Pensions and Payroll
New National Living Wage and National Minimum Wage Rates
When did the changes come into effect? 1 April 2021 What are the new rates? What’s changed? The National Living Wage (NLW) will now apply to employees aged 23 and above! The previous age of eligibility was 25, but the
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HMRC Employer Bulletin October 2020
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics including: Coronavirus support schemes and what employers need to do from November onwards National Insurance Number delays Guidance on off payroll working
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Furlough Fraud – act now
Furlough Fraud – time is running out for firms to disclose any incorrect furlough claims, even when these have been made accidentally. The 90 day amnesty period for any claims made before 22 July 2020 comes to an end on
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More than £30 million lost to pension scams
Over £30 million has been lost to pension scams since 2017, according to the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR). A total of £30,857,329 in pension savings has been lost to scammers since 2017, data published by
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HMRC Latest guidance for employers
HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: Coronavirus Job Retention Scheme and what employers need to do from August onwards making sure you are paying the correct
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Furlough fraud – make corrections or face fines!
Taxpayers who have received CJRS or SEISS grants are urged to doublecheck their entitlement as the 90 day period to inform HMRC of any overclaimed amounts is now law. Furlough fraud – Do you need to be worried about overclaimed
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Redundancy packages and tax liability
Redundancy packages are unfortunately at the front of many minds at the moment, with many people asking “Will the taxman get his hands on…
HMRC Delays Introduction Of Off-Payroll Rules To Private Sector
HMRC has delayed the introduction of off-payroll rules to the private sector as part of its measures to support businesses through the COVID-19 pandemic.
Minimum Wage Increases
The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules.
Review Confirms Off-Payroll Working Rules To Go Ahead From April 2020
The government has confirmed that reforms to off-payroll working rules for the private sector will go ahead from 6 April 2020.
IR35 And Your Limited Company
As you are no doubt aware, IR35 is coming in from April this year and in order to help everyone understand how this will impact them we have put together the following points for clarification.
Retiring Clinicians Payments
The Secretary of State has confirmed that the commitments being entered into, to make payments to clinicians affected by annual allowance pension tax, will be honoured when clinicians retire.
