments fiscal statement. Employers who declare themselves as Living Wage employers usually have 6 months to implement these new rates from the date of announcement, however the deadline has been set as 14th … Continue reading Real Living Wage increases to £10.90 in UK and £11.95 in London
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
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
Increase in National Insurance thresholds On 23rd March 2022 in the Spring Statement 2022, the UK government announced an increase in National Insurance primary thresholds affecting the 2022 to 2023 tax year. HMRC are reminding employers that the primary threshold changes take effect from 6th July 2022, resulting in employees paying National Insurance contributions on … Continue reading NI change 6th July 2022 – are you ready?
Nick Day is joined on The Payroll Podcast by Simon Parsons M.Sc FCIPPdip MBCS, Director UK Compliance Strategies at SD Worx, Simon is a Specialist in UK tax and Social Insurance legislation and all things payroll software development, and also a fellow panellist on Payroll Question Time. SPRING BUDGET SPECIAL 2022-23 WITH SIMON PARSONS #79 … Continue reading SPRING BUDGET SPECIAL 2022-23 WITH SIMON PARSONS #79
As part of the Spring Statement 2022 given on Wednesday 23rd March 2022, the government announced a change to National Insurance calculations which are to be applicable from Monday 6th July 2022. Increase is Primary Threshold The chancellor has announced an increase in the Class 1 National Insurance Primary Threshold from £9,880 to £12,570, the … Continue reading Payroll surprise in spring statement
PAYadvice endeavours to keep you as up to date as possible with the latest and developing changes impacting payroll and HR. The latest version 22.9 includes the announcements made at the spring statement 2022 which took place on 23rd March 2022.: The increase to primary threshold from 6th July 2022The increase to the Employment Allowance … Continue reading April 2022 – New Tax Year resources
Over 300,000 Living Wage workers are set for a pay boost More than £1.6 billion in extra wages has gone to low-paid workers since the start of the Living Wage movement 20 years ago £613 million in extra wages has gone to low-paid workers since the start of lockdown, with a record number of employers … Continue reading REAL LIVING WAGE INCREASES TO £9.90 IN UK AND £11.05 IN LONDON AS COST OF LIVING RISES.
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