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Category Archives: Budget

Pay freeze for MP’s

Public sector pay freezes as outlined in the June 2010 Budget have now been confirmed for public sector employees earning more than £21,000 per annum. Those earning less than that amount will receive £250 for 2011/12. With that in mind MP’s have accepted a pay freeze to their salaries at £65,738. This was decided without [...]

Payroll services – what did the Budget bring?

Well, it wasn’t the most exciting of budgets, but then with the current state of the economy it was never going to be. Plenty of bad news has been delivered in recent Budgets and statements and so the room for economy-boosting measures must be limited. Here at Payplus the one thing that got our attention [...]

Regional Employers NIC’s Holiday – guidance

The announcement in the Budget about the possibility for some new businesses to have a holiday from paying NI has now been followed up with guidance being issued. The regulations came into force on 6 September 2010. New businesses (formed since 22 June) may be able to qualify for a reduction of up to £5,000 [...]

Regional Employer National Insurance Holiday – Q&A's

Under measures announced in the June 2010 Emergency Budget new businesses within certain regions of the UK won’t have to pay National Insurance for their first 10 employees. The tax break, which is said to be worth up to £5,000 for 400,000 businesses, is expected to last three years and will allow businesses to avoid [...]

NI tax breaks for start up businesses

Under measures announced in the June Emergency Budget new businesses outside London and the South East won’t have to pay National Insurance for their first 10 employees. The tax break, which is said to be worth up to £5,000 for 400,000 businesses, is expected to last three years and will allow businesses to avoid NI [...]