The Scottish Parliament approved the Scottish Rate Resolution on the 21st February 2017. What the resolution does is separate the UK into two distinct tax regimes for specific non-savings as well as non-dividend taxable income.
In this article, we’re going to outline and explain the elements of the budget that relate to payroll in a broad or specific way.
The introduction of the Apprenticeship Levy has the primary purpose of funding new apprenticeships. The levy will apply to all employers in the UK that have a yearly pay bill of £3 million or more.
Payroll errors are expensive. Recent research found that payroll errors cost UK companies around £700 million in the last financial year alone.
According to national accountancy chain, UHY Hacker Young, the government has collected £737 million from investigations into tax avoidance and employer compliance errors.
Is your payroll department functioning correctly? If it isn’t then how would you know without comparing it to others? Thankfully there are some common, well known signs of a payroll system in crisis and they are much the same in medium and large companies. So if you are witnessing at least one or more […]
The 2016 Employee Outlook Research paper from the CIPD has found that 36% of the UK employees surveyed are dissatisfied with their current pay level and more worryingly that 25% of employees plan to leave their current company in the near future.
We are going to break this article down into three distinct parts for easier digestion and comprehension. We are first going to outline, briefly, what the IR35 rules are, from there we are then going to succinctly explain what the proposed changes to the rules are.
For those that are unaware, as is succinctly explained by Gov.uk “a salary sacrifice arrangement is an agreement between an employer and an employee to change the terms of the employment contract in order to reduce the employees entitlement to cash pay”.
The government has recently cut back their initial, quite radical, proposed changes to the way termination payments are taxed. They have instead, more recently, issued new draft legislation, which represents comparatively milder proposed changes.