Payroll

Payroll changes this tax year that affect what you pay staff

A plain-English rundown of what's changed and what it means for your next pay run.

Yes. Tax year changes to thresholds, National Insurance and pensions can change net pay and HMRC submissions. They should be applied before the first pay run of the new year.

Payroll changes this tax year that affect what you pay staff

Payroll is easy to treat as a set-and-forget task until a tax year change lands. Thresholds, National Insurance and pension contributions can all move, which changes what you pay staff and what you remit to HMRC.

If payroll is outsourced, those updates should be applied before the first pay run of the new year — not discovered when an employee asks why their net pay looks different.

Previous The VAT return mistakes we see small businesses make most often Next article Why “I’ll sort my bookkeeping at year end” always costs more
Get Started

Get Your Accounting Review

We'll review your current accounting setup and show you where you could save time, money and tax.

Get Your Accounting Review
info@pnlaccountants.co.uk