Payroll for Business

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.

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.

Changes to the IR35 rules are designed to ensure contractors pay their fair share of tax and national insurance – but the move could be counter-productive, especially in the energy sector, says James Shipp of Lovewell Blake.

Dom discusses furlough calculations for the following months.

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.

On 8 July 2020, the Chancellor announced his ‘Plan for Jobs’ outlining how the government will support the UK’s economic recovery.

Since the Coronavirus Job Retention Scheme (CJRS) was launched in March, it is estimated that more than 1.2million employers have claimed grants for approximately 9.5 million employees.

‘National Payroll Week’ runs from 2 - 6 of September and is a celebration of those individuals who help to get the nation paid on time.