As we move into the start of 2026, it is not that long until the current 2025-26 tax year comes to an end and there are a number of payroll annual reporting obligations that must be completed. This
Category: Payroll
Process of paying employees currently employed by a company.
P45s, P11Ds and P60s – what are they?
Most employees will come across forms such as the P45, P11D and P60 during their working life, and knowing what each one is for can make it much easier to keep track of your tax position. A P45 is
What counts as working time for minimum wage purposes
Employers must ensure they are paying staff at least the National Minimum Wage (NMW) or National Living Wage (NLW). The NMW and the NLW are the minimum legal amounts that employers must pay their
Fixing problems with running payroll
Employers must report pay and deductions correctly to HMRC, but errors can usually be fixed in your next FPS. Employers need to use payroll software or other payroll services to record employees pay,
Setting up a payroll scheme
Registering for payroll is essential when hiring staff. From HMRC registration to legal compliance, getting payroll processes right ensures your team is paid correctly and your business avoids
Reversal of requirement to report more detailed employee hours paid
The government has scrapped plans for detailed PAYE reporting of employee hours from April 2026, citing concerns over cost, complexity, and practicality. Employers will stick with current rules. As
Mandating the Payrolling of benefits in kind update
HMRC has delayed mandatory payrolling of benefits in kind by a year to April 2027, giving employers and software providers more time to prepare. Penalties will be eased in the first year. The
Advanced Payroll Reporting Techniques to Streamline Your Business Operations
Advanced Payroll Reporting Techniques to Streamline Your Business Operations Accurate payroll reporting is vital for any business looking to enhance efficiency and accuracy. By implementing advanced payroll reporting techniques, you can significantly streamline payroll processes and reduce errors. This not only ensures that your employees are paid correctly but also helps you stay compliant with … Continue reading Advanced Payroll Reporting Techniques to Streamline Your Business Operations
Choosing the Right Payroll Service for Your Small Business: A Guide to Streamlined Employee Management
Choosing the Right Payroll Service for Your Small Business: A Guide to Streamlined Employee Management Choosing the right payroll service for your small business is a crucial step in managing your operations efficiently. With many options available, it can be daunting to decide which service meets your unique needs. Selecting a payroll provider that understands … Continue reading Choosing the Right Payroll Service for Your Small Business: A Guide to Streamlined Employee Management
Autumn Budget 2024 - Minimum Wage increases
The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage rates on the eve of the Budget. The Chancellor confirmed that the government has accepted in full the
The Best Payroll Systems for Businesses with Over 10 Staff to Ensure Accurate Tax and NI Contributions
The Best Payroll Systems for Businesses with Over 10 Staff to Ensure Accurate Tax and NI Contributions For businesses with more than 10 staff, managing payroll can become complex and time-consuming. Choosing the right payroll system ensures accurate tax and National Insurance contributions, helping you avoid costly mistakes. The right software can streamline your payroll … Continue reading The Best Payroll Systems for Businesses with Over 10 Staff to Ensure Accurate Tax and NI Contributions
How to Minimise Payroll Tax Liabilities While Expanding Your Team Effectively
How to Minimise Payroll Tax Liabilities While Expanding Your Team Effectively As your business grows, managing payroll taxes can become more complex and costly. You can effectively minimise payroll tax liabilities while expanding your team by optimising your business structure and utilising tax incentives. Understanding the nuances of payroll tax regulations will allow you to … Continue reading How to Minimise Payroll Tax Liabilities While Expanding Your Team Effectively
Starter checklist for PAYE
When hiring a new employee, employers must determine the appropriate tax code and starter declaration for their payroll software. Using incorrect tax codes can result in the new employee over or
Employing under 16-year-olds and young workers
When a new employee is added to the payroll it is the employers’ responsibility to ensure they meet the employees- rights and deduct the correct amount of tax from their salary. This includes any
Statutory redundancy pay
If you have been in the same job for two years or more and are made redundant you will usually be entitled to redundancy money. The legal minimum that you are entitled to receive is known as
Employing staff for the first time?
There are a number of rules and regulations that you must be aware of when you employ staff for the first time.
HMRC-s guidance sets out some important issues to be aware of when becoming an
Termination payment clearance process
The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions (employer (NICs)) by
More about emergency tax codes
The letters in an employee-s tax code signify their entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually and help employer-s work out how much tax to
A reminder that NLW and NMW rates are increasing
A reminder for our readers that the National Living Wage (NLW) and the National Minimum Wage (NMW) rates will increase with effect from 1 April 2024.
The increase will see the NLW rate increased to
Reporting early payment of wages before Christmas
There is a permanent easement in place for employers to report PAYE information in real time over the Christmas period. This can be for a number of reasons, for example, during the Christmas period
Increase in National Living Wage
The Chancellor of the Exchequer, Jeremy Hunt, confirmed that the government has committed to the proposals of the Low Pay Commission for increasing minimum wage rates from 1 April 2024. The actual
Key HMRC Deadlines for July and August 2023 You Need to Know
Key HMRC Deadlines for July and August 2023 As we step into July and August 2023, it's essential to stay updated with the upcoming deadlines from HM Revenue and Customs (HMRC). Here's a comprehensive guide to help you navigate these crucial dates and ensure that your business remains tax compliant.1 July 2023 - Corporation TaxThe … Continue reading Key HMRC Deadlines for July and August 2023 You Need to Know
How to best pay yourself as a UK company director
As a new company director in the UK, you are likely wondering how to best pay yourself through your company. You have several options for transferring company profits into personal income, including salaries, dividends, and investments. This post outlines the pros and cons of each, and gives you the information you will need to make … Continue reading How to best pay yourself as a UK company director
Eligibility for Employment Allowance 2023
If you're a business owner in the UK, you may be eligible for the Employment Allowance, which can help you save money on your National Insurance contributions. This allowance can be a valuable resource for businesses looking to reduce their expenses and squeeze more into their bottom line. What is the UK Employment Allowance? The … Continue reading Eligibility for Employment Allowance 2023
What are P800, P45, P60, and P11D forms?
The P800, P45, P60, and P11D forms are used for the PAYE scheme. Pay As You Earn, or PAYE, is the process whereby the taxes you owe on your income are taken off your pay before you receive it. This is done by your employer, who pays that money to HMRC. If you pay taxes … Continue reading What are P800, P45, P60, and P11D forms?
National Living Wage rates from April 2023
New National Minimum Wage (NMW) and National Living Wage (NLW) rates come into effect on 1 April 2023.
The new rate for the NLW will be -10.42 which will represent a 92p increase over the current
Setting up a salary sacrifice arrangement
A salary sacrifice arrangement is an agreement to reduce an employee-s entitlement to cash pay, usually in return for a non-cash benefit. The tax and NIC advantages of certain benefits provided as
IR35 reforms
One of the measures the Chancellor of the Exchequer, Kwasi Kwarteng referred to in the delivery of the Growth Plan 2022 (commonly referred to as the mini-Budget) concerned moves to simplify IR35
Minimum wage for different types of work
Employers must ensure they are paying staff at least the National Minimum Wage (NMW) or National Living Wage (NLW). The NMW and the NLW are the minimum legal amounts that employers must pay their
PAYE Settlement Agreements
A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for employees.
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