Self Employed, Employed and Holiday Pay
In the UK, most workers are entitled to 5.6 weeks of paid holiday per year, with part time workers the same, pro-rata. Self employed workers, of course, are not covered by this statutory regulation, but what happens when there is an issue over whether someone is employed or self employed? A recent case where this debate took place ended up with a man, whom a company believed was self employed, was awarded 13 years of backdated holiday pay, on the basis that he had really been an employee. The...
Late Payment Penalties for PAYE
HM Revenue and Customs charges late payment penalties on PAYE amounts that aren't paid in full and on time. This article details what these penalties are for and how much they can be. What do the late payment penalties cover? The answer, of course, is pretty much everything to do with PAYE, including: monthly, quarterly or annual PAYE Construction Industry Scheme (CIS) deductions Class 1 National Insurance contributions (NICs) annual payments of employers? Class 1A and Class 1B?NICs student...
Key Payroll Changes from the November 2017 Budget
Outsourced Payroll Services and The Budget HMRC introduce many changes that affect payroll during any given year. The biggest set of changes, of course, are proposed when the Chancellor stands up and presents the budget proposals. These are the key payroll proposals that Philip Hammond introduced on 22nd November. Personal Allowance Changes The UK's standard personal allowance - the amount of tax-free income an employee with a salary up to £100,000 can earn - is to rise to £11,850, up from...
Payroll Services and Minimum Workplace Pension Contributions
From April 2018 Minimum Workplace Pension Contributions are increasing All employers should have received a letter from the Pensions Regulator, recently, telling them that the minimum amounts that they and their staff need to pay into their automatic enrolment workplace pensions schemes is increasing from April 2018. This article look at the detail. The increases only apply if employers have put their staff into a pension scheme for automatic enrolment, in which case at least the minimum...
Payroll Services and the Married Tax Allowance
The Marriage Tax Allowance - Millions are Missing Out As Payroll Services specialists we're often asked if there are any easy - and legal - ways of increasing take home pay. The answer is yes: The Marriage Tax Allowance. If you're married, or in a civil partnership, then the government's Marriage Tax Allowance introduced in April 2015 could provide a tax break of up to £662 for doing nothing other than applying for it. And yet it is estimated that over 1.9 million of the 4.2 million eligible...
