As we approach the end of one tax year and the start of another, it is relevant to remind payrollers of their administration task which is the Basic Earnings Assessment (BEA). As you will remember, the tax exemption conditions changed at the start of tax year 2011/12, which affected employees who join / joined an [...]
The Autumn Statement on 29 November 2011 focused on the economy and the reducing growth forecasts as a result of European and Global influences. For payroll professionals, there were few surprises in the Statement. Whilst there is another change on the way in respect of the State Pension Age, even this cannot be said to [...]
We indicated in last week’s newsletter that some of the new NICs threshold figures were subject to confirmation. All of the figures have now been issued and two small changes have been made to the updated Table below. The changes are to the monthly and yearly secondary threshold figures.