HM Revenue and Customs has informed employers as part of the February 2023 Employer Bulletin of changes to reporting benefits. Employers must register now Reporting expenses and benefits for the tax year ending 5th April 2023 From 6th April 2023 HMRC will no longer accept new informal payrolling benefits arrangements. For those employers who have informal payrolling … Continue reading Major changes to reporting benefits
Category: Featured
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Chancellor Jeremy Hunt released the details of the Autumn Statement today. See the main points here.
Monday 8th May, following His Majesty King Charles III’s Coronation on 6th May, will be a national bank holiday. This bank holiday will operate in the same way as other bank holidays, and there is no statutory entitlement to time off. Employers may include bank holidays as part of a worker’s leave entitlement. The bank holiday will take place across the United Kingdom.
The Prime Minister Rishi Sunak and the Chancellor Jeremy Hunt have agreed that the Autumn Statement will now be delivered on 17th November 2022 along with the Office for Budget Responsibility (OBR) forecast. The statement will set out the United Kingdom’s medium term fiscal plan. [learn_press_profile]
Liz Truss has resigned as Leader of the Conservative Party, and by extension, Prime Minister.
Earlier today the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, brought forward a number of measures from 31 October’s Medium-Term Fiscal Plan. The measures are designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline.
The Prime Minister, Liz Truss, has confirmed that Corporation Tax will rise next April, in line with the previous government's plans.
The Chancellor has confirmed that the 'Medium-Term Fiscal Plan' (a Budget) will be announced on October 31st.
Prisoners in England have begun high-quality apprenticeships this week in a bid to cut crime following a change in the law.
Speaking earlier on BBC Breakfast, Kwarteng confirmed that after consultation with the Prime Minister, the controversial move would be reversed. Pressure had been growing over the last week from all sides of the political spectrum, as to the logic in cutting the 45% tax rate during a cost of living crisis.
The Chancellor today (Friday 23 September) unveiled his Growth Plan to release the huge potential in the British economy by tackling high energy costs and inflation and delivering higher productivity and wages.
Almost 400,000 people working for over 11,000 real Living Wage Employers throughout the country are set for a vital cost-of-living pay boost, as the new Living Wage rates rise to £10.90 an hour across the UK (£1 increase), and £11.95 an hour in London (90p increase), supporting workers and families. This year’s Living Wage rates have been brought forward in recognition of the sharp increase in living costs over the past year.
The 1.25 percentage point rise in National Insurance will be reversed from 6 November, the Chancellor Kwasi Kwarteng has announced today (22 September).
Monday 19 September, the date of Her Majesty Queen Elizabeth II’s State Funeral, will be a national bank holiday. This will allow individuals, businesses and other organisations to pay their respects to Her Majesty and commemorate Her reign, while marking the final day of the period of national mourning. This bank holiday will operate in the same way as other bank holidays, and there is no statutory entitlement to time off. Employers may include bank holidays as part of a worker’s leave entitlement. The bank holiday will take place across the United Kingdom.
Jersey propose a temporary reduction of 2% for the Class 1 Social Security contribution rate
The Government has announced plans to help prisoners learn the skills they need to stay on the straight and narrow as the latest phase of the government’s plan to deliver 20,000 new prison places gets underway.
The Department for Education (DfE) today (10 August 2022) confirmed annual updates to interest rates and repayment thresholds for Income Contingent Student Loans, and the interest rates and deferment threshold for Mortgage Style Student Loans.
Collective Defined Contribution pension schemes, or CDCs for short, will offer an alternative to the UK’s two primary pension scheme models, Defined Contribution (DC) and Defined Benefit (DB).
The Low Pay Commission (LPC) today publishes a report on non-compliance and enforcement of the minimum wage in Leicester’s textiles manufacturers. Since 2020, multiple agencies have carried out large-scale joint enforcement operations in Leicester, partly in response to persistent reports of exploitation and underpayment. Low Pay Commissioners heard evidence on the forces driving non-compliance and what enforcement bodies have found.
Today, 20th July, the United Kingdom Supreme Court has outlawed the 12.07% method for calculating holiday pay.
ExCeL London becomes Accredited Living Wage Employer The Royal Docks receives formal recognition from the Living Wage Foundation for Making a Living Wage Place Key step in Mayor Khan’s plan to Make London a Living Wage CityAim of increasing the number of Royal Docks accredited Living Wage Employers by 50% by 2025 Community-led Royal Docks … Continue reading ROYAL DOCKS SEEKS TO EXCEL AS A LIVING WAGE PLACE
The number of working women has now reached 15.7 million – a rise of 2 million since 2010 with more women progressing into senior, higher-skilled jobs.
