Wallis Payroll

HMRC have issued the latest employer bulletin, some useful information and reminders on;
- pension compliance for temporary and seasonal staff
- payment of HMRC liabilities to be made the Friday before if payment date falls on a weekend
- payrolling benefits will be mandatory from 2026-2027 but you can register ahead of time to payroll for 2025-2026

August 2024 issue of the Employer Bulletin We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

Did you know that HMRC have lots of online tools to help employers, including this one.

If you are not sure what tax code to put a new employee on you can follow the steps and it will explain what to do. This can be especially useful if you are dealing with employees who join in the new tax year but have a P45 issued prior to the end of the last tax year.

Work out your new employee's tax code Work out your new employee's tax code and starter declaration to set them up on your payroll software and register them with HMRC.

New National Living and National Minimum Wage rates, to apply for all pay reference periods starting on or after 1st April.

- Age 21 and over £11.44
- Age 18-20 £8.60
- Under 18 £6.40
- Apprentice £6.40 (if age 19 or over for the first year only)

If a Living Wage Foundation employer, to apply by 1st May.
- UK Living Wage £12
- London Living Wage £13.15
https://www.livingwage.org.uk/

Happy Easter Everyone

Our office is now closed for the Easter weekend, we will reopen on Tuesday 2nd April.

Don't eat too many eggs!

HMRC has published the March Employer Bulletin, points to note

- Employees NI reducing to 8% from 6th April
- NMW rates increasing for pay reference periods from 1st April
- High Income Child Benefit Charge threshold increasing to £60,000 with a taper to £80,000 from 6th April
- 2023-24 P11D's due to be submitted by 6th July

March 2024 issue of the Employer Bulletin We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

We went to the opening night of Wellingborough Gang Show at the Castle Theatre, Wellingborough yesterday evening. A great performance by all involved. If you are looking for something to do this weekend tickets, are still available. https://bit.ly/3vq2r7H

UPDATE - our payroll support mail box is now up and running so all emails can be sent to the usual address.

We are currently having technical difficulties with one of our shared mailboxes if you get a bounce back email, please forward your email through to your payroll contact at their direct email address.
Thank you

Following yesterdays announcement regarding the reducing access to helplines HMRC have now halted these changes following feedback!

HMRC helpline changes halted Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted while it considers how best to help taxpayers harness online services.

HMRC Helplines

HMRC have advised that from 8th April 2024 there will be changes to their helplines to encourage more customers to use their online services.

The following changes will be permanent going forward;

- Self Assessment helpline closed between 8th April 2024 and 30th September 2024.
- Self Assessment Peak helpline open between 1st October and 31st January, during February and March helpline will be available to deal with queries about penalties and appeals.
- VAT helpline will be open for 5 business days each month in the lead up to the filing VAT deadline.
- PAYE helpline will no longer handle calls about PAYE refunds, these will be directed online.

For more information

HMRC encourages customers to interact online with changes to its Self Assessment, PAYE and VAT services Changes to helpline services will become a permanent feature after being successfully trialled.

We are proud to be supporting the young people of Wellingborough the Gang Show again this year. On at Castle Theatre, Wellingborough from Thursday to Saturday this week. Tickets available here https://bit.ly/3vq2r7H

HMRC have published the February Employer Bulletin, the topics covered this month include.
- NI rate change from 6th January 2024
- correct setup of of Student Loans, we now have 4 different types
- final EPS of 2023-24 to include the end of year marker EPS of 2023-24 to include the end of year marker
- payrolling of benefits required from 6th April 2026

February 2024 issue of the Employer Bulletin We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

The Department for Business and Trade has released the guidance on the Holiday pay and entitlement reforms from 1st January 2024. These changes come into effect for irregular hour and part-year workers for holiday years beginning on or after 1st April 2024.

Worth a read for all who employ staff on either irregular (zero) hour contract or have part-year workers.

Holiday pay and entitlement reforms from 1 January 2024 We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

The Employee National Insurance Contribution (NIC) rate is decreasing from 12% to 10% from 6th January giving employees a few pounds extra in their pockets.

The directors employee NIC rate for the year will be 11.5%. Don't forget that all directors, whether they are on the cummulative annual or alternative calculation method must have their NI recalculated at the end of the tax year to ensure the correct amount has been paid.

National Insurance contribution (NIC) changes coming into effect from 6 January Don't forget the primary class 1 NIC changes.

Merry Christmas to all of our customers, suppliers and friends from the team Wallis Payroll, this year we have decided not to send Christmas Cards but instead have made a donation to a fantastic local charity The Daylight Centre who work against homelessness, poverty and social exclusion.

Last year 3275 people submitted their tax returns on Christmas Day, an increase on the previous two years, I wonder how many will submit on Christmas Day this year?

Have you already done your tax return or have you scheduled this in for the Christmas season?

HMRC have published the latest Employer Bulletin, key points;

- Employees NI reducing from 12% to 10% from 6th January
- NMW Compliance
- Payrolling Benefits, register by 5th April for 2024-25 tax year

https://www.gov.uk/government/publications/employer-bulletin-december-2023/december-2023-issue-of-the-employer-bulletin

December 2023 issue of the Employer Bulletin We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

Do you have a personal tax account?

Having a personal tax account allows you to manage your records with HMRC and update your details when circumstances change.

Personal tax account: sign in or set up Sign into or set up a personal tax account to check and manage HMRC records, including Income Tax, change of address, Self Assessment and company car tax.

If you use BACS to pay your employees the processing calendar for 2024 is available on the BACS website.

Processing calendar The Bacs Payment System processing calendar is a valuable tool to help you ensure you don't miss those important processing dates over holiday periods. It also supplies you with the all important Julian dates you need to process your payment files.

The National Minimum Wage from April has been announced at £11.44 for those 21 and over, a big increase from the current £10.42 (23yrs+) and £10.18 (21-22yrs).

Minimum wage to rise to £11.44 per hour The new rate will apply to those aged 21 and over for the first time, the chancellor says.

This week we turn 9.

Thank you to all of our customers, suppliers and friends who have supported us over the last 9 years.

Happy National Payroll Week

If you have people working for you, it is always advisable to have a robust payroll system in place for your organisation.

Outsourcing your payroll can save you time AND money - what's not to like?

Need help with your payroll?

☎️ Call us on 01933 409488
📧 Or email us: [email protected]

Wallis Payroll was set up to provide small businesses with the same level of payroll support that larger businesses can afford, at a fraction of the cost.

Need help with your FPS and P60s?

☎️ Call us on 01933 409488
📧 Or email us: [email protected]

Your payroll is what we do best: work with us and you will find we deliver your payroll efficiently and on time.

Give us a call and find out how we will help with your payroll needs.

☎️ Call us on 01933 409488
📧 Or email us: [email protected]

Our standard packages start from just £6 per payslip for monthly payroll processing.

Need help with your payroll?

☎️ Call us on 01933 409488
📧 Or email us: [email protected]

HMRC have issued their latest Employer Bulletin. Items featured include
- Incorrect set up of Pension scheme, Net Pay arrangement v's Relief at Source
- Closing a PAYE scheme
- Correcting payroll mistakes for an earlier tax year
and National Minimum Wage compliance

August 2023 issue of the Employer Bulletin We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

A cost-effective, high-value solution to meet all of your payroll needs.

Need help with your payroll?

☎️ Call us on 01933 409488
📧 Or email us: [email protected]