HM Revenue and Customs (HMRC) has reiterated the importance of understanding how the Employment Allowance applies to connected companies. This allowance, which enables eligible employers to reduce their National Insurance contributions by up to £5,000 annually, is subject to specific rules regarding companies that are linked through common ownership or control. What Are Connected Companies? […]
The Employment (Allocation of Tips) Act 2023 and its accompanying statutory Code of Practice will come into force on 1 October 2024. This was confirmed by commencement regulations for the Act and Code of Practice which were laid before Parliament recently. Key features of the Act include: 1. Employers are required to pass on tips […]
The King’s Speech itself made passing reference to “legislation to ban exploitative practices and enhance employment rights”. The Prime Minister’s briefing notes on the King’s Speech give the detail, and at first glance it certainly seems like Labour are hitting the ground running with implementing their ‘New Deal for Working People’ in full. According to […]
The government has announced the annual increase in compensation limits for employment tribunal awards and other statutory payments. They are contained in The Employment Rights (Increase of Limits) Order 2024. The two most important increases are: a. maximum compensatory award for unfair dismissal: £105,707 to £115,115 b. limit on a week’s pay: £643 to £700 […]
As of 6th April 2024 the rate of National Insurance deductions is being reduced from 10% down to 8%. This is the second decrease to the National Insurance percentage rate since 6th January 2024 saving the average worker around £450 per year. The thresholds for National Insurance remain the same meaning that the rate of […]
Our Payroll newsletter is now available – take a look at new rates and changes and other important information…click here to view or go to our Downloads page. […]
The Flexible Working (Amendment) Regulations 2023 have been laid before Parliament. The Regulations remove the requirement that an employee must have 26 weeks’ service in order to be able to make a request for flexible working. The change makes the right to request flexible working a Day One right. This new right is set to […]
The Regulations make the following changes: 1. Employees will be able to take their two-week paternity leave entitlement as two separate one-week blocks (rather than having to take just one week in total or two consecutive weeks) 2. Employees will be able to take paternity leave at any time in the 52 weeks after birth […]
The Workers (Predictable Terms and Conditions) Act 2023 has received Royal Assent and is expected to come into force in September 2024. It introduces a new statutory right for workers to request a more predictable working pattern. Key points to note include: The qualifying period is likely to be 26 weeks’ service although those weeks […]
HM Revenue and Customs (HMRC) continues to enforce the requirement for Real-Time Information (RTI) reporting. Employers are reminded to submit payroll data accurately and on time via the RTI system. RTI reporting facilitates accurate tax calculations and helps HMRC monitor compliance. Timely submission of payroll information is crucial to avoid penalties or potential issues with […]
