Payroll news

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

HMRC surprise shareholders with new PAYE dividend tax code - 27 September 2016

A large proportion of business owners and directors may be in for a surprise when they receive their 2016/17 PAYE codes, as an estimate for dividend income may have been included to accelerate tax payable to HM Revenue and Customs

HMRC reels in £737m from business payroll errors – and SMEs pay more than half - 23 June 2016

An independent study has revealed that investigations into slip-ups on payroll compliance netted the taxman £737m last year – more than half of which was paid for by SMEs. Payroll errors are costing smaller businesses a fortune, and the study

Businesses urged to help employees renew tax credits - 23 June 2016

Employers are being reminded by HM Revenue & Customs (HMRC) to encourage staff to renew their tax credit claims as soon as possible to beat the mid-summer rush. HMRC say that June and July are the two busiest months for