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04-12-2020

Advisory Fuel Rates Updates

Advisory fuel rates for company cars are reviewed against a number of areas including actual fuel costs, and are updated every three months, the latest being the 1st of December.

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04-12-2020

Confirmation of Tax and National Insurance Threshold forecast

​As part of the government’s recent Spending Review we were made aware of a fairly unexpected commitment to further increase in tax allowances as well as increases to Tax and National Insurance thresholds.

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04-12-2020

Confirmed review of the National Living Wage

The government supported the Low Pay Commissions recommendations around National Minimum and Living wage and as such announced the National Living Wage will increase by 2.2% to £8.91 an hour from April 2021 and importantly, as per last year’s budget commitment the reduction in age for NLW from the current 25 year start point to 23 years old.

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06-11-2020

Guide to determining status: fact finding/evidence gathering

HMRC has released new notes and guidance in the form of updates to the Employment Status Manual for employers and engagers to help to establish the facts at an interview around the status of a worker.

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06-11-2020

Further guidance – The Job Retention Scheme Extension

The 5th of November has seen Rishi Sunak give more details on and further changes to the extension of the Job Retention Scheme (CJRS) which will have a major effect on employers and payroll departments alike.

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06-11-2020

Self Assessment Deadline – 31 January

HMRC have sent an update and push to ensure individuals are aware that they need to complete their tax return ahead of the deadline on 31 January 2021, to make sure they have time to pay their tax bill or set up a payment plan.

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Carsten Staehr
CEO at Cintra HR & Payroll Services

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