Articles and information in relation to UK Payroll for business, employers and employees.
(c)2025 PAYadvice Ltd New minimum wage rates come into force [for pay reference period starting{ from 1st April [2026], following Low Pay Commission recommendations. Increased rates of the National Minimum Wage, including the National Living wage came into force for pay reference period from 1st April 2026. These rates bring into effect recommendations made by the … Continue reading National Living Wage rises to £12.71
The 'Specification for PAYE tax table routines' has been updated to version 24.0 (February 2026). HM Revenue and Customs have issued, on Wednesday 11th February 2026, the updated specification for Income which reflect the adjusted parameter values for Scottish Income Tax. The values for England, Northern Ireland and Wales remain frozen. PAYErout-v24-0Download Part of Tax … Continue reading Payroll technical specifications: Income Tax April 2026
The HMRC have issued the RD1 Specification for employer substitute form P60 and e P60 for the tax year 2026 to 2027. In addition to changing the tax year, the reference to tax credits has been removed and reference to Pension Credit has been added. April 2026 sees the introduction of Statutory Parental Bereavement Pay … Continue reading 2026/2027 P60 & eP60 substitute adjustments
HMRC publishes the Employer Bulletin 6 times a year, giving employers and agents the latest information on topics and issues that may affect them. Some of these topics have already been covered by PAYadvice.UK in articles and blogs and further articles and blogs may now additionally be published. The December 2025 edition of Employer Bulletin … Continue reading Employer Bulletin: December 2025
Payroll 2026-27: Allowances, Rates and Thresholds from April 2026 Dear PAYadvice.UK Following the Autumn Budget of 26 Ltd November 2025, we can confirm the following information for payroll 2026-27. Where details are not currently known, these are marked as TBA. We will provide a further update as soon as we can. We will also provide … Continue reading HMRC confirm most of the 2026/2027 values for software
This measure is about bringing Employee Car Ownership Schemes (ECOS) within the scope of the benefit in kind rules as company cars from 6th April 2030, with transitional arrangements. What is an ECOS scheme An ECOS is something more organised than the employer simply ceasing to provide a company car and (normally) increasing taxable pay … Continue reading Budget 2025 – Changes to Employee Car Ownership Schemes (ECOS)
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
As part of budget 2025, Rachel Reeves announced a freeze of National Insurance thresholds and rates until April 2031. Well not everything was frozen, it was after confirmed that the National Insurance Contributions (NICs) Lower Earnings Limit (LEL), the point where individual start accruing state benefit rights, would rise by +£4 to a new £129 … Continue reading Budget 2025 – National Insurance freeze!
A new measure is introduced that will affect employers who notify HMRC through a PAYE-notification, often referred to as a Section 690 application, that they will operate Pay As You Earn (PAYE) on a proportion of the employment income of a qualifying new resident employee that will be eligible to claim Overseas Workday Relief (OWR). The … Continue reading Section 690 – Overseas Workday Relief
Billpayers to benefit from an average of £150 off the costs of energy bills. The government have announced in the Autumn Budget that they will cut the cost of living, including by taking an average of £150 off the costs of household energy bills from April next year. This energy bill support is on top of extending the £150 Warm Home Discount to around a further 2.7 million of the poorest … Continue reading Budget 2025 – Energy Bills
Budget 2025 speech as delivered by Chancellor Rachel Reeves - 26th November 2025 Madame Deputy Speaker. It is my understanding that the Office for Budget Responsibility’s Economic and Fiscal Outlook was released on their website before this statement. This is deeply disappointing and a serious error on their part. The Office for Budget Responsibility has … Continue reading Budget 2025 speech
It’s the kids that have paid the price As part of the Budget 2025, the chancellor Rachel Reeves stated that she came into politics because every child ‘deserves an equal chance’. Fully costed and fully funded, the Two child benefit cap has been scrapped from April 2026. This is claimed to be ‘the biggest reduction … Continue reading Budget 2025 – Two Child Benefit limit removed April 2026
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
Rail fares frozen for the first time in 30 years in historic intervention to deliver real savings for millions of commuters. The move from the Chancellor and Transport Secretary is to keep household costs down for hardworking families and drive economic growth by limiting inflation by keeping travel costs down. No price increases for fares … Continue reading First rail freeze in 30 years to help commuters
Budget date announced HM Treasury has confirmed that the Chancellor Jeremy Hunt has commissioned the Office for Budget Responsibility to prepare an economic and fiscal forecast to be presented to Parliament alongside his Spring Budget on 6 March 2024. What is the Budget? The Budget, or Financial Statement, is a statement made to the House … Continue reading Spring Budget 2024 set for 6th March