The IReeN committee would like to take this opportunity to thank our guest speakers; Andy Nicholls, TPR, Leonardo Kellaway, Steve Mayne and Paula Wyatt, HMRC and Sam Johnson, CIPP for their excellent presentations. Please note that the AE thresholds for 2022/23 have still not been confirmed. A PDF of the PowerPoint presentations can be downloaded … Continue reading National Virtual Meeting 20 January 2022 Presentation Slides
IReeN Newsletter December 2021
Dear IReeN MembersWe trust you are all keeping well. As you are aware, the Coronavirus Job Retention Scheme (CJRS) closed at the end of September and as lockdown eases across the UK and employees are gradually returning to their offices.In today’s newsletter, we wanted to highlight a few snippets of important news but there are … Continue reading IReeN Newsletter December 2021
Spring Budget 2023
Spring Budget 2023 Not much for payroll! https://payadvice.uk/2023/03/14/spring-budget-2023/ — Read on payadvice.uk/2023/03/14/spring-budget-2023/
Right to Work update: Employer’s guidance
Right to Work update: Employer's guidance https://payadvice.uk/2023/03/02/right-to-work-update-employers-guidance/ — Read on payadvice.uk/2023/03/02/right-to-work-update-employers-guidance/
HMRC NI Category M – GNS Message Questionnaire
Payroll managers, employers, do you employ those under the age of 21? HMRC are asking for your help to better understand the processes your company utilises to meet your National Insurance obligations, specifically relating to National Insurance category M individuals. They are interested in hearing from anyone who employs category M individuals regardless of whether you manage … Continue reading HMRC NI Category M – GNS Message Questionnaire
Major changes to reporting benefits
HM Revenue and Customs has informed employers as part of the February 2023 Employer Bulletin of changes to reporting benefits. Employers must register now Reporting expenses and benefits for the tax year ending 5th April 2023 From 6th April 2023 HMRC will no longer accept new informal payrolling benefits arrangements. For those employers who have informal payrolling in place: … Continue reading Major changes to reporting benefits
HMRC drops the ‘best practice’ BACS Hash
Bacs hash not required from 2023-24 On Monday 13th February 2023, the HM Revenue and Customs Software Developers Support confirmed to the software developer community the end of the BACS hash! A compulsory feature of 10 tax years for many has now been dropped. Once claimed that RTI BACS is such a powerful validation of … Continue reading HMRC drops the ‘best practice’ BACS Hash
Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2023/24.
Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2023/24. https://payadvice.uk/2023/01/26/automatic-enrolment-earnings-trigger-and-qualifying-earnings-band-for-2023-24/ — Read on payadvice.uk/2023/01/26/automatic-enrolment-earnings-trigger-and-qualifying-earnings-band-for-2023-24/
Tax year 2023/2024: Car and van fuel benefit charge increased
HM Revenue and Customs have confirmed the decision to increase the Expenses and Benefits rates for tax year 2023/2024, effective from 6th April 2023. Van benefit and fuel benefit for cars and vans Van benefit charge and fuel benefit charges for cars and vans are to be uprated by the Consumer Price Index (with rounding) … Continue reading Tax year 2023/2024: Car and van fuel benefit charge increased
Significant minimum pay rise may impact employer reward strategies
Employers may need to review their reward strategies! With the proposal of the Low Pay Commission (LPC) for a significant rise in the National Living Wage (NLW) and National Minimum Wage (NMW), low paid employees are set to see rises exceeding 9%! And the future prospect of seeing the NLW starting point drop to 21 … Continue reading Significant minimum pay rise may impact employer reward strategies
Student Loan Thresholds Confirmed for April 2023
As part of the April 2023 changes to payroll, the HMRC Software Developers Support Team (SDST) has additionally confirmed the remaining student and postgraduate loans repayment thresholds. Plant Type 1 (with change) & Plan Type 2 (frozen – no change) had previously been confirmed. Additionally the threshold the threshold for Plan Type 4 for Scotland … Continue reading Student Loan Thresholds Confirmed for April 2023
Statutory Sick Pay increases from April 2023 to £109.40
Following the government Autumn Statement on 17th November 2023 and the indication that benefits would rise by 10.1%, the Statutory Sick Pay (SSP) weekly rate is to increased by 10.127% from £99.35 to the higher weekly amount of £109.40. The new rate will s applicable to relevant qualifying sickness days from 6th April 2023. The … Continue reading Statutory Sick Pay increases from April 2023 to £109.40
IReeN the electronic exchange with government user network 