On 7th September 2021, prime minister Boris Johnson, announced that a new Health and Social Care Levy will be implemented from tax year 2022/23, therefore will start in April 2022. The new levy will be based on National Insurance contributions and for all working age employees, self-employed and employers, NIC rates will be increased by […] Read more »
Have you been ‘pinged’?
Hundreds of thousands of people in England and Wales have been ‘pinged’ and told to self-isolate by the NHS Covid-19 app in the last few weeks. Have you been ‘pinged’? Whether you MUST self-isolate depends on how you are alerted. If you are pinged by NHS Covid-19 app, it is not a legal requirement that […] Read more »
Further Changes to the Furlough Scheme
Don’t forget the further changes to Furlough scheme from 1 August 2021, when the level of grant will be reduced to 60% and you will be asked to contribute 20% towards the cost of your furloughed employees’ wages. To be eligible for the grant you must continue to pay your furloughed employees 80% of their […] Read more »
Changes to Furlough Pay from 1 July 2021
Don’t forget the changes to Furlough Pay from 1 July 2021, when the level of grant will be reduced and you will be asked to contribute towards the cost of your furloughed employees’ wages. To be eligible for the grant you must continue to pay your furloughed employees 80% of their wages, up to a […] Read more »
Incorrect Tax Codes…is yours correct?
Research of 54,000 UK employees has found that 36% had paid too much tax as a result of being given the wrong tax code in the previous 4 years. This has meant employees have lost out on an average of £204.00 each. Shocking statistics from our perspective as payrollers are: 47% of employees never check […] Read more »
Coronavirus Job Retention Scheme Extended to September
The Coronavirus job Retention Scheme (CJRS) has been extended again from June until the end of September 2021. The UK government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month. The cap affects anyone on an annual salary of £37,500 or more. […] Read more »
Employment Law Changes from April 2021
The employment law changes from April 2021 that will affect your payroll are as follows: Annual free pay allowance increasing from £12500 to £12570 meaning the standard tax code will be 1257L. The 20% basic rate for tax banding increases from £37500 to £37700. The National Insurance weekly earnings limit for employees is £184.00 and […] Read more »