Working Out Payroll Finances Together

New from April 2020…

There are a number of changes happening in the world of payroll in April 2020, with changes to Termination payments, the Employment Allowance, Car benefit rules, Parenting pay and ‘Off-payroll’ rules all coming into effect in the new tax year. Moneysoft is working to ensure that all of these changes will be handled smoothly by…

State Pension Age

State Pension Age The State Pension age is the earliest age that an individual can start receiving their State Pension, and is worked out based on the date of birth. If an employee chooses to continue to work after reaching their State Pension Age then their subsequent earnings are not liable to employee National Insurance…

PAYE Accounts Office reference number

PAYE Accounts Office Reference number The employer’s PAYE Accounts Office Reference number is a unique, 13 character code displayed on the vast majority of communications received from HMRC. Accounts office reference numbers all have the same strict format: The three digit number of your tax office (e.g. 123) Two alpha characters (e.g. PA) Eight numeric…

New feature to correct earlier year FPS

Do you need to correct employee pay information for 2018-19? In the past, if you had a correction to make in the payroll for a previous tax year, HMRC required that you sent an ‘Earlier Year Update’ (EYU) to inform them of these changes. HMRC have now changed their rules, and allow the submission of…