Informal payrolling of benefits in kind

HMRC have decided that for benefits in kind they will only accept the new informal payrolling arrangements during the 2021 to 2022 tax year. Before April 2022, employers are expected to register for formal payrolling for the 2022 to 2023 tax year who have their businesses previously an informal payrolling…

Making your PAYE Settlement Agreement payment

Now you can make one annual payment that can cover all the tax, NI due on small and irregular taxable expenses or benefits for the employees which has been implemented by HMRC through PAYE Settlement Agreement (PSA). All the electronic payments made for a PAYE Settlement Agreement for the tax…

NI Holiday Relief

The government in the 2021 budget announced a National Insurance holiday for the employers employing veterans in their first year of civil employment. This was implemented live from April this year. There was also an announcement that a further NI holiday scheme will be implemented in 2022 for the newly…

Triple Lock and how does it work

Each year, the rise in the cost of living seen in the Consumer Prices Index (CPI) increases the state pension that is a measure of inflation, increasing average wages, or 2.5%, whichever is highest is known as Triple Lock. It is a conservative manifesto pledge for the five years of…

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