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Free training on sick pay and leave

Would you like to attend a free webinar providing training on sick pay and sick leave?
 
HMRC and ACAS are running a webinar entitled “Managing Sick Leave and Pay“. There will be a broef summary of Statutory Sick Pay entitlement, also how to manage sick leave and the impact it has on employment relations in the workplace.
 
You will be able to ask questions using the on-screen text box.
 
Friday 1 June, 9.00am to 10.00am
Tuesday 12 June, 3.00pm to 4.00pm
 
You can register, or find more information here

Changes to Pay In Lieu of Notice

Extract from the HMRC Employer Bulletin, April 2018 [link]

Payments in lieu of notice

Changes to the taxation of non-contractual payments in lieu of notice (PILONs) came into effect from 6 April 2018. All payments in lieu of notice on, or after 6 April 2018 are chargeable to income tax and Class 1 National Insurance Contributions (NICs), whether or not they are contractual payments. Detailed guidance can be found in the Employment Income Manual.

Accordingly, any Pay In Lieu of Notice payments processed by Payroll Check will always be subject to both income tax and National Insurance.

 

 

Key Payroll Dates

Some key payroll dates to note …

31st May 2018Statutory deadline for issuing P60s

6th July 2018Statutory deadline for P11Ds

19th / 22nd July 2018Payment of Class 1A NIC due

Happy New Tax Year!

Happy New Year!

A few links to help you with the start of the 2018/2019 tax year …

 
New Income Tax, National Insurance, SSP, SMP etc rates
https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2018-to-2019

 
P9X (tax code changes 6 April 2018)
https://www.gov.uk/government/publications/p9x-tax-codes

 
National Minimum Wage and National Living Wage
http://www.acas.org.uk/nmw

 
Changes to Pension Contribution rates
http://www.thepensionsregulator.gov.uk/minimum-contribution-increases-planned-by-law-phasing.aspx

 

New Minimum Wage Rates

The minimum pay rates increase in April 2018.  The new rates are:

April 2018 NMW NLW rates

 

Further information at www.acas.org.uk/nmw and www.gov.uk/national-minimum-wage

 

 

 

 

 

Check Your Tax Code

Do any of your employees have a tax code that starts with a ‘S’?   If so, this means that HM Revenue and Customs think the individual lives in Scotland. As the Scottish Parliament is able to set income tax rates and bands different from the rest of the UK, those with a ‘S’ tax code prefix may be taxed incorrectly if they do not reside in Scotland.

 

If employees have any query regarding their tax code they can call HM Revenue and Customs on 0300 200 3300 – lines open Monday to Friday 8am to 8pm, Saturday 8am to 4pm and Sunday 9am to 5pm.

Pension Contributions

From 6 April 2018 (the start of the 2018/2019 tax year) employers are required to increase the amount of their minimum employer contributions into their staff’s Automatic Enrolment pension to at least of 2% of qualifying earnings. Members of staff will have to pay the shortfall needed to make the total minimum contribution up to 5%, including the employer contribution.

 

Please ensure that you provide your payroll bureau with information on increases in employee and employer pension contributions for your employees so that the new rates can be operated in the April payroll run.

 

The Pensions Regulator has provided advice for employers on the April 2018 increase in contributions at www.thepensionsregulator.gov.uk/en/employers/phasing-increase-of-automatic-enrolment-contribution which includes a draft letter to employees to advise them of the increase.   Further information available from The Pensions Regulator on 0345 600 1011 or
www.thepensionsregulator.gov.uk/minimum-contribution-increases-planned-by-law-phasing.aspx