HMRC

Coronavirus Job Retention Scheme

The below is taken from https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. We expect the scheme to be up and running by the end of April. It is designed to support employers whose operations have been severely …

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Off Payroll Working Rules from 2020: Factsheet

From 6 April 2020, medium and large-sized organisations outside the public sector will be responsible for deciding the employment status of contractors for tax purposes. Currently, contractors themselves are responsible for making this decision in these sectors. This will bring the private sector inline with the public sector, where these arrangements have been in place since April 2017.

P9X(2019) Tax Codes To Use

HMRC have now published P9X(2019) which gives employers and payroll professionals guidance on the tax codes and bandings for the 2019/20 tax year. I have summarised some of the information below. Personal Allowance The basic Personal Allowance to use for the 2019/20 tax year is £12,500. This applies to the whole of the United Kingdom …

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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 …

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