Key Changes to Employers’ National Insurance
Chancellor Rachel Reeves’ Autumn Budget has introduced several notable changes to Employers’ National Insurance (NI) rates and thresholds, which will impact payroll costs for many UK businesses. Key Changes to Employers’ NI Effective from 1 April 2025, the Employers’ National Insurance rate will increase from 13.8% to 15%. Alongside this, the threshold at which employers […]
Don’t Miss Out: Claim Your Child Benefit Now!
New parents, take note! With September 26th being the most popular birth date in the UK, HM Revenue and Customs (HMRC) is urging all new parents to claim their Child Benefit. The process is quick, easy, and can be completed online, with the first payment potentially arriving within a week of your claim. Why Child […]
Impact of Late Submissions and Payments to HMRC for PAYE
Are you aware of the importance of submitting your payroll data and paying your PAYE bill on time? Late RTI Submissions (Caused by not sending your payroll information on time) When Penalties are Charged: Firstly, you may incur a penalty if: Secondly, HMRC Will Not Charge a Penalty If: Penalty Amounts The amount you pay […]
Employers: Getting Ready for Tax Year end 2023/24 and Welcoming the New Tax Year 2024/25
As the end of another tax year approaches, it’s essential for employers to ensure they’re prepared for the transition from tax year 2023/24 to 2024/25. This article provides a comprehensive guide to help employers understand and comply with the necessary procedures. Ensuring Accuracy and Compliance for Tax Year End 2023/24: Employee Information Verification It’s crucial […]
Payroll Year End: Are you ready?
Payroll year end is fast approaching and now is the time to act to ensure you have put plans in place to ensure your payroll team are prepared. One of the key things to remember is that you must report to HMRC on the previous tax year by 19 April. At the same time it […]
HMRC write off £4.3bn in Covid payments lost to fraud
HMRC are expecting to recover £1 of every £4 stolen from the public purse by fraudsters during the pandemic. In figures published last week a total of £4.3 billion has been written off. This represents c74% of the total £5.8 billion that was stolen from its emergency Covid-19 schemes that supported swathes of the workforce […]
Autumn Budget 2021 – Budget Brochure
Autumn Budget 2021 – Budget Brochure The Chancellors autumn budget was released on Wednesday 27 October 2021. Whilst a lot of the budget was known before the official announcement there was a lot more detail released on the day. It remains to be seen how the country will financially recover from the Coronavirus pandemic, but […]
End of the road for Furlough
As we reach the final days of September, we prepare for the closure of the ground breaking Coronavirus Job Retention Scheme (CJRS). The one-of-a-kind scheme launched by Rishi Sunak back in March 2020, has been a lifeline for millions of businesses and employees. The scheme has seen several variations and numerous extensions. Most recently the […]
NRB invest in development of payroll team
NR Barton has recruited four new team members to improve and enhance its payroll bureau offering. The new recruits have joined our offices at Waterside House in Wigan and their appointment comes as the firm continues to invest and develop in client service. Headed up by Emma Peers (pictured above on the left), Payroll Manager, […]
Furlough extended until March 2021
The Coronavirus Job Retention Scheme (CJRS) is being extended until 31st March 2021. This is what we know so far before the full guidance is published on 10th November: The scheme rules are predominantly the same with a few revisions. Employees will receive 80% of their usual salary for any unworked hours for claims running […]
