Changes to the CJRS from July The UK Government will continue to pay 80% of furloughed employees’ usual wages for the hours not worked through the Job Retention Scheme, up to a cap of £2,500 per month, to the end of this month (June 2021). In July...
CJRS Update – May 2021 CJRS eligibility from May For periods from 1 May 2021 onwards, you will be able to claim for eligible employees who were employed by you and on your PAYE payroll on 2 March 2021. This means you must have made a PAYE Real...
NATIONAL AND MINIMUM WAGE INCREASE APRIL 2021 The government previously announced that the national living wage will increase by 2.2% in April 2021 and will be extended to 23 and 24 years. For workers aged under 23, Commissioners recommended smaller increases in recognition of the risks...
Student and Postgraduate Loans With the extension of furlough please remember that both Apprenticeship Levy and Student loan deductions will continue where applicable if the employee is furloughed. Grants for the Job Retention Scheme do not cover these. If you are taking on a new starter who...
Flexible Furlough From 1st July you will be able to bring your staff back to work using the flexible furlough. If you are planning on bringing some employees back to work this scheme, there are several important things to do. One is that you must inform...
Holiday Pay & Furlough If you are calculating your own furlough grant claims in these challenging times then you need to read all the information regarding who and what you can claim for. The government have provided a calculator along with criteria and examples. You can find...
National And Minimum Wage Increase April 2020 The government has announced that the national living wage will increase by 6.2% in April. Nearly 3 million workers will benefit from the increase with low paid workers seeing their wages grow by 8% above inflation between April 2015...
Employment Allowance reform eligibility rules are changing from April 2020 Currently the employment allowance will reduce your employers’ (secondary) Class 1 National Insurance each time you run your payroll until the £3,000 has gone or the tax year ends (whichever is sooner). In April 2020 the Employment...
Penalties - PAYE RTI – HMRC Update Following a review, HMRC has decided to continue the risk-based approach to PAYE late filing and late payment penalties throughout the 2019/20 tax year. This means that late filing and late payment penalties will be considered on a risk assessed...
What is a Tax Code? Your tax code is used by your employer or pension provider to work out how much income tax you will pay from your salary, wages or pension. Your tax depends on how much you earn. Currently the personal tax allowance for...