National Insurance contributions are to increase

Yesterday the government announced tax changes to fund £12 billion a year to be spent on the NHS and social care across the UK. National Insurance contributions (NICs) will increase by 1.25% for one year only for employees, employers and the self-employed from‌‌ ‌April‌‌ ‌2022. This will cover both Class 1 (employee and employer), Class 1A Read more about National Insurance contributions are to increase[…]

Employers ‘named and shamed’ for paying less than minimum wage

The government has ‘named and shamed’ 191 companies that have broken National Minimum Wage (NMW) laws. Following investigations by HMRC, the named firms have been fined for owing £2.1 million to over 34,000 workers. The breaches took place between 2011 and 2018. Named employers have since been made to pay back what they owed, and Read more about Employers ‘named and shamed’ for paying less than minimum wage[…]

Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 September 2021. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or Read more about Advisory fuel rates for company cars[…]

Nicholson & Co shortlisted for Payroll Team of the Year Award

The Accounting Excellence awards which are now in their eleventh year saw a record number of entries, and despite this fierce competition we are delighted to have been shortlisted for such as prestigious award, Payroll Team of the Year. We’ve been providing payroll services to organisations for over 10 years and our experienced team currently support Read more about Nicholson & Co shortlisted for Payroll Team of the Year Award[…]

HMRC reveals absurd excuses for not paying National Minimum Wage

While the vast majority of employers pay their employees at least the National Minimum Wage, HM Revenue and Customs (HMRC) has today released some of the most absurd excuses used for not paying the legal minimum. Last year (2020 to 2021) HMRC helped more than 155,000 workers across the UK recover more than £16 million Read more about HMRC reveals absurd excuses for not paying National Minimum Wage[…]

Coronavirus Job Retention Scheme – upcoming changes from 1 August 2021

From August, employees will still continue to received 80% of their salary for hours un worked, but the Coronavirus Job Retention Scheme grants will cover 60% of employees’ usual wages for the hours not worked, up to a cap of £1,875.50. Employers will need to continue to pay their furloughed employees at least 80% of Read more about Coronavirus Job Retention Scheme – upcoming changes from 1 August 2021[…]

Coronavirus Job Retention Scheme – changes from July 2021

The first change to the Coronavirus Job Retention Scheme will come into effect from 1 July 2021. From July, employees will still continue to receive 80% of their salary for hours unworked, but the Coronavirus Job Retention Scheme grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap Read more about Coronavirus Job Retention Scheme – changes from July 2021[…]

Coronavirus Job Retention Scheme – upcoming changes

It was announced in March’s budget that the Coronavirus Job Retention Scheme will be extended until the end of September 2021, with changes to the scheme from July 2021. The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up Read more about Coronavirus Job Retention Scheme – upcoming changes[…]

Extension to the Coronavirus Job Retention Scheme

It was announced in yesterdays budget that the Coronavirus Job Retention Scheme has been extended until the end of September 2021. The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June 2021. From July, Read more about Extension to the Coronavirus Job Retention Scheme[…]

Main points from the budget (3 March 2021)

Here are some of the key points from the budget of 3 March 2021: Furlough and Self-employed grant extended until September. Universal Credit uplift of £20 to be extended for a further 6 months. Incentive payments of £3,000 for all new hires of any age. Business rates holiday will be extended until June. National insurance, Read more about Main points from the budget (3 March 2021)[…]