Tanguy Coatmellec’s Post

We are happy to share the July 2024 edition of our Employment Tax and Law Newsletter, bringing you the latest news on what’s happening in the Irish Employment Tax and Law landscape. In this publication we can guide you through the latest developments in Pension Auto-Enrolment; PRSI rate increases and the increase in upper age limit for state pension and PRSI treatment. Read the full update here- https://lnkd.in/e3DUNQXy

We are happy to share the July 2024 edition of our Employment Tax and Law Newsletter, bringing you the latest news on what’s happening in the Irish Employment Tax and Law landscape. In this publication we can guide you through the latest developments in Pension Auto-Enrolment; PRSI rate increases and the increase in upper age limit for state pension and PRSI treatment. Read the full update here- https://lnkd.in/eryrUgWB

EY's Employment Tax and Law Newsletter provides the latest tax and immigration updates.

The Upper Tribunal confirmed in Mathur v HMRC that a payment from a former employer in settlement of employment tribunal proceedings was taxable as employment income because it was received “directly or indirectly in consideration or in consequence of, or otherwise in connection with” the termination of employment, under Section 401 of the Income Tax (Earnings and Pensions) Act 2003. For more details on this case and other developments, see the March 2024 edition of the Employment Bulletin by Philip Linnard, Philippa O'Malley, David Rintoul and Helena Davies. #employmenttax #tax #employmentlaw

Pension auto-enrolment is coming and PRSI is going up again. What's behind these changes in Ireland? 🔗 https://lnkd.in/ecHMvPTY   As payroll and HR teams get ready for more legislation and compliance changes, take a closer look at why they're happening - and how to be ready. #irishpayroll

In the wake of recent developments, we are pleased to provide insights from JD Supra into Pension-Linked Employee Savings Accounts (PLESAs) under the Secure 2.0 Act. PLESAs are short-term savings accounts that are established and maintained within a defined contribution plan. The legislative intent of a PLESA is to allow low- and middle-income employees to use payroll deductions to accumulate funds that they can use in the event of an emergency.    Here are the top 5 things employers should know:   https://lnkd.in/ejmBcA2e

The December edition of the Employer Bulletin brings you all the latest HM Revenue & Customs updates and guidance to support employers, payroll professionals and agents. Included in this edition are important updates on: • employer National Insurance contributions and Employment Allowance changes announced at Autumn Budget 2024 • automatic enrolment duties for festive season workers • confirming plans to mandate the reporting of benefits in kind through payroll software from April 2026 • the official rate of interest from 6 April 2025 • Investment Zone employer National Insurance contributions relief guidance • helping your employees top up their State Pension Read the Bulletin by going to https://lnkd.in/e8X9ZvR8

With the change in leadership within the UK government, there will be some fundamental changes affecting payroll and HR in the coming months. The article below touches on some of the changes the UK will go through. https://lnkd.in/erYDyTg3 #pensions #hr #payroll #livingwage #changingtimesahead

Becoming an employer is a big step with both advantages and challenges. Ready to make the leap? Here are a few things you need to consider 👇 1️⃣ Register with HMRC - Register as an employer before the first payday. - Receive employer PAYE reference and accounts office reference numbers. 2️⃣ Set Up Payroll - Implement a payroll system to calculate wages and ensure correct tax and NICs. - Use HMRC’s free ‘Basic PAYE Tools’ or payroll software. 3️⃣ Check Employment Rights - Comply with employment rights, including minimum wage, working hours, and workplace safety. 4️⃣ Draft Employment Contracts - Provide written contracts for all employees. - Include job role, salary, working hours, and terms of employment. 5️⃣ Consider Pensions - Offer a workplace pension scheme and auto-enroll eligible employees. - Submit a ‘Declaration of Compliance’ to the Pensions Regulator. 6️⃣ Maintain Records - Keep accurate records of employee details, pay, and tax information. If you’re considering becoming an employer, read our latest blog for more tips 👉 https://buff.ly/3WgRWOC

Who should be responsible for ensuring that all agreed-upon processes related to National Minimum Wage Governance are faithfully adhered to? Is it the HR department? Is it payroll? OR could it be operations or finance? The CIPP's recent survey of businesses suggested: > 70% said payroll was responsible > 26% believed this was HR's duty > 2% thought this role was set within finance > 2% stated that the head of tax is responsible If HMRC were to carry out a National Minimum Wage (NMW) investigation, the responsibility would shift between various departments, often ultimately falling under the jurisdiction of the head of tax. This frequently requires a rapid familiarisation with the complexities of NMW rules and regulations. Proactively assigning NMW governance within an organisation could prevent uncertain outcomes. Perhaps collaborating with a compliant umbrella payroll company can support you in managing governance related to tax, wages, pensions, and employment legislation.