Payroll news
Don’t get delayed over Easter weekend, say payment experts - 5 April 2017
Experts have urged businesses to “plan ahead” so that payments to staff and suppliers do not get delayed over the Easter weekend. The advice, from Bacs Payment Schemes, reminds owners that Friday 14 April and Monday 17 April are classed
Don’t get caught out, the National Minimum Wage increased this month - 5 April 2017
The National Minimum Wage (NMW) has increased for all workers operating in the UK this month (April 2017). For workers over the age of 25, this means that wages will rise from £7.20 to £7.50 per hour. Workers aged 21
New businesses offered workplace pension lifeline - 5 April 2017
The Government has announced that new businesses will be offered a reprieve of up to three months before they must enrol employees onto a workplace pension. This change will affect businesses entering the market for the first time, similar to
Tax-free childcare is coming this April - 5 April 2017
From 28 April this year, parents with young children will be able to claim tax-free childcare against their yearly income. The Childcare Choices scheme is designed for working parents with children under 12 – or for disabled children under 17.
HMRC reveals ‘real-time’ PAYE coding - 14 December 2016
HM Revenue & Customs (HMRC) has announced its intent to roll out real-time Pay As You Earn (PAYE) coding in time for the 2017/18 tax year. Coinciding with the launch of Making Tax Digital, HMRC’s new and improved online tax
Chancellor confirms NLW will rise in April 2017 - 14 December 2016
Chancellor Philip Hammond’s Autumn Statement has confirmed that the National Living Wage (NLW) for workers over the age of 21 will increase from £7.20 an hour to £7.50 as of 1 April 2017. The news may come as a blow
No excuse for non-compliance, says The Pensions Regulator - 14 December 2016
The Pensions Regulator (TPR) has revealed a “staggering” spike in the number of compliance notices it has issued to businesses which failed to comply with auto-enrolment staging dates. In the three months to September, the regulator issued 15,073 notices out
Auto-enrolment contributions for staff: How much should you pay? - 14 December 2016
The Government’s auto-enrolment legislation is confusing enough as it stands – but how does it work for staff with irregular hours or varying pay? The Pensions Regulator (TPR) has said, in situations such as these, the pension contributions that both
Small firms face big fines for skipping over auto-enrolment - 27 September 2016
Small businesses could face fines of up to £22 million should they fail to meet their auto-enrolment staging dates, a new report suggests. The Pensions Regulator (TPR) has confirmed that around 52,000 small businesses with fewer than four employees could
Are you one of the 200,000 employers who are now auto-enrolment compliant? - 27 September 2016
Around 200,000 UK employers have now completed their auto-enrolment duties, The Pensions Regulator (TPR) has revealed. In a new Declaration of Compliance report, the TPR revealed that approximately 6.5 million workers across the UK are now fully enrolled onto a
