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...
Employers warned payrolling of benefits is to become mandatory
Whitley Stimpson are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll.
Mandatory payrolling of benefits
The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.
NLW and NMW increased
The national living wage (NLW) will increase by 9.8% to £11.44 per hour from April 2024. The higher rate will also apply to 21 and 22-year-olds for the first time.
More awards success for top Whitley Stimpson team
Whitley Stimpson have been selected as finalists in the Service Provider Team Award category of The Rewards 2023, a prestigious industry competition for payroll professionals.