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Ashby Payroll Bureau News

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Interactive AE guide for small employers launched by TPR

The Pensions Regulator (TPR) has produced a new, interactive, step-by-step website guide to help reduce the challenge of auto-enrolment for the UK’s smallest employers. With around 1.8 million small and micro businesses staging for auto-enrolment over the next two and...

Auto Enrolment and Directors – what are the rules?

Automatic enrolment duties don’t apply when a company or individual are not considered an employer. You won’t have any duties if you meet one of the following criteria: you’re a sole director company, with no other staff your company has a number of directors, none of...

Pensions Regulator issues new guidance for choosing a pension scheme

The Pensions Regulator has issued updated guidance to employers to assist the selection of a pension scheme. TPR have made it more straightforward for employers to choose the right pension scheme with a suite of new information on their website on what to look out for...

New NI rates for apprentices from 6th April 2016

Do you employ apprentices under the age of 25? From 6 April 2016, if you employ apprentices under the age of 25 you may no longer need to pay employer Class 1 secondary National Insurance contributions (NICs) for them. The rate of Class 1 secondary NICs for certain...

7 steps to prepare for Automatic Enrolment

Planning for Auto Enrolment The seven steps to enrolment:   One  – Know your staging date The date that the new law applies to your company is known as your staging date. The Pensions Regulator recommends a planning period of 18 months prior to your go live date...

How is an Employer Payment Summary used?

At the time employees are paid, or before, RTI requires the FPS to be sent, giving details of the payments that have been made together with the associated tax, NICs and Student Loan deductions taken. However, whilst the FPS allows the employer to report the value of...

Summary of 2015/2016 Budgetary Changes

STATUTORY CHANGES FOR THE 2015/2016 TAX YEAR EFFECTIVE 6TH APRIL 2015 National Insurance £2,000 Employment Allowance This will continue to be applied automatically to your payroll if you are eligible, and will be offset against the Employer’s National Insurance...