In 2003 the government introduced working from home tax relief which allowed anyone working from home to claim back some tax to help cover household costs. The tax relief you were able to claim was £4 a week. During...
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So, the Chancellor’s mini budget was announced on 23rd September 2022, but what does it mean for you and your payroll? Income Tax Cut The Chancellor has announced that the income tax of 20% will reduce to 19% from...
Chancellor Rishi Sunak has announced the contents of his Spring Statement today (23rd March 2022). Amongst his statement he announced he would cut fuel duty, raise the threshold at which people start paying National Insurance and also pledged to...
The Statutory Sick Pay Rebate Scheme closes for coronavirus relating to absences after today (17th March 2022). You must submit any claims, including amended claims already submitted, by 24th March 2022 If you or your payroll provider do not...
From 24th March 2022, COVID Statutory Sick Pay (SSP) will revert back to being paid only on the fourth day of continual sickness rather than day one. The prime minister has made several announcements in his plan to live...
As expected on 21st February 2022 the Prime Minister announced that the legal requirement to self-isolate after testing positive for COVID and the £500 quarantine support payment will end on Thursday 24th February 2022. The prime minister also confirmed...
For the past few years businesses and payroll professionals have had to adapt to the ongoing changes due to the pandemic, COVID statutory pay (SSP) being one of them. Currently with COVID SSP and subject to them qualifying you...
HMRC announced on 6th January 2022 that they will not charge for late: filing penalties for those who file online by 28th February 2022 payment penalties for those who pay tax due in full or set up a payment...
From 6th April 2022, repayment thresholds and interest rates for student loans will be: Plan 1 – £20,195 (increase from £19,895) Plan 4 – £25,375 (increase from £25,000) The interest rate for plan 1 and 4 remains at 9%...
HMRC have now confirmed the new rates for 2022-23, although the following rates are subject to parliamentary approval. Income Tax Rate – Wales Basic rate 20% £1-£37,700 Higher rate 40% £37,701-£150,000 Additional rate 45% Over £150,000 Income Tax Rates...