Anna’s Accountancy Alerts – Week 47 19th – 25th February 2024)

Payroll

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PAYE - National Minimum Wage (NMW) Support for Employers.

HMRC provide employers with education and guidance on common NMW issues, encouraging them to review their pay arrangements to make sure they are complying with the law.

If you, or your agent (if they are your registered business address) receive a letter from HMRC, take action to review your workforce to check that they are all being paid at least the minimum wage. Workers who are paid at or even above the National Minimum Wage or National Living Wage, can be underpaid. Examples include: 

  • deductions from pay for items in connection with the job 
  • unpaid working time, including travelling and training   

If you receive a letter inviting you to take part in a free support call with one of HMRC’s experts, it’s a good idea to do it. Feedback from the circa 2500 businesses that have taken part in a call so far has been extremely positive.  

More information on calculating and enforcing the minimum wage is available.  

There is a suite of recorded webinars available on how to avoid common mistakes, record keeping and what to expect from a HMRC check

Payrolling Expenses and Benefits 2024/25

You can register now to payroll your benefits from 6 April 2024.

Using the online service for payrolling benefits and expenses means that you will not have to submit a form P11D.  You must tell HMRC which benefits you want to payroll during the registration process.

The tax codes for all employees receiving these benefits will be amended unless you exclude any employees that you do not want to payroll benefits for in the online service.

You can find out more on payrolling and reporting expenses and benefits in kind

Informal Payrolling

If you have had an informal arrangement in place, you must register now to payroll your benefits. 

Umbrella Company Guidance

Working with HM Treasury and the Department for Business and Trade, HMRC has published guidance for employment businesses who use umbrella companies to employ workers

HMRC has also published updated guidance for umbrella company workers.  The guidance now includes advice on how workers can protect themselves from the actions of fraudulent umbrella companies.

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.