SPRING BUDGET SPECIAL 2022-23 WITH SIMON PARSONS #79

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

Spring Statement 2022

Dear PAYadvice.UK, The Chancellor made his annual Spring Statement speech today where he set out the Government’s tax plan to support the UK economy, businesses and families in both the short and the medium term. Key measures the Chancellor announced as part of the plan include: •an increase to the National Insurance Primary Threshold for … Continue reading Spring Statement 2022

Van benefit charge and fuel benefit charges for cars and vans from 6 April 2022

As part of the Autumn Budget 2021, the following has been announced: Who is affected? Employers and employees: where employers provide employees with company vans available for private use, or provide fuel for private mileage in company cars and vans. Approximately 150,000 individuals are likely to be affected by the increase in the car and … Continue reading Van benefit charge and fuel benefit charges for cars and vans from 6 April 2022

Start preparing now for Payrolling benefits 2022/2023

HMRC is encouraging employers to consider payrolling the expenses and benefits they pay to staff. The advantages of payrolling expenses and benefits are that employers will no longer need to submit multiple P11Ds, and employees will be more likely to pay the correct tax due on their benefits during the tax year. Employers still need … Continue reading Start preparing now for Payrolling benefits 2022/2023

HMRC April 2021 Employer Bulletin

HMRC have issued the April 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are updates and information on COVID-19 updates and information:Coronavirus Job Retention SchemeVAT deferral new payment schemeNew one-off payment of £500 to support working households receiving tax creditsExtension of filing dates for internationally mobile … Continue reading HMRC April 2021 Employer Bulletin

Draft P11D and working sheets published for software developers

HM Revenue and Customs (HMRC) have provided the final versions of P11D and P11D Working Sheets for tax year 2020 to 2021. They are only to be used by software developers to assist with development of their payroll software. PAYE draft forms: P11D and P11D Working Sheets (2020 to 2021) Documents P11D Expenses and benefits … Continue reading Draft P11D and working sheets published for software developers

Support for small businesses, landlords and leaseholders: government charges up the electric vehicle revolution with £50 million boost

Government announces financial boost to encourage electric vehicle use and launches consultation on improving the charging experience. electric vehicle charging schemes to be opened to small business, leaseholders and those in rented accommodation to accelerate electric vehicle (EV) uptakeworth up to £50 million, the updated schemes will also boost rural areas and the charity sector, … Continue reading Support for small businesses, landlords and leaseholders: government charges up the electric vehicle revolution with £50 million boost

February 2021 Employer Bulletin published

HMRC have published their new format web delivered Employer Bulletin. It’s absolutely packed with important information which will aid payroll professionals in obtaining vital information and guidance. There are a plethora of important topics: Coronavirus Job Retention SchemeVAT deferral new payment scheme – opt-in from the end of February 2021VAT reverse charge for construction and … Continue reading February 2021 Employer Bulletin published

The Van Benefit and Car and Van Fuel Benefit Order 2021

HM Treasury have issued the following statement to enable payroll software and employers to prepare for the new tax year commencing 6th April 2021. Statement 4th February 2021 Kemi Badenoch MP Exchequer Secretary (HM Treasury): The van benefit charge and fuel benefit charges for cars and vans will be uprated by the Consumer Price Index … Continue reading The Van Benefit and Car and Van Fuel Benefit Order 2021