The start of the new tax year brought significant changes to legislation. It is also P11D season: these need to be completed soon. Increasing minimum wage From April 2019, the National Minimum Wage (NMW) and the National Living Wage (NLW) rates increased. From 1 April 2019, the hourly rates of pay are as follows: Age … Continue reading New Tax Year, New Tax Rules: Are You Up-To-Date?
New legislation came into force this month regarding employees’ payslips. There are two issues which are being amended: Firstly, under the new system employers will need to provide itemised payslips to every worker on their payroll, not just those classified as ‘employees’. Currently, employers are not obliged to issue payslips to contractors, freelancers, and other … Continue reading What’s on Your Payslip?
This post was originally published on 25 March 2019 and updated on 1 April 2021 for freshness, accuracy and comprehensiveness. Following HMRC updates, directors can increase their current salary without paying tax or National Insurance (NI) contributions. From 6 April 2021, we advise our clients who are directors to increase their current salary to £184/week, … Continue reading Increase to Directors Salary
Beginning the 6 April 2018, employers may be required to increase the amount of contributions into their employees’ Auto Enrolment schemes. The contribution levels will also rise again in a further year’s time, with employers paying a minimum of 3% towards the pension and the total minimum contribution reaching 8%, the employee making up the … Continue reading Auto Enrolment Rolls on for Another Year
Over the course of the next two years Auto Enrolment Pension contribution rates are rising. These changes will affect you as an employer as well as your employees. Currently the total minimum amount is 2% of qualifying earnings, of which the minimum for the employer to pay is 1%. This means that the employee normally … Continue reading The Rising Tide of Auto Enrolment
Barrie Kenyon of Green & Co features in this weeks South Wales Argus discussing how some changes in the new tax year will effect employees as well as employers. The new tax year has seen a raft of changes, with more legislative reform scheduled to come into effect over the next few years. From changes … Continue reading Barrie Kenyon Features In This Weeks South Wales Argus
Payroll staff across the country are gearing up to celebrate National Payroll Week which runs this year from 5th to 9th September. The theme for this year’s event, ‘It pays to learn’, is aimed at encouraging payroll professionals to expand their own financial awareness as well as that of their colleagues, in an attempt to … Continue reading National Payroll Week 2016
With Summer fast approaching, its time for our Summer 2016 edition of the newsletter, this time featuring: Highlights from the 2016 Budget All change for ISAs - new tax-free ways to save The rules governing holiday and pay Business Round-Up Web Watch Reminders for your Summer Diary And much more Click here to read the … Continue reading Newsletter Summer 2016
The much talked about National Living Wage (NLW) was finally introduced on 1st April this year for 25 and overs. While the National Minimum Wage (NMW) will still apply to those under 25, the NLW is a higher rate of pay of £7.20 per hour and is designed to encourage a reduced reliance on state … Continue reading To Pay Or Not To Pay – The National Living Wage
Due to the increase in workers from abroad, now is the time for employers to make sure they are making the right checks on their employees’ eligibility. With a penalty of £20,000 and up to 2 years in prison for knowingly employing an illegal worker, the stakes have never been higher. What can you do … Continue reading Are Your Employees Eligible To Work In The UK?