Pensions and Payroll

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…

 Over 9 million people are now saving into a pension The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving into a pension. TPR’s Director of Automatic Enrolment, Darren Ryder, said: ‘I am delighted we have reached this important landmark, Read the full article…

Increase of auto enrolment contributions The minimum contribution that you and your Staff pay into your auto enrolment workplace pension scheme is increasing. It is both yours and our responsibility to make sure these increases are implemented accurately and timely. When do the increases take effect? Minimum contributions are increasing in two phases. The first increase must be in place Read the full article…