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Changes and updates to Tax and National Insurance Rates coming into effect on 6th January 2024.

Within the statement released by the Chancellor of the Exchequer, was a rundown of changes being implemented in how National Insurance is paid, which means there are some key points to note which can help avoid costly payroll mistakes after the new year.

Free Yourself from Fees: Why Small Businesses Should Take Control of Payroll with MyPAYE

As a small business owner, you wear many hats. Marketing, sales, operations, the buck stops with you. But payroll?

Update to Scottish Income Tax Rates for 2024-25

The key income tax changes taking force from 6 April 2024 in Scotland were announced by the SNP’s Finance Secretary, Shona Robison, as she released a new plan for Scottish income tax rates which will impact payroll operations. The Scottish Government also announced a newly introduced 45 per cent income tax band for people earning between £75,000 and £125,140 per year.

What is a P11D Form – and why is it so important to payroll compliance?