Category Archives: PAYE

The Spring Budget 2022

** Please see our updated blog following the Government’s Mini Budget in September 2022** The Chancellor announced the Spring Budget today, so what are the most crucial updates? He did announce most changes in his Autumn Budget, so what’s new?   National Insurance threshold rising The threshold increases from £9,880 to £12,570 from 1 July […]

The clock is ticking, so make sure you’re ready for the April 2022 increases

clock is ticking

April 2022 is fast approaching, and with that comes changes to VAT, NIC, and dividend taxes. We’ve also got electricity and wage increases to consider. The clock is ticking, so what do you need to do, to get ready for the April 2022 increases? The latest Budget announced quite a few unwelcome changes to tax […]

Wage and NIC increases from 1 April 2022

In the Autumn 2021 Budget the Government announced increases for the apprentice and national living wage rates, as well as national insurance increases. It’s a double whammy but can’t be ignored, so here are the rates and the increases for your information, and what you should do now to get ready: New Wage Rates from […]

Autumn 2021 Budget: what does it mean for your small business?

The Autumn Budget 2021 was announced on 27 October 2021, but what does it mean for your small business? Well, for starters, most of the main announcements were leaked in the days leading up to the Budget, and some changes for 2022 onwards were announced in the Spring Budget 2021. But let’s look at the […]

Changes to Furlough from 1 July 2021

The furlough scheme started in April 2020, and who knew it would carry on for so long? But there are key changes to furlough from 1 July 2021 which we explain here:   What is furlough? It’s proper title is the Coronavirus Job Retention Scheme or CJRS. It was intended to protect employees who would […]

Kick Start Scheme: what’s it all about?

Another new initiative from the Government to help people get back to work following the COVID pandemic. And finally we have more info! What is the Kick Start Scheme? It will provide funding for employers to create new 6 month placements It’s to provide placements for young people aged 16 to 24, who are currently […]

Government bonus for keeping furloughed workers on

More good news for employers who keep on previously furloughed workers til the end of January 2021. The Job Retention Bonus (JRB) will be awarded to employers who keep previously furloughed workers on. What can employers claim? Claim £1,000 for each eligible employee who has been furloughed Only if the employee is still continuously employed […]

Mini-Budget 2020: New Measures to Support People and Businesses

Today the Government announced their mini-Budget 2020 with a further £12 billion for new temporary measures to support people and businesses. Particularly measures are in place to support job creation, and to boost the hospitality industry. Job Retention Bonus The current furlough scheme will end on 31 October 2020, find out more about the furlough […]