Apr 24, 2023 | Government AnnouncementsPAYE and NI
HMRC is raising awareness of the rules surrounding tax on termination payments. The tax authority's latest agent update stresses that employers should be careful when finalising severance packages to ensure they stay compliant with legislation changes. The Government...
Apr 3, 2023 | Government AnnouncementsPAYE and NI
The national living wage is increasing from £9.50 to £10.42 per hour in April - the most significant annual rise since its introduction in 1999. This 9.7% pay rise will affect around 2 million workers aged 23 and over, up from 1.6m in 2022. Employees aged between 21...
Feb 24, 2023 | PAYE and NI
Recent processing delays at HMRC mean employers must allow more time to set up new direct debits for PAYE. According to the Institute of Chartered Accountants in England and Wales (ICAEW), employers will now need to set up any new variable direct debits at least nine...
Feb 13, 2023 | PAYE and NI
Taxpayers are being urged to check their National Insurance contribution (NIC) records before 5 April when HMRC will reduce the number of years they can backdate contributions. Taxpayers can currently make voluntary contributions to plug gaps back to April 2006, but...
Feb 1, 2023 | Government AnnouncementsPAYE and NIPersonal Tax
Around 2.7 million customers were yet to file their self-assessment tax return with just hours to go before the deadline at midnight on Tuesday (31 January). Over 9 million taxpayers have already submitted and paid their tax returns for the 2021/22 tax year ahead of...
