PAYROLL
Deadline for employers’ final PAYE return for 2018/19
Friday 19th April 2019 is the deadline for employers' final PAYE return to be submitted online for the year 2018-19! As usual your final Full Payment Summary (FPS) should be...
National wage rates from April 2017
National minimum wage and national living wage Both were increased on 1 April 2017 and future increases in both will be on 1 April each year. National Living Wage for those...
Having trouble with National Insurance numbers (NINOs)?
This seems to be one of those matters that was not thought through at the time! In the summer HMRC started issuing NINOs with a KC prefix. The problem was that these were not...
Salary sacrifice schemes
The tax and national insurance savings will be removed for all benefits provided this way apart from those relating to pensions (including advice), childcare, cycle to work...
National minimum wage from 1 October 2016
In case you missed it the rates went up again from 1 October 2016! For workers aged 21 and over it has risen to £6.95 per hour, persons aged between 18 and 20 now must receive...
RTI and the three day late filing easement
Having said this would be abolished, HMRC have now said this will continue until 5 April 2017 but do not continually file the Full Payment Submission (FPS) late as persistent...
Salary sacrifice
Salary sacrifice schemes are used to save employers and employees tax and national insurance. An employee gives up some of their salary in exchange for a benefit in kind or...
Student loans have become more complicated!
If you run a payroll beware that there are two types of student loan plans – plan 1 and plan 2. Plan 2 only applies to England and Wales. The threshold for plan 1 is £17,495...
Payrolling benefits
Mentioned before we believe but a reminder that if you have an informal agreement to payroll benefits in kind, you need to reapply before 6 April 2016 to do so for the year...
Starter checklist for new employees
HMRC advise that it is good practice for starters to complete a starter checklist, which replaced the P46, where they do not have a P45 to give to their new employer. This...
Staging dates and auto-enrolment for pensions – directors
If a director-only company is exempt but receives a staging date notification from The Pensions Regulator, then the company needs to apply for the exemption. If a...
Payrolling benefits in kind
Employers who wish to use this service to payroll employee expenses and benefits instead of submitting forms P11D must register before 5 April 2016. This hopefully will reduce...
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