In 2012, due to concern that the UK population weren’t taking adequate measures to save for their retirement, the Government took the radical measure of introducing auto-enrolment.
Boris Johnson has announced a new “Health and social care levy” to address the current funding crisis in the sector.
Many people see processing a payroll as a monotonous task and one to leave to the pen-pushers. However, having a successful process leads to employees being paid the right amount, on time.
Changes to the level of grants implemented on 1 July 2021 for the Coronavirus Job Retention Scheme.
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by 6 July 2021. The process of gathering the necessary information and completing the forms can take some time, so it is important that this process is not left to the last minute.
HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021.
Increased minimum wage rates have been announced to take effect from 1 April 2021.
The Chancellor, Rishi Sunak, has unveiled his emergency COVID rescue plan to protect jobs and the UK economy.