Articles and information in relation to UK Payroll for business, employers and employees.
The Chancellor has confirmed that the date of the Budget will be Wednesday 28 October 2026. In a video message, the Chancellor of the Exchequer, John Healey MP said: This government is working fast to restore hope and back Britain’s communities. In the past two weeks, we have begun to kickstart growth in every postcode. We … Continue reading Budget to move “power and money out of Westminster, and into every postcode
Richard Hughes has written to the Chancellor (1st December 2025) to resign as Chair of the Office for Budget Responsibility (OBR). The OBR inadvertently made it possible to access the November 2025 Economic and fiscal outlook (EFO) too early on Budget day. They launched an immediate investigation into what happened which has reported today, Monday 1st December … Continue reading OBR chair resigns over budget 2025 blunder
The Red Budget Box According to information published by Parliament, the word Budget comes from an old French word ‘bougette’ meaning little bag. It was customary to bring the statement on financial policy to the House of Commons in a leather bag. The modern equivalent of the bag is the red despatch box or Budget … Continue reading Budget 2025 – The Red Box
(C)2025 PAYadvice Ltd Simon Parsons of SD Worx, PAYadvice and representing the BCS Oayroll Group (part of the Chartered Institute for IT) was in attendance at the annual HM Fevenue and Customs (HMRC) annual conference. The following is the recently appointed Exchequer Secretaries speech to the conference. The Exchequer Secretary made a speech at the … Continue reading Exchequer Secretary speech to the annual HMRC Conference
New rules are to unmask anyone evading tax due on their crypto profits UK crypto holders must provide personal details to crypto service providers from January 2026 or face penalties of up to £300 This is to align with government’s Plan for Change to ensure everyone pays their fair share of tax to fund vital … Continue reading Crypto bros being forced to pay fair share of tax
Over 10 million people who use Buy-Now, Pay-Later (BNPL) products are to gain stronger rights and clearer protections under new rules - stopping unaffordable borrowing and helping families keep more of their money. Millions of Buy-Now, Pay-Later shoppers to gain stronger rights and clearer information – in line with other types of credit ending the … Continue reading New rules to end Buy-Now, Pay-Later wild-west, and protect millions of shoppers to drive growth
new fees for passport applications on 10th April 2025 The Home Office and HM Passports have proposed increases to passport fees (subject to parliamentary approval), will include the following: the fee for a standard online application made from within the UK will rise from £88.50 to £94.50 for adults and £57.50 to £61.50 for children … Continue reading Passport fee change 10th April 2025
Location:Chartered Institute of TaxationDelivered on:11th March 2025 (Transcript of the speech, exactly as it was delivered) Thank you very much for inviting me to come and speak to you today as we mark the 20th anniversary of His Majesty’s Revenue and Customs. When I was thinking about giving this speech to you today, I wondered what … Continue reading 20 years of HM Revenue and Customs
HM Revenue and Customs have issued a notification to software developers on Tuesday 28th January 2025 of an increase compensation payment for statutory payments. Apparently HM Treasury had recently consulted on an area of Statutory Payment policy which will impact payroll software. Who they consulted with is not clear and any consideration of developer needs … Continue reading Statutory payment small employer compensation increase to 8.5%
As part of the Chancellor Rachel Reeves speech to the House of Commons on Monday 29th July 2024, she announced a change in method of selling the governments share ownership in Nat West Bank. Mr Speaker, the previous government had plans for a retail sale of Natwest shares. We intend to fully exit our shareholding … Continue reading Nat West public share sale pulled
As part of Chancellors statement on public spending inheritance, Rachel Reeves announced the Autumn budget date. I am announcing today that I will hold a Budget on October 30th alongside a full economic and fiscal forecast from the Office for Budget Responsibility. She went on to state that ‘I have to tell the House that … Continue reading Budget set for 30th October 2024
Landmark pensions review part of Government’s mission to ‘boost growth and make every part of Britain better off’. Chancellor launches landmark review to boost investment, increase pension pots and tackle waste in the pensions system. New Pensions Bill confirmed in King’s Speech could boost pension pots by over £11,000, with further consolidation and broader … Continue reading Pensions Big Bang
Emma Reynolds has been appointed as Parliamentary Secretary at HM Treasury and the Department of Work and Pensions on 9th July 2024. In that position she acts as the Pensions Minister, the difference being the role is now represented across both the DWP and HM Treasury. She was elected as the MP for Wycombe in … Continue reading New Pension Minister – Emma Reynolds MP
taking immediate action to fix the foundations of our economy Delivered Monday 8th July 2024 at HM Treasurd. Good morning. Last week, the British people voted for change. And over the last 72 hours I have begun the work necessary to deliver on that mandate. Our manifesto was clear: Sustained economic growth is the only … Continue reading Chancellor Rachel Reeves first speech
So with a new change of government, we see a whole group of new government ministers and welcome many new MPs to the house of commons. Consequently, HMRC has prepared a guide to give advice for these new (and any prior) MPs and Ministers about their personal tax and National Insurance contributions (NICs). A new … Continue reading New HMRC guidance for MPs
Following the General Election result and the new formation of a Labour government, Rachel Jane Reeves has been appointed as Chancellor of the Exchequer on Friday 5th July 2024. A member of the Labour Party, she is the first female chancellor in British history. She has been member of Parliament (MP) for Leeds West constituency from 2010 to 2024, and following … Continue reading Rachel Reeves – Chancellor of the Exchequer
The following information has been issued by HMRC following the government spring budget held on Wednesday 6th March 2024. Dear PAYadvice.UK , Today, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Spring Budget speech and set out the government’s plans to bring forward a series of reforms to ensure the … Continue reading HMRC – Spring Budget 2024
New Back to Work Plan to help up to 1,100,000 people with long-term health conditions, disabilities or long-term unemployment to look for and stay in work. Additional support comes alongside tougher sanctions for people who don’t look for work, as part of the next generation of welfare reforms. Includes exploring reforms of the fit note … Continue reading Employment support launched -Back to Work
Laura Trott has been moved across as Chief Secretary to the Treasury on Monday 13th November 2023. She replaces John Glen. She was previously Parliamentary Under Secretary of State at the Department for Work and Pensions ( the pensions minister) between 27th October 2022 and 13th November 2023. The Chief Secretary (CST) is responsible for … Continue reading Laura Trott moved from Pensions to Treasury