Pensions and Payroll

The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and ‘negligent trustees’. Research carried out by the Service found that criminals use a range of tactics to convince savers to part with their funds, including persuading individuals to access their pension and invest in unregulated schemes. Pension scam victims lost an average of Read the full article…

The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this total amount. TPR is now starting to write to all employers to remind them of their duties. TRP website provides Read the full article…

HMRC has issued the October 2018 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues. The articles cover a number of areas including: clarification of the rules regarding paying employees when the regular payday is a non-banking day dealing with PAYE Settlement Agreements and new procedures to accommodate Scottish income tax rates Construction Industry Read the full article…

The Autumn Budget 2018 announced that changes to off payroll working in the private sector would not be introduced before 2019/20 tax year, and even then would only apply to large and medium sized businesses. We have had questions from a number of our contractor clients who are concerned about what any changes in relation to IR35 legislation may mean Read the full article…

HMRC has announced that they achieved record enforcement results this year, identifying £15.6million of minimum wage underpayments. The number of workers identified as underpaid was double that in 2016/17 and the highest number since the National Minimum Wage came into force. The figures reveal: a record £15.6 million of underpayment identified for more than 200,000 workers employers fined £14 million Read the full article…

HMRC has published the latest edition of the Employer Bulletin.   This guidance for employers, and their agents, includes articles on:   Reporting your payroll information accurately and on time Irregular payments and completion of Full Payment Submissions Starter Declaration on a Full Payment Submission (FPS) PAYE Settlement Agreements and Scottish Income Tax National Living Wage and National Minimum Wage Read the full article…

Aviva have announced further delays with the production of consolidated tax vouchers on their platform. Due to a technical issue pensions provider Aviva announced last week that they are still unable to run their automated process for clients’ consolidated tax vouchers which would normally have been sent in July following the end of the previous tax year. Aviva have not yet advised Read the full article…

As our newest edition to the team we thought we’d take the opportunity to introduce you to Sandra our new Payroll Manager. Having always worked in a Payroll Bureau environment she is bringing with her 29 years worth of experience! For those of you who have already spoken with Sandra, we’re sure that you have realised she isn’t a local Read the full article…

IR35 is already affecting the public sector and generating substantial additional income for the Government – HMRC legislation to rule this out to the private sector is now open for consultation. Have your say! HMRC has launched a consultation on how to tackle non-compliance with the off-payroll working rules in the private sector and are asking for comments on the Read the full article…

Important information regarding auto-enrolment and re-enrolment It’s hard to believe that auto-enrolment was introduced three years ago already! For those smaller businesses who only implemented auto-enrolment a short time ago, it seems there have already been a number of changes and updates. Here’s just one more for you: Every three years you must put certain members of staff back into Read the full article…