Payroll Changes coming in April 2022 Minimum Wage Increase - April 2022 The National Minimum wage will increase in April 2022 and now includes 23 and 24 year olds at the highest rate. Employers should start paying the new rates on the first pay reference period on...
Job Retention Scheme & Living Wage Minimum Wage Increase in April 2022 The government announced in the Autumn 2021 Budget that the national living wage for anyone over 23 will rise from £8.91 to £9.50 in April 2022. You can find the current rates here: https://www.gov.uk/national-minimum-wage-rates Job Retention...
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...
PAYE Update 2021 Have you missed submitting your Final Payroll Submission (FPS)? The rules have changed slightly on making amendments to the tax year ending 5th April 2021. You will no longer be able to submit the Earlier Year Update (EYU) to make amendments. If you’re late sending...
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...
Furlough Calculations February 2020 - Leap Year 29 days - 2021 - 28 days HMRC has confirmed that, despite the fact that February 2020 lasted for 29 days, as last year was a leap year, this will have no impact on the calculation of claims made under...
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...
Paying your staff early at Christmas Holidays are coming! What do you do if you want to report PAYE in real time when payments are made early at Christmas. Back in In December 2018, HMRC wrote to employers to advise a temporary easement on reporting PAYE information...