UHY Ross Brooke Chartered Accountants
There are a multitude of reasons why payroll can go wrong, and these can have costly consequences for the company and employees alike. Consequences of getting payroll tasks wrong At best, receiving incorrect or late pay for the employee is a temporary irritation; at worst it can lead to serious
The 23 September mini budget announced the scrapping the Health and Social Care Levy and important changes to employee and employer National Insurance Contributions (NICs) that take effect in just six weeks’ time. Software developers are frantically working to make sure that payroll software is ready for the 6 November
The government have announced the rise in the National Minimum Wage and National Living Wage from April 2022. In full, the increases are: National Living Wage (23+) to increase from £8.91 to £9.50 National Minimum Wage (21-22) to increase from £8.36 to £9.18 National Minimum Wage (18-20) to increase £6.56
HMRC are encouraging more employers to payroll employee benefits in kind rather than declaring benefits on the end of year P11D. They have included guidance on registering to use the scheme in their latest employer bulletin. If employers haven’t already done so they should register online now or before 5
On 5 August 2021, the Department for Business, Energy and Industrial Strategy (BEIS) published a list of 191 employers who had breached national minimum wage legislation by underpaying their staff. Collectively, the employers failed to pay £2.1 million to over 34,000 workers between 2011 and 2018. The largest underpayment was