The government recently announced a delay in making the payrolling of most benefits in kind (BiKs) and expenses mandatory, so that this will now take effect from 6 April 2027 as opposed to 6 April 2026 as previously announced. This gives businesses more time to get familiar with the procedures and requirements that will come … Read more
With significant changes on the horizon for how employers handle Benefits in Kind (BiKs), now is the perfect time to prepare for the upcoming shift. From 6 April 2026, the UK government will mandate the payrolling of most employee benefits in kind. However, employers have the option to voluntarily opt in early. By acting early, … Read more
In this blog, we give you a run-down of all the changes you need to know about for preparing payroll in 2024-25. Tax Rates & Allowances There has been no change to personal allowances or tax bands in England and Wales for 2024-25. In Scotland all bands have altered slightly with starter rate (19%) tax … Read more
It is always important that you are compliant with payroll legislation, but particularly so as an old tax year ends and a new one begins. Last month we brought you a blog all about what you need to do to finish the old tax year, and now this month we identify the actions you need … Read more
Think you know payroll and pensions? Test your knowledge with our fiendish Halloween quiz! Trick or Treat: Employers only have to keep payroll records for the current tax year. TRICK! Employers must keep records of payment and deductions for a minimum of three years from the end of the tax year they relate to. … Read more
Tax codes are used by HMRC to tell an employer how much income tax to withhold through the “Pay as you earn” (PAYE) system. A person’s tax code can change from time to time, based on their personal circumstances. If it does, HMRC will inform the taxpayers of their new tax code by post or … Read more
In this blog, we give you a run-down of all the changes you need to know about for preparing payroll in 2023-24. Tax Rates & Allowances There has been no change to UK-wide personal allowances or basic rate tax for 2023-24. In England and Wales there have however been changes to the higher (40%) and … Read more