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 […]
The government has announced its intention to make some important changes to aspects of employment law now that the UK has left the EU. Working Time Regulations:- 1. Merging ‘normal’ holiday leave with ‘additional’ holiday leave, to create one entitlement. Although the government does not say this, it may result in the calculation of holiday […]
Marsland Nash Payroll have calculated that the new optimum salary for a director will be £12,579 pa for the financial year ended 5 April 2024. This is due to the alignment of the standard Personal Allowance threshold and Primary NI Band. A salary at this level will incur some Employers National Insurance but the company […]
The government has issued a consultation paper to address the issues arising from the Supreme Court’s judgment last year in the case of Harpur Trust v Brazel. As a result of the Harpur Trust case, part-year workers are entitled to a larger holiday entitlement than part-time workers who work the same total number of hours […]
HMRC have changed their guidance in relation to how we treat P45’s. The normal process was that new employees would provide their new employers with their old employers P45 to incorporate the year to date figures and tax. HMRC have now changed their guidance on this so that the only time a P45 should be […]
For the 3rd time this financial year there are changes in the way National Insurance is calculated for both employees and employers. The percentage increase implemented at the start of the financial year has now been reversed. From 6 November instead of paying 13.25% in National Insurance Employees will now pay 12% and instead of […]
