In Line Payroll

14/07/2024

Hey all, due to expansion!
I’m looking for a payroll assistant to work along side me 5-6 hours a week. Based in Talbot Green. £12 per hour. Some experience is essential. For further information please email or send your C.V to [email protected]

04/06/2024

In May 2023, HMRC announced that the threshold for filing a self-assessment tax return would increase from £100,000 to £150,000, and this would be effective from the 2023/24 tax year.

For the 2023 to 2024 tax year, the Self-Assessment threshold for customers taxed through PAYE only will change from £100,000 to £150,000.

If you submitted a 2022/23 tax return showing income between £100,000 and £150,000 that is taxed through PAYE and you do not meet any of the other criteria for Self-Assessment, then you will receive a letter confirming that you do not need to complete a tax return.

However, for the 2023/24 tax year, if your income tax through PAYE is below £150,000, but you meet one of the conditions below, you will still need to submit a tax return.

• receive any untaxed income over £2,500
• have a partner in a business partnership
• have to pay the High-Income Child Benefit Charge
• are self-employed individuals with a gross income of over £1,000

From the tax year 2024 to 2025 onwards, the income threshold to complete a tax return for PAYE-only taxpayers will be removed. Customers will still be required to submit a return if they meet any of the other conditions listed above.

13/05/2024

How to apply for an NI certificate!

There has been new guidance published by HMRC on when and how to “Apply for a certificate to confirm you pay UK National Insurance, for instance, when working in a country that has a social security agreement with the UK”.

Where the country has a reciprocal agreement with the UK, the process has now been automated, and allows for the application of new certificates of coverage or extensions to existing certificates.

This form can be used to apply or extend a certificate of coverage if you are any of the below:

1. an employer
2. an employee
3. self-employed
4. an agent acting on behalf of an employer/employee.

To complete the form, you’ll need the following information:

your name, and details of any previous names
National Insurance number
Nationality details
Date of birth
Where you are ordinarily resident
employment or self-employment information, including relevant addresses.
if working on a vessel at sea: the name of the vessel which country’s flag it flies

If you need to extend an existing certificate, you will need to know the date that the coverage expires and detail any changes in your circumstances since the previous application.
If the total period for the existing certificate and the extension is longer than allowed, a signed statement will need to be attached. The statement should detail why you want to continue paying UK National Insurance while working abroad and how it’s in your best interest. This will only apply if you are covered by certain agreements.

To complete the form, you will need to sign in with your Government Gateway user ID and password (if you do not have a user ID, you can create one when you first try to sign in).

01/05/2024

Does gathering information from your new employees slow down your pre-employment checks? Your new recruits can find their 5-year employment and income history in the HMRC app and online. They can then share this with you as part of the onboarding process to get into their new role faster.

This is the quickest and easiest way for them to access their employment details from HMRC. You can accept the digital version as confirmation of previous employment from your recruits as part of your security and employment checks.

13/04/2024

Have you changed your processes to accommodate the changes to flexible working requests from 6 April?

13/04/2024

https://www.cipp.org.uk/resources/news/changes-to-flexible-working-from-6-april-2024.html

Have you changed your processes to accommodate the changes to flexible working requests from 6 April?

07/03/2024

The government has announced a cut to the main rate of Class 1 employee NICs from 10% to 8% from 6‌‌‌ ‌‌April 2024. Taxes for the self-employed will also be cut by a further 2 pence on top of the 1 pence cut to 8% announced at Autumn Statement. This means that from April 2024 the main rate of Class 4 NICs for the self-employed will now be reduced from 9% to 6%.

Another measure the government announced was on the High Income Child Benefit Charge, and an increase to the threshold to £60,000 from 6‌‌‌ ‌‌April 2024, with a taper up to £80,000. The charge will be 1% of the Child Benefit for every £200 of income that exceeds £60,000 and will equal the payment for income that exceeds £80,000.

Your employees may be interested in claiming Child Benefit or restarting Child Benefit payments if they have previously opted out. The charge is tapered, so if they, or their partner, earns between £60,000 and £80,000 it can still be worth their while financially to claim. Claims for Child Benefit can be made in the HMRC app or online and are automatically backdated for 3‌‌‌ ‌‌months, or the date of birth of the child if later.

New guidance on the charge has been published today and you may wish to share this with your employees.

Further information on both the NICs and High Income Child Benefit Charge measures can be found on GOV‌‌‌.UK.

Information on all of the measures announced can also be found on GOV‌‌‌.UK.

For an overview of all the tax legislation and rates announced, read the Overview of tax legislation and rates (OOTLAR).

06/03/2024

The countdown is on to the 2024 Spring Budget!

With lots of important information due to be announced, the CIPP website is where you need to be from midday today!

As the news relevant to payroll professionals is announced, they will update the dedicated Budget Hub page and homepage to ensure you have all the information you need.

Don't miss out on vital information, and be on the website as the Spring Budget starts: https://www.cipp.org.uk/

The Chartered Institute of Payroll Professionals. News, training courses, qualifications, membership and more for UK payroll and pensions professionals.

01/03/2024

Employers need to be aware that National Living and Minimum Wage rates are increasing on 1‌‌‌ April‌‌‌ 2024. Also, the National Living Wage will be extended to workers aged 21 and over (previously only for age 23 and over).

All employers should ensure that their workers are paid correctly, according to the new rates. Businesses can take these simple actions to meet their legal responsibilities and avoid falling foul of the law

• check the new rates on GOV‌.UK

• identify which staff are due the new rate

• update payroll and communicate the changes to staff as soon as possible

• call the Acas helpline to get advice and support on paying workers correctly

• visit the calculating the minimum wage guidance page to view practical advice.

You can find out more by joining one of HMRC live webinars that are taking place throughout March, where a panel of experts will be on hand to answer questions:

Even if you are paying your workers an hourly wage at or above the National Living or National Minimum Wage, you could still be underpaying them. This can easily happen when an employer makes wage deductions, counts tips towards pay, deducts costs of workwear or tools from pay, or doesn’t pay for all time worked.

This year, the 25th anniversary of the National Minimum Wage provides an important opportunity to reflect on the support and commitment that employers continue to offer to their workers.

Increases to the minimum wage support the UK’s workforce and are a key part of the government’s action to support households with the cost of living.

28/02/2024

Did you know that you may be eligible to claim for help towards costs relating to your work, if your employer doesn’t cover these?

Check if you are eligible before making a work expenses tax claim or you may have to pay it back at a later date.

Claiming tax relief on expenses you have to pay for your work, like uniforms, tools, travel and working from home costs.

26/02/2024

Changes to P87 and MATCF for agents from 26 January 2024.

Changes to P87 and MATCF for agents from 26 January 2024.

22/02/2024

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