Rachel Reeves Rule Prevents Many from Earning £12.71 Per Hour Tuesday, June 30, 2026 livingwage smallbusiness employmentcosts youthemployment nationalinsurance minimumwage apprenticeships nics labourpolicy neet The introduction of what is being called the “Rachel Reeves rule” is impacting workers' ability to earn the national living wage of £12.71 per hour, a rate currently set for employees aged 21 and over. Meanwhile, … Read More
HMRC Phases in Changes to 94 Payment Rates Starting April 2027 Thursday, June 18, 2026 hmrc tax realtimereporting benefitsinkind nics payroll employers taxpolicy bio compliance HM Revenue and Customs (HMRC) has announced a delay and phased implementation for the mandatory real-time reporting of income tax and Class 1A National Insurance contributions (NICs) on specified benefits in kind (BiKs) and … Read More
Rachel Reeves’ Salary Sacrifice Rule Change Could Cause Greater Harm Than Expected Saturday, June 13, 2026 pensions salarysacrifice nics tax reform rachelreeves retirement savings government labour Rachel Reeves, Labour Party Chancellor, faces criticism over proposed changes to salary sacrifice pension contributions, with warnings that the impact may be far more severe than initially acknowledged. The reforms set to … Read More
HMRC Implements New Benefit-in-Kind Tax Rates, Affecting Thousands of Company Car Drivers Wednesday, April 8, 2026 hmrc benefitinkind tax companycars payroll emissions nics electricvehicles taxrates compliance HM Revenue & Customs (HMRC) has introduced new Benefit-in-Kind (BiK) tax rates effective this week, impacting thousands of company car drivers across the UK. These changes affect drivers of petrol, diesel, and electric … Read More