Auto Enrolment Presentation Carl Wright is making a an auto enrolment presentation For FSB members and guests In Elgin Every employer – even if they only employ one person – must automatically enrol workers onto a workplace pension scheme if that worker is aged between 22 and the state pension age and earn more than £10,000 per…
Payrolling Benefits In Kind Supplementary guidance for payrolling benefits in kind has been published on the Gov.uk website. You can view the new guidance here. Statutory payrolling of benefits in kind (PBIK) comes into effect on 6 April 2016. Those intending to start or continue payrolling benefits and expenses in the 2016-2017 tax year must register with…
New National Living Wage Starts April New National Living Wage In April the Governments new National Living wage will become law. If you’re an employer from 1st April 2016 you will need to make sure you’re paying your staff correctly. The New National Living Wage will be enforced as strongly as the National Minimum Wage. Employees aged 25…
Student Loan Changes 2016 – 2017 The new tax year means payroll will be responsible for the collection of two Income Contingent Student Loan Plan types through the payroll. Plan 1 These loans will have been taken out before September 2012 and are applicable UK wide. For 2016-17, these Loans will have an annual threshold…
Employment Allowance 2016 The Government announced in the Autumn Statement plans to increase the National Insurance contributions (NICs) employment allowance 2016 from £2,000 to £3,000 a year from April. For companies where the director is the sole employee this allowance is now being restricted. From April 2016 sole director companies where the director is the only…
Scottish Income Tax Rate Set 2016 Scottish income tax rate will remain the same in Scotland as in England when limited powers are transferred to Holyrood next year. The Finance Secretary John Swinney made the announcement to the Scottish Parliament as he unveiled his Scottish Budget to MSPs. Under the 2012 Scotland Act, Holyrood will…
Be Prepared for the National Living Wage Businesses are being advised to be prepared for the National Living Wage early for the changes on 1 April 2016, when the new wage will become law. They should make sure they follow these 4 simple steps:- Know the correct rate of pay – £7.20 per hour for staff aged…
Autumn Statement Review 2015 Autumn Statement Review 2015 and How It Affects Employers The Chancellor George Osborne has delivered his Autumn Statement and Spending Review. This sets out the Government’s plans for the nation’s finances. Here are some of the key points that will affect employers:- The apprenticeship levy will be introduced in April 2017. It will…
AUTO ENROLMENT EMPLOYER DUTIES – WORKPLACE PENSIONS WHY? The Government have introduced a new pension law to get more people saving for their future. The auto enrolment employer duties are being introduced over 6 years, starting with the UK’s largest companies from October 2012. As an employer, you will have new duties in relation to everyone…
Company Car Users Can Now Update Their Details Online Instead of phoning or writing to HMRC, if you have any company car users, they can now update their details online. Making these changes online mean that your employees no longer have to wait for HMRC to update their tax code. By encouraging your employees to…
