Budget special, exploring the payroll implicationsThursday, March 24th, 2011
The Chancellor presented his annual Budget to Parliament on 23 March so this week’s newsletter explains those announcements that are relevant to payroll.
The Budget did not contain many surprises, although the plan to consult on merging PAYE tax and NICs would have been unexpected had not the Office of Tax Simplification published their recommendations in advance. A few of the tax reliefs that are likely to be scrapped will not be welcome, especially the late-night taxi exemption. The increase in the mileage allowance limit to 45p is a long-overdue adjustment.
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