Payroll news

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

NLW ‘is slowing salary growth,’ says CIPD report - 23 June 2016

A recent study conducted by the Chartered Institute of Personnel and Development (CIPD) has revealed that George Osborne’s new National Living Wage (NLW) and apprenticeship levy are slowing salary growth. The CIPD report forecast that pay rises will average approximately

OTS publishes strategy consultation document on tax simplification - 23 June 2016

The Office of Tax Simplification (OTS) has published a strategy consultation document which hopes to spark discussion of potential tax simplification reforms for the future. The news comes after the OTS was appointed statutory body on a permanent basis by

Auto-enrolment for more than six million workers - 14 March 2016

More than six million workers have now started saving into a workplace pension as a result of automatic enrolment, figures from the Pensions Regulator show. The six million milestone was reached in February, with a total of 6,091,000 people recorded

UK gender pay gap has narrowed, but is still above OECD average - 14 March 2016

The long-running pay gap between men and women working in the UK has narrowed of late, but a recent report claims that the gap is still higher than the Organisation of Economic Cooperation and Development (OECD) average. The UK’s gender

LITRG calls for delay on National Insurance changes for self employed - 14 March 2016

The Low Incomes Tax Reform Group (LITRG) has asked the Government to delay changes to national insurance contributions (NICs) for the self-employed to ensure the impact is fair and those affected understand the implications. The 2015 Budget confirmed the Government’s

Common Christmas payroll errors - 18 December 2015

Christmas is just around the corner, but even with all the office parties and Christmas jumpers on display, in-house payroll professionals still have to ensure that workers are paid correctly and on time. There are a number of additional payroll

Tax on benefits in kind to be relaxed - 18 December 2015

HM Revenue & Customs (HMRC) has announced that 6 April 2016 employees’ benefits worth £50 or less, paid for by an employer, will be deemed trivial and exempt from tax and National Insurance At present, there is no hard and

Apprenticeship levy set out in Autumn Statement - 18 December 2015

The government has laid out its plans for an apprenticeship levy that will result in businesses paying an additional £11.6 billion in tax over the next five years. The new levy will impose a 0.5 per cent tax on employment

Employers need to act on auto-enrolment now, says DWP - 18 December 2015

The Department for Work and Pensions (DWP) has highlighted the second anniversary of auto-enrolment by telling employers “This is no time to rest”. The first of the UK’s largest employers began meeting new workplace pension duties on 1 October 2012,