The 2022 Spring Statement increased the NI threshold, however the way this has been done is not straightforward. How does the change affect small company’s profit extraction planning for 2022/23? Head of Payroll Joanne Gibson provides detailed advice. The Chancellor committed to this rise on the basis that health and social care needs to be...

Lots of employees don’t understand how their tax code is made up and they are likely to come to you when they have a question or a problem. What do you need to know to help them? Head of Payroll Joanne Gibson advises. When do codes change? There are several fixed occasions annually when tax...

The government aims to raise £12billion by introducing a new 1.25% levy on both earned income and on employers’ wage bills to raise funds for the NHS and adult social care. From April 2022, the new Health and Social Care Levy (HSCL) comes into effect. It might be called a levy, but the HSCL is...

Of course all businesses want to keep costs down and having a robust system in place for checking employee expense claims should be part of that regime. But what are the requirements to meet HMRC’s standards? Our Head of Payroll, Joanne Gibson advises. Self-policing expenses policy Generally, HMRC isn’t concerned about the amount that you...

The Pensions Regulator is concerned that employers may have ignored vital routines and compliance activities during the pandemic. What are the key areas to focus on now? In the early days of the pandemic The Pensions Regulator (TPR) relaxed its compliance stance, recognising the pressure businesses were under, but it’s now a return to business...

The government has introduced an NI exemption to encourage employers to take on former military personnel. If this is something you’d like to support, what are the key considerations? Head of Payroll Joanne Gibson advises. Overview The government made a commitment at the last election to better support veterans in their transition to civilian employment....

REVERSE CHARGE FOR BUILDERS Q. I am a builder, and my cash flow has been badly hit by the new reverse charge rules. This is largely because I am no longer being paid VAT by my builder clients to use as working capital until my quarterly VAT return is due. Is it possible to issue...

From 1st July 2021, employers must now pay part of employees’ furlough wages as the Coronavirus Job Retention Scheme (CJRS) starts to wind down. What do you need to know? Head of Payroll Joanne Gibson advises. For claim periods ending on or before 30 June 2021 you could claim (from the CJRS) 80% of an...

On budget day (or 3 March 2021 for those of you who didn’t have this in the diary) the Chancellor confirmed that the Coronavirus Job Retention Scheme (CJRS) will now run until 30 September 2021. Up to and including 30 June 2021 you can claim, and must pay the employee, 80% of their reference pay...

The government has just announced the national living wage (NLW) and national minimum wage (NMW) rates which will come into force from April 2021. What are they? The NLW will increase by 2.2% from £8.72 to £8.91 per hour. For the first time it will cover those aged 23 and 24. Here are the rates...