28 February 2022
On the 7th of September 2021, the government declared an updated 1.25% Health and Social Care Levy. The aim of the levy is to grant investment in the NHS, health and social care. This new plan for health and social care will cause an everlasting rise in spending. In 2020/21, government…
31 January 2022
The repayment thresholds and deduction rates of plan 1 and 4 loans from 6th April 2022 have the following reminders: PAYE accounts should be evaluated for a student loan or postgraduate loan start and stop notices; and there should not be any student loan deductions where the worker is subject…
The claims portal of HMRC is now live as it was announced that small businesses can reclaim refunds for COVID-19 related sick pay. On 21 December 2021, employers who have employers less than or equal to 250 are eligible for Statutory Sick Pay Rebate as announced by HM treasury. The…
12 December 2021
As per new implementations, HMRC will no longer pay tax credits, child benefits or guardian allowances into Post Office card accounts effective from 1st December 2021. Recipients of such payments must notify HMRC with the details of either an alternative bank account details or set up a new bank account…
10 December 2021
HMRC has recently confirmed in its latest quarterly update on ‘Check Employment Status for Tax’ that the tool wasn’t able to determine more than 20% of the cases put through that the worker comes within the off-payroll (OPW) rules or not. As per HMRC, they wanted to identify whether the…
