A bi-monthly magazine for employers and agents that gives up-to-date information on payroll topics. HMRC’s Employer Bulletin gives a detailed update on all current and future guidance, not least because things are forever moving and changing quickly.

If you are a client of ours, of course, you don’t need to worry about any of this. We get these bulletins and make sure all the changes are implemented, so you don’t have to.

The latest Employer Bulletin (March 2024) contains many updates and includes:

New guidance on changes to the High Income Child Benefit Charge has been published.

PAYE

• Spring Budget — 2024 National Insurance contributions rate changes from 6 April 2024

• paying PAYE

• PAYE Settlement Agreement payment

• National Minimum Wage

• notice of changes to PAYE, Real Time Information and Self Assessment returns — technical consultation on draft regulations

• Investment Zone employer National Insurance contributions relief

• reporting expenses and benefits for the tax year ending 5 April 2024

• mandating the payrolling of benefits in kind from April 2026

Tax updates and changes to guidance

• plant and machinery allowances 

• basis period reform — reporting on a tax year basis

• Construction Industry Scheme

General information and customer support

• claiming tax relief on work related expenses — don’t get caught out by bad tax advice

• Raising Standards in the Tax Advice market — strengthening the regulatory framework and improving registration consultation

Above is the latest update from 5th April 2024, that’s how quickly things change! It’s enough to put you off payroll for life, isn’t it? Which is why we are here to take it off your desk. Contact us if you are interested in outsourcing your payroll.