Welsh Income Tax

From April 2019 the Welsh Government will be able to vary the rates of Income Tax paid by Welsh taxpayers. HMRC will identify Welsh taxpayers based on the information they hold on their systems. Welsh taxpayers resident in Wales will then be issued with a tax code beginning with C. Employees are being encouraged to …

Welsh Income Tax Read More »

Changes to termination payments – 6 April 2018

Employers need to be aware of some changes to termination payments to employees that became effective from 6 April 2018. Payment in lieu of notice (PILON) All PILON payments made on or after 6 April 2018 are now subject to tax and Class 1 National Insurance whether they are contractual or non-contractual. More detailed guidance …

Changes to termination payments – 6 April 2018 Read More »

CIPD to co-chair Government’s Flexible Working Task Force

The CIPD, the professional body for HR and people development, has been invited to co-chair the Government’s new Flexible Working Task Force, which will meet for the first time today. The task force has been established by the Department for Business, Energy & Industrial Strategy to promote wider understanding and implementation of inclusive flexible work …

CIPD to co-chair Government’s Flexible Working Task Force Read More »

Not long left to report your Gender Pay Gap

The deadline for reporting your Gender Pay Gap is fast approaching. For Organisations in the public sector, the deadline is 30th March 2018. The deadline for the private and voluntary sector is 4th April 2018. Gender Pay Gap reporting currently applies to employers in Great Britain only. Employers with 250 or more employees can register …

Not long left to report your Gender Pay Gap Read More »

Changes to the Student Loan repayment thresholds from April

For those repaying their student loan through payroll, the new thresholds to apply from April are:   Plan 1 Plan 2 (England & Wales) Annual £18,330 £25,000 Monthly £1,527.50 £2,083.33 Weekly £352.50 £480.76 Fortnightly £705.00 £961.53 4 Weekly £1410.00 £1,923.07 For more information about student loans through payroll, visit https://www.gov.uk/guidance/special-rules-for-student-loans

Scottish Income Tax Rates Confirmed

The Scottish budget for 2018/19 has been given the final approval in the Scottish Parliament. From April 2018, employees with a Scottish address registered with HM Revenue & Customs will move to 5 rates of income tax.  These are: 19% – Starter Rate £1 – 2,000 20% – Basic Rate £2001 – 12,150 21% – Intermediate …

Scottish Income Tax Rates Confirmed Read More »