HMRC update Employer Direct Debit information

HMRC have indicated that employers who want to set up a recurring direct debit for their employer PAYE, that this needs to be done at least 6 working…HMRC update Employer Direct Debit information

Generic Notifications for student loans – What’s the point!

Generic Notifications for student loans - What’s the point! https://payadvice.uk/2023/04/23/generic-notifications-for-student-loans-whats-the-point/ — Read on payadvice.uk/2023/04/23/generic-notifications-for-student-loans-whats-the-point/

April 2023 Employer Bulletin

April 2023 Employer Bulletin https://payadvice.uk/2023/04/20/april-2023-employer-bulletin/ — Read on payadvice.uk/2023/04/20/april-2023-employer-bulletin/

PAYE account misbalance – the dreaded duplicates!

PAYE account misbalance - the dreaded duplicates! https://payadvice.uk/2023/04/20/paye-account-misbalance-the-dreaded-duplicates/ — Read on payadvice.uk/2023/04/20/paye-account-misbalance-the-dreaded-duplicates/

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 →

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 →