IR35 reforms

IR35 reforms

by | Sep 29, 2022 | Payroll

One of the measures the Chancellor of the Exchequer, Kwasi Kwarteng referred to in the delivery of the Growth Plan 2022 (commonly referred to as the mini-Budget) concerned moves to simplify IR35 rules. This measure was one of the pre-election promises of the new Prime...
PAYE Settlement Agreements

PAYE Settlement Agreements

by | Sep 8, 2022 | Payroll

A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for employees. The expenses or benefits included in a PSA must be defined as one of the...
Claiming Employment Allowance

Claiming Employment Allowance

by | Aug 24, 2022 | Payroll

The Employment Allowance reduces an employer's NIC liability. The current allowance is £5,000. An employer can claim less than the maximum if this covers or eliminates their total Class 1 NIC bill.  The allowance is only available to employers that...
Termination payments

Termination payments

by | Aug 11, 2022 | Payroll

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions (employer (NICs)) by making an employer liable to pay NICs on termination payments they...