HMRC have issued the RD1 Specification for employers substitute forms P60 for the new 2025/2026 tax year. The RD1 guide … Continue reading 2025/2026 P60 design
2025/2026 P60 design
Category: Payroll changes April 2024
Statutory Payment Rates 2025 increased by 1.7%
The UK Government announced the increase basis for Statutory Payment rates along with other benefits and have released the proposed … Continue reading Statutory Payment Rates 2025 increased by 1.7%
RTI FPS reporting salary advances relaxation
Do you operate salary advance schemes for your employees either directly or through an Earned Wage Access provider? As part … Continue reading RTI FPS reporting salary advances relaxation
National Insurance cut is live
Millions of workers checking payslips will have seen reductions in National Insurance contributions (NICs) As the economy turns a corner, … Continue reading National Insurance cut is live
National Insurance cut for 29 million arrives
29 million workers receive largest National Insurance cut A £900 a year boost for typical worker Part of the governments … Continue reading National Insurance cut for 29 million arrives
VAT threshold raised and rates frozen in boost for small business
28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 … Continue reading VAT threshold raised and rates frozen in boost for small business
6th April 2024 – Happy New (Tax) Year
Here it is again, the start of a New Tax Year. Often when meeting with payroll and tax professionals from … Continue reading 6th April 2024 – Happy New (Tax) Year
Household cash boost
Thousands of households across the UK are set to be around £3,850 better off as a raft of economic policies … Continue reading Household cash boost
Don’t be an April Fool! The Minimum Wage checklist
1st April 2024 National Minimum Wage uplift The 1st April 2024 sees the introduction of a significant uplift in the … Continue reading Don’t be an April Fool! The Minimum Wage checklist
March 2024 Employer Bulletin
HMRC have issued the March 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, … Continue reading March 2024 Employer Bulletin
NMW – Work related training is work time
With the rise in National MinimumWage and National Living Wage A frequent question on various Facebook and other social media … Continue reading NMW – Work related training is work time
What’s going on with Directors National Insurance
So here we are again, the end of another UK tax year! At PAYadvice.UK we are seeing a high number … Continue reading What’s going on with Directors National Insurance
Spring Budget 2024 speech
Spring Budget 2024 speech as delivered by Chancellor Jeremy Hunt. Madam Deputy Speaker… As we mourn the tragic loss of … Continue reading Spring Budget 2024 speech
HMRC – Spring Budget 2024
The following information has been issued by HMRC following the government spring budget held on Wednesday 6th March 2024. Dear … Continue reading HMRC – Spring Budget 2024
April 2024 changes to NICs
The HMRC Software Developer Support Team have issued the following to developers in relation to the 2 percentage point cut … Continue reading April 2024 changes to NICs
Budget 2024 – Payroll impacts etc.
The budget 2024, Wednesday 6th March 2024, announced a number of changes , some of which impact payroll software, service … Continue reading Budget 2024 – Payroll impacts etc.
Pay boost for 21 & 22 year olds and younger workers
National Minimum Wage increases imminent National Minimum Wage applies to all employees and workers who have reached school leaving age … Continue reading Pay boost for 21 & 22 year olds and younger workers
Salary Sacrifice and Minimum Pay : benefit or a risk too far
Salary sacrifice schemes have become increasingly popular, often generated by employer efforts to save secondary National Insurance contributions with employers … Continue reading Salary Sacrifice and Minimum Pay : benefit or a risk too far
Shamed for not paying minimum wage
524 businesses have been named for failing to pay the minimum wage Employers ordered to repay workers nearly £16 million, … Continue reading Shamed for not paying minimum wage
Pension AE: Earnings Trigger and Qualifying Earnings Band Frozen for 2024/25
Automatic enrolment (AE) into workplace pensions has been a great success to date. Since 2012 over 11 million people having … Continue reading Pension AE: Earnings Trigger and Qualifying Earnings Band Frozen for 2024/25
Postgraduate Loan threshold for April 2024 frozen
The Student Loans Company and HM Revenue and Customs (HMRC) have confirmed that the Postgraduate Loan (PGL) threshold for 2024-2025 … Continue reading Postgraduate Loan threshold for April 2024 frozen
Paternity pay change – April 2024
There are changes to the way Paternity Leave and Pay can be claimed and taken. This will make it more … Continue reading Paternity pay change – April 2024
How much NICs will you save?
Want to know how much the reduction in National Insurance could save you & your friends & family? The government … Continue reading How much NICs will you save?
DBT publish new guidance on Simplifying holiday entitlement and holiday pay calculations
How holiday pay and entitlement has changed from 1 January 2024. The Department for Business and Trade has published new … Continue reading DBT publish new guidance on Simplifying holiday entitlement and holiday pay calculations
New Holiday Pay 12.07% – not as easy as you think!
Many employers and even payroll professionals have welcomed what some claim is a return of the 12.07% holiday pay method … Continue reading New Holiday Pay 12.07% – not as easy as you think!
6th Jan 2024 NI cuts – are you ready
At the Autumn Statement 2023 held on 22nd November, a 2% cut in the standard rate of National Insurance was … Continue reading 6th Jan 2024 NI cuts – are you ready
Had a Christmas job? Check your pay!
Festive workers who may be missing out on the National Minimum Wage or National Living Wage are being urged to … Continue reading Had a Christmas job? Check your pay!
