Moore Thompson :: Payroll and HR Bulletin

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Welcome to the Moore Thompson Payroll and HR Bulletin

Welcome to Payroll, the quarterly publication from Moore Thompson Chartered Accountants keeping you up to date with news and developments in the world of payroll & HR.

In this edition: Are your employees aware of Pension Advice Vouchers, the tax-free perk received through their payroll?

Plus: Proposed auto-enrolment changes “will burden small firms” ● Your personalised Payroll diary ● Apprenticeships fall sharply following levy introduction ● How to handle holiday payroll ● Firms that breach minimum wage law ‘named and shamed’ ● And more…

Enjoy!

Keep track of your legal obligations by visiting www.moorethompson.co.uk. For more information on any of the articles discussed in Payroll, contact one of our payroll & HR experts here.

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Are your employees aware of Pension Advice Vouchers?

Up to 1.3 million workers are eligible to receive tax-free perk
Can save up to £310
But many employers yet to offer scheme

More than one million people currently seeking professional retirement advice could be entitled to a new tax perk through their workplace.

Proposed auto-enrolment changes “will burden small firms,” says FSB

The Federation of Small Businesses (FSB) has voiced concerns that proposed changes to auto-enrolment pensions will weigh heavily on the finances of small and medium-sized enterprises (SMEs).

Your personalised Payroll diary (Jan – Apr)

31 January 2018
Deadline for online self-assessment tax return (2016/17)

19 February 2018
Deadline date for payment of PAYE Tax and National Insurance to HMRC Accounts Office by non-electronic method. (Every 19th of the month thereafter)

Apprenticeships fall sharply following levy introduction

The number of apprenticeships in the UK has fallen since the introduction of the Government’s controversial Apprenticeship Levy, a report has revealed.

How to handle holiday payroll

Now that the holiday season is behind us, employees’ thoughts often turn to the next time they can go away but while holiday entitlement seems straightforward, small business owners can find doing holiday payroll tricky.

Firms that breach minimum wage law ‘named and shamed’

The Government has published a list of 260 employers that have failed to pay 16,000 workers a combined total of £1.7 million in back pay over the last seven years.

More of our blogs

1. More transparency on pay
A new study suggests that pay management is set to enter a “new era of transparency and openness”, with more than 70 per cent of employers saying they are open about how pay levels and increases are set.
Read more here…

2. The Pensions Regulator cracking down on flouting of auto-enrolment
In the first prosecution of its kind, The Pensions Regulator (TPR) has convicted a bus company and its boss for deliberately avoiding auto-enrolling their staff into a workplace pensions scheme.
Read more here…

3. Draft bill to combat gig economy ‘exploitation’
A draft Bill by the Parliamentary Work and Pensions and Business Committees aims to tackle what MPs say are loopholes in employment law that allow firms to use ‘bogus’ self-employment status to hire cheap labour and avoid granting basic rights, such as holiday pay and the minimum wage.
Read more here…