Scottish Student Loans 2021 – type Plan 4

6th April 2021 sees the commencement of Student Loan deductions type Plan 4. On 9th June 2018 Scotland’s First Minister announced that Scotland will raise their student loan earnings threshold to £25,000 from April 2021. This will be for new and existing borrowers and the repayment period reduced to 30 years from 35 (in line … Continue reading Scottish Student Loans 2021 – type Plan 4

UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19

new figures highlight Government support in protecting jobs and helping individuals across all four nationsstatistics for Coronavirus Jobs Retention Scheme and Self-Employment Income Support Scheme show uptake of schemesnew figures also reveal size and sector of businesses furloughing staff Under the CJRS, up until the 31 May more than 6.4 million jobs were furloughed in … Continue reading UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19

Scottish Tax Changes come into force from 11th May 2020

Effective 11th May 2020 Scottish tax payers will see adjustments in their next payments from 11th May 2020 as the Scottish budget changes come into live operation. The changes are backdated for cumulative tax calculations to the start of the tax year 6th April 2020. Scottish Parliament at Holyrood, Edinburgh Scottish tax payers will see … Continue reading Scottish Tax Changes come into force from 11th May 2020

Furlough and employees transferring #COVID19 #coronavirus

The government have confirmed that furlough and the Coronavirus Job Retention Scheme can be applied under a number of transfer situation. April is a popular time for the transfer of employees either within pre-existing business splits or under new ownership arrangements. The government confirm that:- Employee transfers under TUPE and on a change in ownership … Continue reading Furlough and employees transferring #COVID19 #coronavirus

At last! The updated tax calculation specification #Budget2020

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/876522/PAYERout_v18.0.pdf HM Revenue and Customs have published the SPECIFICATION FOR PAYE TAX TABLE ROUTINES version 18.0 and distributed to software developers Monday 30th March 2020. This specification defines the legal basis for the calculation of Income Tax in the UK. Tax calculation for England, Northern Ireland and Wales remain unchanged. The Scottish Parliament budget process … Continue reading At last! The updated tax calculation specification #Budget2020

GPA – uniting payroll #COVID19 #coronavirus #Budget2020

https://globalpayrollassociation.com/products/uniting-payroll Friday 27th March saw the ‘three payroll musketeers’ unite payroll with a free virtual symposia UK update. Simon Parsons joined Kate Upcraft and Ian Holloway to discuss government change in relation to the new tax year and emergency measures dealing with #COVID19 #coronavirus. The host was the Melanie Pizzey of GPA. All four are … Continue reading GPA – uniting payroll #COVID19 #coronavirus #Budget2020

Scottish tax changes applicable from Monday 11th May 2020

The Scottish government have confirmed that the ‘management of the income tax.. for Scotland ... is the responsibility of HMRC. Due to the timing of the Scottish, Welsh and Westminster Budgets...an update will be issued and an agreed date .. provided as soon as possible in 2020/21’. Scottish Parliament HMRC have today confirmed that the … Continue reading Scottish tax changes applicable from Monday 11th May 2020

When will Scottish tax changes go ahead?

So the Westminster budget has happened and the personal allowance for the UK left at £12,500. So no change for England, Northern Ireland and Wales. The Scottish Parliament have approved changes to Scottish taxation, yet the GOV and HMRC have issued last years values and not the Scottish Parliament set bands and thresholds! What is … Continue reading When will Scottish tax changes go ahead?

Budget 2020 – the payroll highlights!

‘This budget gets it done’ Base rate cut Bank of England cuts base rate to 0.25% #coronavirus #COVID19 SSP measures For Coronavirus, day 1 right to SSP. For employers with under 250 employees the amount is fully recoverable for up to 14 days leave per employe. Employers to be offered time to pay in relation … Continue reading Budget 2020 – the payroll highlights!

Scottish budget set for Thursday 6th February 2020

The Scottish Government’s budget will be published on 6 February 2020, Finance Secretary Derek Mackay has announced. It comes after the UK Government confirmed their budget would be delayed until 11 March 2020. Mr Mackay said: “The UK Government’s approach to the Scottish Budget has been completely unacceptable and has shown a disregard for devolution … Continue reading Scottish budget set for Thursday 6th February 2020