Spring Budget 2024 set for 6th March
Budget date announced HM Treasury has confirmed that the Chancellor Jeremy Hunt has commissioned the Office for Budget Responsibility to … Continue reading Spring Budget 2024 set for 6th March
Welsh Income Tax April 2024
Photo by Lisa Fotios on Pexels.com Welsh Rates of Income Tax (WRIT) The process for Wales involves the UK Government … Continue reading Welsh Income Tax April 2024
Scottish Budget tax proposals for April 2024
Photo by Pixabay on Pexels.com The Scottish Budget 2024-2025 was presented to the Scottish Parliament on Tuesday 19th December 2023. … Continue reading Scottish Budget tax proposals for April 2024
National Insurance change for directors – are you ready
As a result of the Autumn Statement reduction in NIC standard rates by 2% from 12% to 10%, employees will … Continue reading National Insurance change for directors – are you ready
2024/2025 P60 design
HMRC have issued the RD1 Specification for employers substitute forms P60 for the new 2024/2025 tax year. The RD1 guide … Continue reading 2024/2025 P60 design
Want to payroll benefits – plan and register soon for 2024/2025
Many employers provide benefits, whether as part of standard reward packages or via flexible reward choice programmes utilising Salary Sacrifice … Continue reading Want to payroll benefits – plan and register soon for 2024/2025
2024-2025: Car and van fuel benefit charges
Company van The Van Benefit Charge applies when an employee is provided with a company van and it is used … Continue reading 2024-2025: Car and van fuel benefit charges
December 2023 Employer Bulletin
HMRC have issued the December 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading December 2023 Employer Bulletin
Payroll 2024-25: Allowances, Rates and Thresholds from 6 April 2024
HM Revenue and Customs Software Developers Support Team have issued the following Monday 4th December 2023 and then updated further … Continue reading Payroll 2024-25: Allowances, Rates and Thresholds from 6 April 2024
Student Loan Plan 4 threshold for April 2024 confirmed
HMRC Software Developers Support Team (SDST) has confirmed (Monday 4th December 2024), the student Plan Type 4 (Scotland) threshold applicable … Continue reading Student Loan Plan 4 threshold for April 2024 confirmed
Statutory Payment Rates 2024 increased by 6.7%
The UK Government have announced the increase basis for Statutory Payment rates along with other benefits and have released the … Continue reading Statutory Payment Rates 2024 increased by 6.7%
Company Car Tax 2024
As part of the Autumn Statement documentation Annex A, the company car tax rates for April 2024 have been confirmed … Continue reading Company Car Tax 2024
Income Tax 2024/2025
As part of the Autumn Statement 2023, the government have provided the following information on the operation of Income Tax … Continue reading Income Tax 2024/2025
Autumn Statement 2023: National Insurance Factsheet
A factsheet setting out details of cuts to main rates of National Insurance for employees and the self-employed. HM Treasury … Continue reading Autumn Statement 2023: National Insurance Factsheet
NI reduction bill presented
Following the Autumn Statement 2023 held on Wednesday 22nd November, As promised by Chancellor, the government have laid a bill … Continue reading NI reduction bill presented
Payroll 2023-24: January 2024 changes to NICs
Following the Autumn Statement announcement n the 2 percentage reduction in employee National Insurance contributions, the HMRC Software Developers Support … Continue reading Payroll 2023-24: January 2024 changes to NICs
Largest ever increase to minimum wage
(c) PAYadvice Ltd The Government has announced Tuesday 21st November 2023 its acceptance of the Low Pay Commission’s recommendations on … Continue reading Largest ever increase to minimum wage
Record wage boost for nearly 3 million workers – April 2024
Biggest ever increase to the National Living Wage, worth over £1,800 a year for a full-time worker… Since 2010 the … Continue reading Record wage boost for nearly 3 million workers – April 2024
The Kings Speech – Nov 2023
The first Kings Speech in 70 years to the UK parliaments took place in the House of Lords on Tuesday … Continue reading The Kings Speech – Nov 2023
Major increase to National Living Wage on its way
The National Living Wage will rise to two-thirds of average earnings, the Chancellor announced Monday 2nd October 2023 National Living … Continue reading Major increase to National Living Wage on its way
National Minimum Wage to be extended to live-in domestic workers
What NMW protection is there for domestic workers Workers who live-in within the family home of their employer and who … Continue reading National Minimum Wage to be extended to live-in domestic workers
Pension AE changes on the way – but when?
Private Members’ Bill to help millions save more into their pension and start saving sooner has cleared Parliament and been … Continue reading Pension AE changes on the way – but when?
PAYE RTI 2024-25: technical pack published
Dear PAYadvice.UK, I’m pleased to advise that the 2024-25 RTI technical pack for internet submissions is now available on GOV.UK … Continue reading PAYE RTI 2024-25: technical pack published
Autumn Statement set for 22nd November 2023
During the National Payroll Week, the Chancellor of the Exchequer, Jeremy Hunt, announced on 5th September 2023 that he will … Continue reading Autumn Statement set for 22nd November 2023
Student Loan Plan 1 and 2 thresholds confirmed for April 2024
The Department for Education has confirmed the Student Loan thresholds for Plan Type 1 and 2 to be operated from … Continue reading Student Loan Plan 1 and 2 thresholds confirmed for April 2024
Legislation updates 2024 for payroll
Originally started in readiness for 2021, PAYadvice.UK are constructing its popular PAYadvice Series Legislation Update 2024 for payroll. We believe … Continue reading Legislation updates 2024 for payroll
2024 NI changes: Investment Zone Employer NICs Relief (IZENR)
As part of the governments introduction of reliefs for investment zones from April 2023, a new recycled list of additional … Continue reading 2024 NI changes: Investment Zone Employer NICs Relief (IZENR)
Start-age for National Living Wage expected to drop to 21 from April 2024
In 2019, the Low Pay Commission (LPC) recommended that workers should become entitled to the National Living Wage (NLW, the … Continue reading Start-age for National Living Wage expected to drop to 21 from April 2024