new pay protection laws on minimum wage for thousands of seafarers regularly entering UK waterslaws will prevent firms undercutting fair pay for seafarers by using legal loopholes to pay low wagesgovernment publishes response to the consultation on Seafarers’ Wages Bill The UK government introduced new legislation on 6th July 2022 to make sure seafarers get paid at least … Continue reading Bill ensures thousands of seafarers receive fair pay
Government backs laws providing additional paid leave to parents whose babies require neonatal care after birthreforms will allow parents to spend more time providing crucial care for their baby instead of worrying about returning to work or having to take unpaid leaveBusiness Minister Jane Hunt: “I hope we can take one concern off the minds … Continue reading Parents whose babies require neonatal care to receive paid leave under new law backed by government
Government backs new reforms making it unlawful for employers to withhold tips from staff. New legislation to make it unlawful for employers to withhold tips from staffit means customers will know for certain that all tips will go to hard-working employees, who will take home more moneythe Tipping Bill will benefit more than 2 million … Continue reading New law ensures all staff keep their tips
The country’s most outstanding apprenticeship employers for 2022 have been recognised for their vital work boosting career opportunities for more people.
The government has published the latest National Living Wage report, measuring the effect on jobs & the wider economy. The headlines have been included below, the full report is attached at the bottom of the page.
Adrian Benedict Sacco, 55 and originally from Malta, has been disqualified after running an umbrella payroll services company with links to the Isle of Man, potentially costing the public purse millions in unpaid income tax, National Insurance Contributions and Corporation Tax.
Over 347,000 unemployed people on benefits have found work in just four months through the government’s Way to Work campaign – an ambitious national push to get half a million more people into jobs by the end of June.
Do you operate a banded pension scheme using qualifying earning? Have you checked that the start and end points meet the requirements in operation for pay reference periods commencing 6th April 2022. Since the introduction of pension AE the qualifying earnings Lower Threshold has matched the National Insurance Lower Earnings Limit (LEL). Often pension schemes would … Continue reading Check your Auto Enrollment Pension scheme
Government promises to introduce new National Minimum Wage legislation in response to P&O sackings.
The Chancellor delivered a Spring Statement today that puts billions of pounds back into the pockets of hard-working people – unveiling a new Tax Plan to ease the rising cost of living and to deliver the biggest cut to personal taxes in a quarter of a century.From:HM TreasuryPublished23 March 2022
The Spring Statement 2022 speech as delivered by Chancellor Rishi Sunak
The Chancellor, Rishi Sunak, has announced an increase in the Primary Threshold (PT); meaning lower paid workers will pay less National Insurance.
Tax credits and Child Benefit customers who receive their payments into a Post Office card account have just 2 weeks left to switch their accounts.
Join us for the Spring into Action Webinar on March 25th, 1-2pm.
Regulations making COVID-19 vaccination a condition of deployment in health and social care will be revoked on Tuesday 15 March, the Health and Social Care Secretary has confirmed today (Tuesday 1 March).
The Statutory Sick Pay Rebate Scheme will close on 17 March 2022. You have until 24 March 2022 to submit any new claims for absence periods up to 17 March 2022, or to amend claims already submitted.
The devolved government has brought Northern Ireland into line with the rest of the UK.
HMRC is reminding married couples and those in civil partnerships to sign up for Marriage Allowance this Valentine's Day and share their personal tax allowances.
The ‘Build the Future’ theme returns for its second year, with over 1,200 events taking place across England to showcase the benefits of apprenticeships.
From today (Tuesday 8 February), those who are capable of work will be expected to search more widely for suitable available jobs from the fourth week of their Universal Credit claim, rather than up to three months as was previously the case.
Statement, as delivered by Chancellor Rishi Sunak, on 3 February 2022.
More than 10.2 million customers filed their 2020 to 2021 tax returns by the 31 January 2022 deadline, HM Revenue and Customs (HMRC) has revealed.
The Department for Education (DfE) has confirmed the annual updates to the thresholds of post-2012 and postgraduate Income Contingent Student Loans.
A new ‘Brexit Freedoms’ Bill will be brought forward by Prime Minister Boris Johnson, to mark the two-year anniversary of 'Getting Brexit Done'.
In December 2021, the government made regulations to extend the self-certification period for sickness absences from 7 days to 28 days. This was a strictly time-limited change to support the government priority to increase GP capacity immediately and enable GPs to focus on the coronavirus vaccination booster programme.
Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, latest HM Revenue and Customs (HMRC) figures show, which display a downward trend in reports overall throughout the past year.
Aamer Aslam, 39 from Huddersfield, and Razwan Ashraf, 31 from Keighley, were co-directors of Scholars Academy Ltd based in Brighouse, West Yorkshire. They have been disqualified for 11 and 10 years respectively.
The Statutory Sick Pay Rebate service is now open. Employers with less than 250 employees (30th November 2021) & paid SSP to employees for coronavirus related absences, could be due financial support. Employers can reclaim up to two weeks' SSP they have paid to their employees, at the relevant standard weekly rate of £96.35, for any eligible periods of coronavirus-related sickness from 21 December 2021.