Payrolling Benefits in Kind
From April 2026, HMRC will make it compulsory to payroll employee benefits in kind and you will no longer be able to submit P11D forms. However, you can start payrolling before then as this has been in place for some years now. How payrolling benefits in kind works In practice, benefits are processed in the […]
Holiday Pay for Irregular Hours and Part-Year Workers
Rules around holiday pay for irregular hours and part-year workers has been a confusing topic of conversation for some time in the payroll world. From 1st April 2024, employers are allowed to pay rolled up holiday pay. This means that they can spread an employee’s annual holiday pay over the year and add it to […]
The pros and cons of outsourcing payroll vs processing in house
Whether you decide to process your payroll in house or to outsource it, there will be some things that you need to consider before making a decision. We have broken these down below. 1) Time Processing payroll and making payments takes up your time each month/week. An expert will be able to not only take […]
National Insurance Decrease April 2024
The Chancellor announced a second cut to national insurance this year in last week’s Spring Budget. From 6th April 2024, employee national insurance for all monthly earnings between £1048 and £4189 will decrease from 10% (the first reduced amount announced in January 2024) to 8% as announced last week. Employee national insurance on monthly earnings […]
Payroll Information From April 2024
National Minimum Wage Changes from April 2024 will be as follows: – Current Year 21 & Over 18 to 20 Under 18 Apprentice April 2024 £11.44 £8.60 £6.40 £6.40 Previous Year 23 & Over 21 to 22 18 to 20 Under 18 Apprentice April 2023 £10.42 £10.18 £7.49 £5.28 £5.28 Income Tax and […]
Changes to National Insurance – January 2024
In November 2023, the government announced changes to employee National Insurance calculation in their Autumn Statement. From January 2024 onwards, employee National Insurance will fall from 12% to 10% for all monthly earnings between £1048 and £4189. This will result in an increase in net pay for all employees who pay National Insurance. Employee National […]
Payroll Changes from April 2023
National Minimum Wage Changes from April 2023 will be as follows: – Current Year 23 & over 21 to 22 18 to 20 Under 18 Apprentice April 2023 £10.42 £10.18 £7.49 £5.28 £5.28 Previous Year 23 & Over 21 to 22 18 to 20 Under 18 Apprentice April 2022 £9.50 £9.18 £6.83 £4.81 £4.81 Income […]
Spring Statement 2022
The Chancellor, Rishi Sunak announced in his Spring Statement that he has unveiled a new Tax Plan to help ease the rising cost of living. The news comes as Rishi Sunak announces a tax cut for UK workers through a rise in the National Insurance thresholds which comes into effect from July 2022. The new […]
Health and Social Care Levy
From 6th April 2022 the rate of National Insurance contributions will rise by 1.25%, as part of the government’s plan to introduce a health and social care levy, where working people contribute to fund the NHS and the social care crisis. Individuals above State Pension age will not be affected by the temporary increase to […]
Payroll Changes from April 2022
National Minimum Wage Changes from April 2022 will be as follows: – Year 23 & over 21 to 22 18 to 20 Under 18 Apprentice April 2021 (current) £8.91 £8.36 £6.56 £4.62 £4.30 Year 23 & Over 21 to 22 18 to 20 Under 18 Apprentice April 2022 £9.50 £9.18 £6.83 £4.81 £4.81 Income Tax […]