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At the start of the new tax year in April 2021, the thresholds for student loans increased, which will affect employees that are repaying their academic fees. The thresholds are: Student loan Plan 1 increased from £19,390 to £19,895 from this date, Employees on Plan 2 saw their student loan threshold rise from £26,575 to … Read more

Commonly known as the Furlough Scheme, but correctly called Coronavirus Job Retention Scheme, it has provided an essential lifeline to employers, helping them shoulder the employment costs for employees who were unable to work or who work reduced hours due to the restrictions imposed because of Covid-19. Currently, the scheme comes to an end in … Read more

In our experience, holiday pay, who is entitled to it and how it is calculated is often a source of confusion, especially in smaller companies where there is often not a separate HR or payroll department, so here ios a quick summary. Who is entitled to holiday pay? All workers – including casual, part time … Read more

HMRC’s off payroll working rules – known as IR35 – apply to those who ‘work’ for a company, without being employed by it – usually a contractor of some sort. It mainly applies to those who do most of their work for that company to the extent that to all intents and purposes they are … Read more

Calculating pay can be complicated, especially during the last 12 months because of the Furlough scheme. The key, of course, is for us to take everything off our clients’ desks and deliver what they need quickly and accurately, so they can get on with running their business. We have the experience and expertise to deal … Read more

Redundancy is likely to be a growing consideration for many businesses during this difficult Covid-19 period, especially as the Coronavirus Job Retention Scheme (CJRS) draws nearer to closing at the end of October 2021. If you do have to make people redundant, you must pay redundancy pay to employees who have an employment contract and … Read more

The Government has confirmed that the age from which workers become eligible for the national living wage will reduce to 23 (from 25), from April 2021 In his comprehensive spending review in November 2020, the Chancellor Rishi Sunak confirmed that the national living wage (NLW) will increase 2.2% to £8.91 from 1 April 2021 and … Read more

With more people working from home due to Coronavirus, it is worth a reminder that you can claim Tax Relief for additional household costs You may be able to claim tax relief for additional household costs if you have to work at home on a regular basis, either for all or part of the week. … Read more

The Government has announced the National Living Wage (NLW) and National Minimum Wage (NMW) rates which will come into force from April 2021. It accepted in full recommendations made by the Low Pay Commission at the end of October. The National Living Wage will increase by 2.2 per cent from £8.72 to £8.91 and will … Read more

The Chancellor Rishi Sunak extended the Job Retention Scheme (CJRS) in November, which will have a major effect on both employers and payroll departments.  In this article we look at the initial guidance and note that there will be further review for guidance from February 2021 onwards. CJRS will now remain open until 31 March … Read more