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HMRC Interest Rate Increase

HMRC has confirmed changes to its interest rates following the Bank of England’s decision on 5 November 2026 to raise the base rate from 3.75% to 4.00%. These adjustments affect late payments, repayments, and related tax regimes. Separately, the official rate of interest used for beneficial loans remains at 3.75%. These rates apply across major […]

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Employment Rights & Workplace Policy

Automatic Enrolment – 2027-28 Tax Year Update

Automatic enrolment (AE) means employers are mandated to enrol all eligible workers into a qualifying workplace pension.  The earnings trigger indicates which employees meet the earnings threshold for automatic enrolment, and the qualifying earnings bands, (the lower and upper limits) indicate the levels between which contributions are calculated.  Currently, total pension contributions must be at […]

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Uncategorized

Budget 2026 

Post Budget delivery on Wednesday 28 October, what are the implications for Payroll?  Personal Allowance  No increase to the Personal Allowance, it will remain frozen until 2031.  The UK Tax rates and thresholds will also remain unchanged.  National Insurance  The weekly Lower Earnings Limit will increase by CPI 3.5% rising from £129 to £133.  All […]

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Employer Compliance & Best Practice

How to Payroll Benefits in Kind from April 2027: Calculation Steps and Class 1A Rounding Rules

From 6 April 2027, employers must payroll certain benefits in kind (BiKs) and report the associated Income Tax and Class 1A National Insurance contributions in real time through the Full Payment Submission (FPS). Phase 1 covers company cars, car fuel, vans, van fuel and employer-provided medical benefits. Any other BiKs that an employer chooses to […]

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Employment Rights & Workplace Policy

Flexible working rejections

With flexible working high on the government agenda ensuring business have effective processes in place to handle requests is vital, especially as legal there will be legal requirements placed on employers to ensure that they are diligently reviewing requests.   All employees have a day one right to request flexible working and employers are expected […]

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