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 […]
MNP Newsletter – February 2024
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. […]
Flexible Working (Amendment) Regulations
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 […]
Proposed changes to Statutory Paternity Pay
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
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 […]
Payroll Reminders
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 […]
Working Time Regulations – intended changes
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 […]
Director Optimum Salary 2023/2024
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 […]
Holiday Pay – Government Consultation
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 […]
P45’s
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 […]
