Essential updates for employers: Autumn 2024

In our Autumn employer update, we cover the vital updates and developments affecting employers and employees in the UK. Whether you’re an experienced employer or just starting out, this guide will supply you with the knowledge and tools you need in the evolving world of UK employment. 

PAYE payment deadline 

The deadline for employers to make PAYE payments to HMRC is 22nd of each month. For December 2024 this falls on a Sunday. Employers must therefore ensure that their PAYE/NI payment clears HMRC’s bank by Friday 20th December. 

Paying new employees correctly 

Taking on a new employee involves a lot of tasks, including getting all the information to make sure you pay them correctly. Follow these steps to avoid mistakes during the onboarding process. 

• Ensure you get accurate personal information and double check it against official documents (passports, driving licence and recent utility bills) 
• Full name 
• Date of birth 
• National Insurance number 
• Bank account details 
• Find out about previous employment to ensure you use the correct starter declaration code and tax code. If your new employee does not have a P45, use the online starter checklist to find the appropriate codes. 

Dealing with leaving employees 

When an employee decides it’s time to leave it may come as a shock. Handling it professionally will ensure the process is smooth and keep your other employees motivated. Read our guide What to do when an employee leaves to find out more. 

Budget – 30th October 

Employers should keep an eye on the Budget announcement to stay up to date with changes. Speculation includes an increase to the employers’ national insurance rate of 13.8%, sign up to our newsletter for a clear update on the day. 

Christmas - payments to employees 

If your pay day is usually at the end of the month, you may be considering paying your team early so they have the money at Christmas time. If you do decide to do this, you can continue to report your payday as the normal date on your Full Payment Submission (FPS). 

Christmas gifts and parties 

Gifts that meet certain conditions are exempt from tax and NIC for both employees and employers. This includes non-cash gifts that don’t exceed £50 per employee. You can read more in our guide to staff gifts and parties. 

Employee hours reporting on hold 

Plans requiring employers to report employee hours and dividends paid to directors on Real Time Information (RTI) reports from April 2025 are on hold. The requirements will be delayed until at least April 2026, with further updates to follow. 

Fair tipping now in effect 

From 1st October 2024, new tipping legislation is in effect. The legislation confirms details on how tips should be allocated and paid to employees. 

How TaxAssist Accountants can help   

This guide has helpful information about payroll changes. Remember, TaxAssist Accountants East Kilbride has a team that can help with all your payroll needs. Contact us today on 0141 632 1863 or use our online contact form.     

Date published 13 Sep 2024 | Last updated 13 Sep 2024

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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