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Payroll and Rewards Update 2023
This webinar from the Tax Faculty covers recent and upcoming changes in Payroll, Rewards and Employment taxes.
TAXguide 01/23: Payroll rates, allowances and thresholds in 2023/24
PAYE rates, thresholds, allowances, etc for employers in 2023/24 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.
Benefits and expenses
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Payroll and Rewards Update 2024
- Webinar
- 10 Apr 2024
This webinar from the Tax Faculty will provide an update on all the recent and upcoming changes to payroll, rewards and employment taxes in 2024/25.
Employee share schemes, 9th ed.
- Library book
- 22 Feb 2024
This book reviews key issues and techniques involved in establishing and operating share schemes. It includes worked examples to illustrate complex calculations and precedents to assist with implementing and understanding the operation of each scheme.
Long term approach required for occupational health policy
- Article
- 12 Oct 2023
When devising healthcare policy, the government needs to take a holistic approach. This includes considering the trade-off between the cost of tax reliefs now with the reduction in spending in the future on healthcare and health-related social security benefits.
Exclusive
Is it time for employers to start payrolling benefits and expenses?
- Article
- 03 Aug 2023
Peter Bickley shares his thoughts on the advantages and considerations when payrolling benefits.
Company car tax
Exclusive
Taxation of company cars
- Webinar
- 28 Feb 2024
This webinar covers the tax issues for both employer and employee when the employer provides their employee with a company car.
Tax news in brief 29 November 2023
- Article
- 28 Nov 2023
Highlights from the broader tax news for the week ending 29 November 2023, including: HMRC’s compliance professional standards; VAT group registration delays; advisory fuel rates; and changes to HMRC’s Apprenticeship Levy Manual.
HMRC updates guidance on charging company-provided electric cars
- Article
- 26 Sep 2023
HMRC accepts that no taxable benefit arises where an employer reimburses their employee for the cost of charging a company-owned, wholly electric car that is available for private use.
Tax news in brief 30 August 2023
- Article
- 29 Aug 2023
Highlights from the broader tax news for the week ending 30 August 2023, including: HMRC service standards; advisory fuel rates; and a new HMRC technical manual.
IR35
Government cuts NIC rates again for employees and self-employed at Spring Budget 2024
- Article
- 06 Mar 2024
From 6 April 2024, the headline rate of NIC will fall from 10% to 8% for employees, and from 9% to 6% for the self-employed. The government will also consult on how it will abolish Class 2 NIC.
ICAEW suggests changes to offsets under off-payroll working rules
- Article
- 26 Feb 2024
A single determination of tax and NIC would simplify the offsetting process. The deemed employer should have the right to appeal against a determination.
Off-payroll working (IR35): offsets of tax and NIC
- Article
- 30 Jan 2024
Consultation on draft legislation and guidance for offsetting tax and NIC when an employment status determination is changed to ‘employed’.
Off-payroll working and umbrella companies – what good looks like
- Article
- 05 Dec 2023
HMRC has published guidelines to help organisations and contractors involved in off-payroll working (OPW) / IR35 understand what HMRC considers good practice.
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Find out more National insurance
Tax news in brief 13 March 2024
- Article
- 12 Mar 2024
Highlights from the broader tax news for the week ending 13 March 2024, including: the publication of legislation providing for the Spring Budget NIC cuts; changes made by secondary legislation across a range of areas, including R&D tax relief, PAYE and CIS; new HMRC guidance on ISAs; and the opportunity to claim a refund for Italian VAT paid on goods and services related to Italian business activities.
Outlook for public finances broadly unchanged
- Article
- 07 Mar 2024
Chancellor cuts national insurance again but defers difficult decisions on public spending until after the general election.
A pre-election Budget lacking in rabbits or hats
- Article
- 06 Mar 2024
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
Government cuts NIC rates again for employees and self-employed at Spring Budget 2024
- Article
- 06 Mar 2024
From 6 April 2024, the headline rate of NIC will fall from 10% to 8% for employees, and from 9% to 6% for the self-employed. The government will also consult on how it will abolish Class 2 NIC.
PAYE and RTI
Tax news in brief 13 March 2024
- Article
- 12 Mar 2024
Highlights from the broader tax news for the week ending 13 March 2024, including: the publication of legislation providing for the Spring Budget NIC cuts; changes made by secondary legislation across a range of areas, including R&D tax relief, PAYE and CIS; new HMRC guidance on ISAs; and the opportunity to claim a refund for Italian VAT paid on goods and services related to Italian business activities.
Outlook for public finances broadly unchanged
- Article
- 07 Mar 2024
Chancellor cuts national insurance again but defers difficult decisions on public spending until after the general election.
A pre-election Budget lacking in rabbits or hats
- Article
- 06 Mar 2024
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
Modest boost to public finances won’t stop taxes rising
- Article
- 21 Feb 2024
Prior month revisions boost public finances despite worse than expected self assessment receipts, as a think tank says tax cuts in the Budget will be sandwiched between tax rises in the years before and after.
Calculating NIC for directors in 2023/24
- Article
- 23 Jan 2024
ICAEW’s Tax Faculty explains how to calculate national insurance contributions (NIC) for directors this year including where the alternative method is used.
Exclusive
Q&A: January 2024
- Helpsheets and support
- 12 Jan 2024
If your firm provides payroll services to an audited entity there are implications for the auditor. This Audit & Assurance Faculty Q&A outlines the considerations.
Tax by country
A summary of resources available online and in print for taxation across the world, including double tax treaties and local tax guides.
Watch a Tax Faculty webinar
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