Payroll Giving Process to be simplified

Posted on 5th September 201311th April 2016 by Samantha Nicholson

Following a consultation, the government is to almost halve the processing time for donations from 60 to 35 days, allowing charities to access the money that has been donated more quickly. To read more on this story visits: https://www.gov.uk/government/news/payroll-giving-overhaul-announced Did you know: Payroll giving enables employees to donate money to charities directly from their salary before Read more about Payroll Giving Process to be simplified[…]

National Minimum Wage rates from 2013

Posted on 26th March 201311th April 2016 by Samantha Nicholson

The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice – you must be at least school leaving age to get it. Year 21 and over 18 to 20 Under 18 Apprentice* 2013 (current rate) £6.31 £5.03 £3.72 £2.68 2012 £6.19 £4.98 £3.68 £2.65 2011 £6.08 £4.98 £3.68 £2.60 2010 Read more about National Minimum Wage rates from 2013[…]

Personal allowances, rates and bands 2013-2014

Posted on 6th March 201311th April 2016 by Samantha Nicholson

Most people have a Personal Allowance – an annual amount of tax-free income. The rates of Income Tax you pay depend on how much taxable income you have above your allowance. Personal Allowances: AGE AMOUNT Up to and including 64 £9,440 65 to 74 £10,500 75 and over £10,660 For every £2 your income is Read more about Personal allowances, rates and bands 2013-2014[…]

Personal allowances, rates and bands 2012-2013

Posted on 6th March 201311th April 2016 by Samantha Nicholson

Most people have a Personal Allowance – an annual amount of tax-free income. The rates of Income Tax you pay depend on how much taxable income you have above your allowance. Personal Allowances: Age Amount Up to and including 64 £8,105 65 to 74 £10,500 75 and over £10,660 Your Personal Allowance goes down by Read more about Personal allowances, rates and bands 2012-2013[…]

HMRC launch new P46 for employers

Posted on 17th September 201211th April 2016 by Samantha Nicholson

HMRC have created a single page version of form P46 called P46 (Short) which enables employers to collect necessary information from new employees who do not have a form P45. Employers are required to submit the details electronically to HMRC so the form is used to gather the necessary information in order to make the Read more about HMRC launch new P46 for employers[…]

National Minimum Wage confirmed for 2012/13

Posted on 9th August 201211th April 2016 by Samantha Nicholson

The Government has approved this year’s National Minimum Wage rates, which will come into effect on 1 October 2012. The rates will be as follows: • For workers aged 21 and over: £6.19 an hour (up from £6.08 an hour in 2011) • For workers aged 18-20: £4.98 an hour (no change) • For workers Read more about National Minimum Wage confirmed for 2012/13[…]

Pay As You Earn (PAYE) Real Time Information (RTI)

Posted on 3rd June 201211th April 2016 by Samantha Nicholson

HMRC is introducing a new way or reporting PAYE: Real Time Information (RTI). Under RTI, information about PAYE payments will be submitted throughout the year as part of the payroll process, rather than at the end of the year as they are now. Every time you process your payroll, your software will collect the necessary Read more about Pay As You Earn (PAYE) Real Time Information (RTI)[…]

RTI (Real Time Information)

Posted on 13th March 201211th April 2016 by Samantha Nicholson

Just weeks to go! What is RTI? Real Time Information (RTI) is the biggest change since PAYE was introduced in 1944 and is a new initiative from HM Revenue & Customs (HMRC) to improve the administration of PAYE and to enhance the operation of the forthcoming Universal Credit Scheme (coming in October 2013). RTI is Read more about RTI (Real Time Information)[…]