Apr 26, 2021 | PAYE and NI
Tax receipts and national insurance contributions totalled £584.3 billion for the tax year 2020/21, £49.1bn lower than in the same period last year, Government figures show. HMRC reported that VAT suffered the most, falling by £28.8bn (22%), attributable to the VAT...
Apr 15, 2021 | PAYE and NI
The Government launched a National Insurance holiday for employers who recruit armed forces veterans in a bid to help ex-Service members rejoin the workforce. The scheme, which launched on 6 April 2021, allows employers to claim National Insurance contributions (NICs)...
Apr 6, 2021 | PAYE and NI
Around two million low-paid workers in the UK will see a pay rise following increases to the national living wage and national minimum wage. The national living wage increased by 2.2%, from £8.72 to £8.91 an hour on 1 April 2021, as well as being extended to people...
Aug 21, 2020 | PAYE and NI
Around one in eight workers were still covered by the coronavirus job retention scheme as it began to be phased out at the start of August, data from the Office for National Statistics (ONS) shows. Between 27 July and 9 August 2020, 12% of workers were on furlough...
Jul 31, 2020 | PAYE and NI
The Government has closed a loophole which enabled employers to make furloughed staff redundant on reduced pay under the job retention scheme. The new law kicked in on 31 July 2020 to ensure furloughed workers who are made redundant receive redundancy pay based on...
