Changes to the coronavirus job retention scheme to include recently-appointed employees have been announced. The scheme, which covers 80% of workers' pay up to £2,500 a month, initially applied to employees who went through payroll on 28 February 2020. As a result,...
The national living wage for over-25s increased from £8.21 to £8.72 an hour, with effect from 1 April 2020. That represents a 6.2% rise on 2019/20 and will result in an over-25 national living wage full-time worker earning an extra £930 in 2020/21. Workers aged...
The Treasury is to raise the national insurance thresholds for 2020/21, saving the average employee around £104. According to legislation approved in parliament on 30 January 2020, the £8,632 threshold at which employees start paying class 1 national insurance...
The hourly national living wage rate for over-25s will increase from £8.21 to £8.72 for 2020/21. The Low Pay Commission has published recommendations for the new rates, which kick in from 1 April 2020. The increase to the national living wage in 2020/21 will have a...
Employers that are planning to pay workers earlier than usual over Christmas can benefit from a temporary relaxation of real-time reporting of payroll. The usual rule requires employers to report their payroll information through real-time information (RTI) to HMRC on...
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