5 Key Payroll Issues to Consider and Tackle in 2018
2018 will be a busy and complicated year for payroll professionals. There are many upcoming payroll industry changes that businesses and payroll professionals must consider and tackle. To help you avoid payroll issues and to ensure compliance our global award winning payroll specialists have highlighted the Top 5 Payroll Issues of 2018.
1. GDPR and Payroll
The General Data Protection Regulation (GDPR) will come into effect… Continue reading
Budget 2017 – What Payroll Professionals Need To Know
November 22nd 2017 saw the chancellor, Philip Hammond, unveil the autumn budget. After reviewing budget 2017 we have highlighted below key points of note for payroll professionals.
National Living Wage and National Minimum Wage
The National Living Wage is set to increase by 4.4% (from £7.50 to £7.83).
The National Minimum Wage is also set to increase, the hourly rate increase by age groups are as follows:
HMRC Student Loan plan thresholds set to increase
April 6th 2018 will see the HMRC Student Loans thresholds increase. Currently, until April 5th 2018, the Plan 1 loan threshold is £17,775 while the Plan 2 threshold is £21,000.
In the next tax year (i.e. from April 6th 2018) the Plan 1 loan threshold will increase by just over 3% to £18,330 while the Plan 2 threshold will increase by 19% to £25,000.
So what do employers need to do?
When… Continue reading