• Off-Payroll Reforms: HMRC publishes secondary draft legislation

    Off-Payroll Reforms: HMRC publishes secondary draft legislation

    HMRC has now published draft secondary legislation for the off-payroll working rules. These are due to come into force in April this year. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from individual contractors to public bodies […]

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  • Student Loans Repayments: Government to review
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    Student Loans Repayments: Government to review

    The government has vowed to undertake a revamp of the current student loans repayment system. Furthermore, from April 2020, the payment threshold will increase. Graduates will therefore, only be required to start paying back their loan if they earn over £26,575 per year. In a move designed to modernise the system, the government intends to […]

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  • Off-Payroll Working Rules: Government Launches Review
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    Off-Payroll Working Rules: Government Launches Review

    The government has launched a review into the new off-payroll working rules, known as IR35. That are due to come into effect on 6 April 2020. The review, which was promised by Chancellor Sajid Javid in the run up to last year?s General Election, was officially launched on 7 January. It will gather information from […]

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  • Minimum Wage: The UK's largest ever raise

    Minimum Wage: The UK’s largest ever raise

    Millions of UK workers will see their pay rise. The government has made the biggest ever cash increase in the legal minimum wage. The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. The NLW will rise from the current rate of £8.21 to […]

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  • National Insurance Contributions: Threshold raised

    Late payments: Delays getting longer, research finds

    UK businesses are experiencing longer waiting times as they chase late payments, according to research from online business lending platform MarketFinance. The research found that delays to payments have almost doubled from 12 days in 2018 to 23 days this year. The business finance platform analysed late payment trends between 2013 and 2019, examining over […]

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  • Gender Pay Gap

    Gender Pay Gap: WEF states ‘will take another century to disappear’

    The gender pay gap will take ‘another century to disappear’, according to the World Economic Forum (WEF). Data published by the WEF revealed that the time it will take for the overall gender pay gap to close has fallen to 99.5 years from 2018’s prediction of 108 years. The WEF stated that pay parity between […]

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  • Student Loan Repayments: 2020 Payment Changes 
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    Student Loan Repayments: 2020 Payment Changes 

    Often collected through payroll, student loan repayments are set to change in April 2020. The amount deducted from employees pay is determined by the level of earnings, and plan type. Here at Payroll Hub we are able to make the necessary calculations and deductions automatically.  Regarding student loan repayments, these are taken at 9% of […]

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  • Off-Payroll Changes To Be Reviewed

    Off-Payroll Changes To Be Reviewed

    The expansion of the off-payroll rules into the private sector will be reviewed, says Chancellor of the Exchequer Sajid Javid. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from the individual contractor to a public body or […]

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  • Christmas Payroll Dates 2019 - HMRC Update
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    Christmas Payroll Dates 2019 – HMRC Update

    Christmas payroll needn’t be confusing. December sees many employers often pay their staff earlier than previous months. This could be due to helping with Christmas cash-flow challenges, or to run the payroll before the holiday period. Especially, were offices are often closed between Christmas and New Year.  Usually, employers must report payroll information to HMRC […]

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  • Apprenticeship Levy

    Further reform urgently needed for effective Apprenticeship Levy says CBI

    The CBI is asking the Government to do as it has previously promised and urgently consult businesses about the Apprenticeship Levy’s future. According to a new Confederation of British Industry (CBI) report, ‘Learning on the job: Improving the Apprenticeship Levy’, urgent steps must be taken by Government to reform the Apprenticeship Levy in England, so firms […]

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