WILL YOU BE PAYING YOUR STAFF EARLY THIS YEAR? We know that some businesses operate between Christmas and New Year and some will be finishing on the 24th December to return in the New year. This means that with offices closed payroll reporting and submissions will...
The end of Furlough and the Job Support Scheme The CJRS closed on 30 September 2021. If you haven’t submitted your final claim you must do so by the final deadline of Thursday 14th October 2021. You can claim 60% of furloughed employees' usual wages for the...
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...
On-Going Duties, Automatic enrolment & re-enrolment Whether you offer your staff a defined benefit (DB) or a defined contribution (DC) pension scheme, go to The Pensions Regulator’s (TPR) COVID-19 hub, where you’ll find all its guidance for employers in one place about your on-going duties. You must...
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...
Student & Postgraduate Loans In April 2020 the Student Loan and Postgraduate Loan Thresholds will increase. 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. Payroll can be complicated with...
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...