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Welcome to our third quarterly
Payroll Bulletin of 2019

Keeping you up to date with ideas and information that help you understand the facts and figures necessary to be more effective and make smarter business decisions.

In this edition:

  • Revenue tests new trigger to increase the accuracy of PAYE codes
  • CIOT calls on HMRC’s to improve CEST tool for IR35
  • UK wages are rising more quickly than predicted

Business News

Revenue tests new trigger to increase the accuracy of PAYE codes

HMRC is trialling a new system which is intended to improve the accuracy of employees’ PAYE tax codes.

They believe as many as half a million tax codes being used by employers across the UK could be incorrect, leading to employees either overpaying or underpaying tax.
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CIOT calls on HMRC’s to improve CEST tool for IR35

Chartered Institute of Taxation (CIOT) has called on the in Government to make improvements to its online assessment tool for off-payroll working, warning that the new rules won’t operate effectively without it.

The Check Employment Status for Tax (CEST) tool has been developed by HM Revenue & Customs to help employers identify those contractors and consultants caught within the IR35 rules.
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UK wages are rising more quickly than predicted

The latest data on wage growth shows that in the three months from February to April wages rose faster than previously indicated.

During this period pay rose by 3.4 per cent compared to the same period 12 months ago, which after taking inflation into account, means that the average UK wage grew by 1.4 per cent.
Read More...

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