The Office Concept

Payroll News

December 2011:

New Phone Number:

BT have now decided, after a month of telling us that we could keep our old number, that we can't. It has changed to: 01273 84 55 68.

We have moved:

We are now at our new address and would like to thank all the people who helped us move. We'd have been lost without Lynn, David, Megan and Hannah - a big thank you to you all. We are going to miss living next door to our old neighbours and hope that they come and visit us frequently. Our removal men did a sterling job for a very reasonable price. Their website is: www.direct-transport.co.uk - thanks again, Ian.

November 2011:

"E" Discount:

If you opt to receive all your payroll reports and employee's payslips by email, you can receive a discount on your fees. For nanny employers, click here and business customers please click here to find out more about these discounts.

October 2011:

Seven Million people's tax incorrectly calculated:

I'm not sure why we're always suprised this happens. It is obvious that sometimes, people pay the wrong amount of tax. If you change jobs and don't pass on your P45, use an emergency code or have a period of unemployment you may have paid too much or too little tax. What is suprising it that it's taken HMRC until now to work it all out. They say that the average underpayment is between £500 and £600, which seems quite a lot and suggests that there must be some tax at the higher rate involved. These rebates relate to 2007-08 or earlier, so I think we can expect this to be a regular story. Employers have to submit all their new employee's information online now but I don't think that's going to improve the situation. It takes HMRC longer to deal with the online submission of Annual Returns than it used to take them to deal with the paper ones.

Minimum Wage Increase from 1st October 2011:

From 1st October, the minimum wage rates are increasing. The standard rate is increasing from £5.93 to £6.08. For the other new rates, see our minimum wage page.

September 2011:

An End to the 50p Tax Bracket?

Lib Dems did announce that they are commited to the 50p tax bracket and are focused on protecting people on low incomes, but now they are saying it could be replaced by a "Mansion Tax". Will this raise the same amount of revenue or will it result in all the "Gummers Law" mansions decaying?

August 2011:

Closure of HMRC Bank of England Accounts:

With effect from 9 August 2011 you will no longer be able to use HMRC’s Bank of England accounts. Payments made into these accounts will no longer be accepted. You may be charged a late payment penalty and interest if your payment is not received by HMRC by the agreed deadline date. You must now use the new HMRC bank account details. UPDATE: it doesn't seem that this has actually happened. When making telephone or internet payments, your bank should have the correct details for all HMRC accounts.