Update from DRG Chartered Accountants
Tax-Free Childcare replaces the Childcare Voucher Scheme
Tax-Free Childcare will replace the existing Childcare Voucher Scheme from the 6 April 2018. Parents already receiving childcare vouchers will be able to continue to use them after April if their current employer continues to offer the voucher scheme, but no newcomers will be accepted. Tax-Free Childcare was launched last April and has gradually been rolled out over the past 12 months.
Read more
Pension Contribution Increases
Workplace pension contributions will be going up for both the employee and employer. The minimum employee contributions will go from 1% to 3% and the minimum employer contributions will go from 1% to 2%. These changes will take effect from the April payroll. Read more
GDPR and the introduction of Portal Payslips
From May 2018, the DRG Payroll Department will no longer be able to email out payslips directly to employees. This is because email is not accepted as being a secure way of transmitting information under GDPR. To comply with GDPR regulations, DRG will be introducing Sage Online Payslips which will allow employees to access their payslips from any device 24/7 via a secure online portal. Read more
Are you making the most of your Apprenticeship Levy funds?
Employers who aren’t paying into the Levy will still be able to obtain training under a co-investment scheme. This means your organisation will have to pay 10% towards the cost of training, with the government taking on the other 90% (up to the funding band maximum). Read more
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