Government mandates real-time reporting of employee benefits
In a significant move to modernise the payroll tax system, the government has confirmed that starting April 2026, employers will be required to report and pay income tax and Class 1A National Insurance Contributions (NICs) on most benefits in kind (BiKs) through...
Whitley Stimpson unpacks payroll shifts following the budget
Payroll expert at accountants and business advisers Whitley Stimpson provides an update following the budget outlining the changes to employers’ costs relating to national insurance and the increase in the national living wage. In a significant move, the government...
Autumn Budget 2024 – Full Summary
Chancellor Rachel Reeves delivered her Budget on 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.
Workplace nurseries
Providing a nursery can be a powerful way to attract and retain staff, with childcare costs in the UK among the highest in the world. Tax relief is available to employers providing workplace nurseries as long as certain criteria are met. These requirements are strict;...