Payroll news

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,

BIS urges employers to prepare now for National Living Wage - 18 December 2015

The Department for Business, Innovation and Skills (BIS) has advised businesses to make early preparations for the introduction of the National Living Wage (NLW) on 1 April 2016. BIS has set out four steps for employers in the run-up to

Income tax and national insurance contributions could be combined - 30 September 2015

The Office of Tax Simplification (OTS) was recently given the task of investigating the implications of merging income tax and national insurance contributions (NICs). It will assess all of the available evidence and conduct further research with stakeholders and taxpayers.

More SMEs to be affected by auto-enrolment - 30 September 2015

The Pensions Regulator has published data which reveals that more businesses will have to implement a pension auto-enrolment scheme than initially expected. Almost 1.8 million smaller businesses will have to meet the requirement to provide pensions for their employees over

Research reveals that only 40 per cent of employees know their exact salary - 30 September 2015

Research published by Noddle – the credit check company – has shown that only four in 10 employees actually know what their salary is. Some of the potential reasons for an individual lacking this knowledge include a general absence of

Automatic union contributions could soon be scrapped under Government plans - 30 September 2015

The Government recently announced that it soon hopes to put an end to public sector workers being able to automatically pay their subscriptions to trade unions from their salaries. ‘Check off’, as the practice is known, gives union members the

Tax cuts for those on the minimum wage - 19 June 2015

The Government has vowed to let people ‘keep even more of the money they earn’ as they set out tax cuts for 30 million people. The Prime Minister pledged to enshrine in law that workers on the minimum wage will

Grandparents to share parental leave? - 19 June 2015

Grandparents could share parental leave to allow their children to go back to work early, David Cameron has signalled. The Prime Minister is to examine the idea of extending the right to time off work to look after young children