Payrolling Benefits – Act now!

As we approach the end of the 2020/21 tax year, we will shortly be in the P11D reporting window for employee benefits. While completing P11Ds may be something that you have done for as far as you can remember, it may be worth considering moving to the Payrolling Benefits scheme from April 2021 to streamline and simplify your employee benefit reporting.

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Payroll technology in the digital age

Rapidly advancing technology in the Digital Age means organisations are increasingly moving their technology away from ERP based systems to cloud based solutions and the use of both API and AI technology is more commonly being utilised to bridge the gap when systems do not automatically integrate. Having a coherent technology strategy is critical to deal with the increased complexity of payroll operations and the increased compliance and regulatory environment.  

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Trivial Benefits – rewarding your employees

Since 6 April 2016, a tax exemption for “trivial” benefits provided to employees has been made available to employers. The legislation allows an employer to provide a benefit costing £50 or less to an employee without triggering a tax or National Insurance charge, whilst also removing the need to report.

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Brexit and National Insurance – rules from 1 January 2021

Following the UK’s exit from the EU, both parties have reached an agreement regarding the details of the National Insurance rules to be applied between the EU states and the UK from 1 January 2021. This agreement largely replicates the current EU social security coordination regulations and aims to ensure workers who move between the UK and the EU are required to only pay into one country’s social security scheme at a time, usually the country where the work takes place. There are special provisions for multi-state and detached workers, with current rules continuing to apply to those protected by the Withdrawal Agreement.

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Brexit and National Insurance – the transition

As a result of leaving the EU, the UK will experience a number of changes and one area which will be impacted is that of National Insurance. Negotiations are still ongoing however the below is what we know so far.

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Temporary workplace rules – not always as straightforward as you may think…

The recent outcome of the Sambhi v HMRC case has highlighted the complexities and absence of case law surrounding the temporary workplace rules, which govern the tax relief available on travel and subsistence payments for employees working at a ‘temporary workplace’.  

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Furlough during the Christmas period

With Christmas only one month away, employers and employees will now be thinking ahead on what this means during Christmas when most employers shutdown or employees request holidays during the festive period.

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Government Grinch gives the go-ahead to virtual staff parties

As we are approaching the end of 2020 which has been a year full of not so pleasant surprises, many employer’s may be thinking of more creative ways to arrange socially distant and ‘lockdown’ friendly Christmas parties, replacing the usual in person events. This may see employers taking advantage of digital platforms such as Zoom and Microsoft Teams which we have all become experts on between work meetings and quiz nights with family and friends over the challenging year we have all had.

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Coronavirus Job Retention Scheme extended until March 2021

Additional guidance was released by the government yesterday afternoon, Thursday 5th November 2020, outlining further changes to the Coronavirus Job Retention Scheme (CJRS), which came into effect on 1st November 2020.

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IR35 off payroll working reform – education is key

As we edge closer to April 2021 when the private sector will be hit with new IR35 legislation, pushing responsibilities for contractor assessments and deduction of tax up the contractual chain, it is now time for businesses to dust off their IR35 plans from earlier this year for the original implementation date of April 2020.  

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