Payroll news

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

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