NICs increase has immediate impact on businesses
Four out of five employers stated that they were immediately impacted by the increase in national insurance contributions (NICs), according to research by the British Chambers of Commerce (BCC). The…
Payroll
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including: PAYE paying Class 1A National Insurance contributions due on 22 July…
HMRC issues £14 million in penalties for minimum wage offences
HMRC issued 580 penalties totalling over £14 million for minimum wage offences during 2020/21, according to a report released by the Department for Business, Energy and Industrial Strategy (BEIS). The penalties given…
Government inaction on long COVID could cost billions
There are now more than a million workers missing from the workforce compared to pre-pandemic figures, according to a report published by the IPPR think tank. About 400,000 of these are…
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics including: Forthcoming deadlines Claiming employment allowance from April 2022 Student loans Coronavirus…
Chancellor announces Spring Statement
Chancellor Rishi Sunak announced a 5p per litre cut in fuel duty for petrol and diesel in the 2022 Spring Statement. The government says it is the largest ever cut on all…
Spring Statement Summary & Tax Tables 2022/23
The Spring Statement was not meant to be a March mini-Budget, despite what many headlines in the days before suggested. Mr Sunak believes in the once-a-year approach to major tax…
Spring Statement 2022 Headlines
Today the Chancellor Rishi Sunak gave his Spring Statement which is usually of little significance compared to a Budget. But with Easter around the corner he pulled several rabbits out…
Coronavirus SSP Rebate Scheme set to close on 17 March
The Statutory Sick Pay Rebate Scheme (SSPRS) will close on 17 March 2022. The SSPRS was reintroduced by the government on 21 December 2021 for employers with fewer than 250 employees. The maximum…
April 2022 National Minimum Wage and National Living Wage changes
The beginning of April sees the annual increases in the National Minimum Wage (NMW) and National Living Wage (NLW) as outlined below. Rate from 1 April 2022 Previous…
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