by Adam Holby | Jul 4, 2022 | Legislation
On 23rd March 2022 in the Spring Statement 2022, the government announced an increase in National Insurance primary thresholds affecting the 2022 to 2023 tax year. These changes will take effect from 6th July 2022, resulting in employees paying National Insurance...
by Adam Holby | Feb 22, 2022 | Legislation
The Government has announced the National Living Wage (NLW) and National Minimum Wage (NMW) rates which will come into force from 1st April 2022. The National Living Wage will increase by 6.6 per cent from £8.91 to £9.50. From 1st April 2022, the National Living Wage...
by Adam Holby | Nov 12, 2021 | Compliance
With the UN Climate Change Conference – COP26 drawing to a close, we’ve teamed up with our partners at Flexr for an initiative to help balance our carbon emissions. For every worker registered with us before 31st December 2021, the team at Flexr have...
by Adam Holby | Aug 19, 2021 | Compliance, Legislation
There are 3 main operating models that you may have seen where it comes to PAYE Umbrella; Fixed Expenses Model Mileage Expenses Model Payroll Model For an in depth explanation of the 3 models, you can view an old but still relevant article by Contractor Calculator at...
by Adam Holby | May 10, 2021 | Compliance
Did you know that employees with multiple jobs may be able to pay a lower rate of Employees NI if they are already paying their full quota through another employer? Employees must pay the standard rate of 12% on earnings between £184-£967 per week, thereafter the rate...
by Adam Holby | Feb 26, 2021 | Compliance
This briefing from the Gangmasters & Labour Abuse Authority highlights the risks of using Mini Umbrella Companies in your supply chain and how to spot them. This is a payment model that has been highlighted by HMRC and officially labeled as a tax-avoidance scheme....
by Adam Holby | Feb 11, 2021 | Legislation
If you deferred VAT payments due between 20th March and 30th June 2020 and still have payments to make, you now have options when it comes to repayments. You can: • pay the deferred VAT in full now • join the VAT deferral new payment scheme – the online service is...
by Adam Holby | Feb 5, 2021 | Legislation
There is just under a month to go until Wednesday 3rd March, when the government will publish the Budget. The annual Budget usually includes statements on pay, taxes, benefits and other financial issues. Last year’s Budget was very different to other years, as Rishi...
by Adam Holby | Jan 25, 2021 | Compliance, Legislation
EU, EEA or Swiss citizens currently employed to work in the UK can continue to do so despite Brexit. The Government’s EU Settlement Scheme was introduced to allow existing EU, EEA and Swiss citizens residing in the UK to continue living and working in the UK...
by Adam Holby | Dec 1, 2020 | Legislation
The Government has announced the National Living Wage (NLW) and National Minimum Wage (NMW) rates which will come into force from 1st April 2021. The National Living Wage will increase by 2.2 per cent from £8.72 to £8.91, and will be extended to 23 and 24 year olds...
by Adam Holby | Jul 20, 2020 | Compliance
In keeping with the House of Commons’ ‘financial privilege’ that the House of Lords will not amend a money bill, Finance Bill 2019-21 passed its second reading in the Lords on Friday. It then passed its committee stage, report stage and third reading as formalities in...
by Adam Holby | Jun 2, 2020 | Compliance
On Friday 29th May, the government announced some updates to the Coronavirus Job Retention Scheme and their plans around getting the country back to work. You can view the government’s published announcement here –...
by Adam Holby | May 5, 2020 | Compliance
Coronavirus has caused disruption for many business owners, leaving them struggling with finance and cash flow issues. The Coronavirus Business Interruption Loan Scheme (CBILS) has had an extremely low acceptance rate and due to the banks carrying a 20% risk of loss...
by Adam Holby | Apr 16, 2020 | Compliance, Legislation
The Coronavirus Act 2020 Functions of Her Majesty’s Revenue and Customs (Coronavirus Job Retention Scheme) Direction The Treasury, in exercise of the powers conferred by sections 71 and 76 of the Coronavirus Act 2020, give the following direction: 1. This direction...
by Adam Holby | Apr 7, 2020 | Compliance
Here are some aspects of the guidance that will be important to temp or contractor employment businesses / recruitment agencies: EMPLOYEES YOU CAN CLAIM FOR Only those workers who were on payroll on or before 28th February 2020 can be furloughed. What does this mean?...
by Adam Holby | Mar 27, 2020 | Compliance
You will no doubt have seen the recent government announcements around furloughing employees’ and the government covering the cost of this for 80% of their usual wages up to £2,500 per month. It seems pretty straight forward for your own recruitment consultants and...
by Adam Holby | Mar 26, 2020 | Compliance, Legislation
Coronavirus Job Protection Scheme The finer details of the scheme and eligibility of agency and umbrella company workers is still unclear. However, as a responsible employer, we felt it was time to take action. All workers that were registered with Fair Pay Services...
by Adam Holby | Jul 11, 2019 | Compliance, Legislation
The government have released the draft Finance Bill today. It has been confirmed that the deadlines and determinations that were previously discussed have not changed. They have published this legislation in draft for technical consultation before the relevant...
by Adam Holby | Jul 5, 2019 | Legislation
It has been announced by Treasury Minister, Jesse Norman, that the draft Finance Bill will be published on Thursday 11th July 2019. It is expected that the government will release draft clauses for incoming fiscal changes, along with accompanying notes, information...
by Adam Holby | Jun 18, 2019 | Compliance
Fair Pay Services are extremely pleased to announce that we have now been accepted as a TEAM Service Provider, further demonstrating our commitment and approach to compliance, contractor welfare and best practice within the industry. You can view our member profile...
by Adam Holby | Jun 11, 2019 | Compliance
The Government’s consultation on proposed changes to off-payroll working in the private sector closed at the end of May. The impending changes will have a large impact on Limited Company / PSC Contractors when they are introduced in April 2020. What is IR35? The...
by Adam Holby | Jun 7, 2019 | Compliance
Is your current payroll provider offering unrealistic savings or rebates on your employment costs? Do you have a ‘PAYE’ product that costs your workers nothing other than standard PAYE deductions but also doesn’t cost you any timesheet processing fees or your...
by Adam Holby | May 9, 2019 | Compliance
We are absolutely delighted to announce that following an extremely rigorous and in depth audit of our processes and systems, Fair Pay Services have passed and been awarded Approved Provider status with Professional Passport! Who are Professional Passport? ...
by Adam Holby | Apr 12, 2019 | Legislation
What is IR35? The Intermediaries Legislation (IR35) was introduced in 2000 and aimed to remove the tax advantage of providing services via a limited company where it could be proved that were it not for the limited company, the actual business relationship between the...
Recent Comments