Since Automatic enrolment will affect many more small employers in the next couple of years, there is some confusion regarding those companies with only one or two directors. We recently spoke to The Pensions Regulator who gave us their clarification on this. The Pensions Regulator will write to ALL employers informing them of their staging […] Read more »
New Holiday Pay Ruling
Hitting the headlines this month is the result of 3 Employment Appeals Tribunals (EAT) regarding the calculation of holiday pay. The workers won and the employers lost and the ruling means that where you require staff to work overtime, you must now include the overtime pay in the holiday pay calculation for the first 4 […] Read more »
HMRC delays RTI late filing penalties
From 6th October 2014, HMRC introduce automated penalties for late in-year filing of RTI submissions. However, there is now a respite for small employers as HMRC have delayed these new penalties for employers with fewer than 50 employees until 6th March 2015. HMRC have sent electronic messages to all employers telling them when the penalties […] Read more »
RTI: The importance of reporting Hours Worked
From October 2013, the new Universal Credits system will start to be introduced around the UK. This new benefits system will replace income support, housing benefit, job seekers allowance and employment and support allowance. Then, from April 2014, workers who are currently claiming tax credits will claim universal credits instead. It is therefore crucial that […] Read more »
RTI…Is it working so far?
Since RTI started, we are told that the majority of employers have come on board and have been submitting successfully and all is working well. However, for many employers this has not been the case, and although they have reported RTI correctly, they have been inundated with apparent underpayments due to discrepancies between the employers […] Read more »
HMRC confirms number of RTI non-filers
Hundreds of thousands of companies have so far failed to report Real Time Information (RTI) to HMRC. HMRC say that 300,000 schemes have not made the switch to RTI as at 5th June. As a result those companies have been sent letters informing them of their legal requirement to have filed PAYE in real time […] Read more »
Wrong Payroll Dates for RTI?
Now that RTI is in it’s third month since going live, the reporting of PAYE in real time has highlighted to HMRC that some employers are not operating PAYE correctly. Employers must ensure that PAYE is calculated and reported according to their actual payment date: NOT the date the payroll is run and NOT the […] Read more »
Budget News
Personal Allowances The latest budget has confirmed that the basic personal allowance will be increased from the current £8,105 to £9,440 for 2013/14. The Coalition Government plan to ultimately raise the allowance to £10,000 from 2014/15. The additional tax rate of 50% is reduced to 45% for 2013/14 for taxable income over £150,000. National Insurance […] Read more »
Tax Year End Procedure 2013
The end of another tax year is approaching. This is a busy time for payrollers and there are numerous payment and reporting deadlines to be met if penalties are to be avoided. It is vital that employers and their agents understand what needs to be done and when, and that they have all the required […] Read more »
New Starters and RTI
With RTI imminent, the way employers report new starter information to HMRC will change. You will no longer submit P45s or P46s as all starter information will be reported on the first Full Payment Submission (FPS) for those employees. Previously, a new starter would provide their new employer with either a P45 or a P46 […] Read more »