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We finally have the furlough pay clarification we need

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Industry News

Off-payroll still going ahead as planned

There has been further pressure on the Government to delay the private sector off-payroll working changes due to take effect in April 2021. The amendment followed a recent report by the House of Lords which found the off-payroll legislation to be ‘riddled with problems, unfairness, and unintended consequences’. Nevertheless the Government still believe that the changes are necessary and have rejected the amendment so the reforms are due to go ahead as planned in April.

Thu 21st May, 2020 | Julian Ball

Industry News

We finally have the furlough pay clarification we need

When the Government introduced the Coronavirus Job Retention Scheme (CJRS) the country breathed a sigh of relief. However it was short lived for our umbrella employees because once we had all digested the guidance, it was clear that the Government hadn’t fully considered the way in which an umbrella employee works, and more specifically how the definition of regular salary should be interpreted for such an employee.

Mon 4th May, 2020 | Paul Malley

Industry News

Why furlough pay isn't straight forward for umbrella employees

In this article we look at the challenges around furlough for umbrella employees. In particular the frustration and confusion created by differing opinions as to whether furlough pay is calculated on gross pay or basic pay.

Thu 30th Apr, 2020 | Paul Malley

Industry News

The Coronavirus Act 2020 and the furlough pay calculation

In this article we take a look at the question that is proving so controversial: how do you calculate furlough pay for umbrella workers? But before we go into the legal technicalities we think it is important to say that this could be cleared up in a minute if the Government were to say; “for umbrella companies it works in this way.”

Thu 30th Apr, 2020 | Julian Ball

PayStream News

The sector joins forces for our umbrella employees

The updated Government guidance on the 4th April was welcomed by the sector as it confirmed that eligible umbrella workers were included in the Coronavirus Job Retention Scheme (CJRS).

Thu 9th Apr, 2020 | Paul Malley

Personal Tax

Personal Tax Planning for the 2020/21 Tax Year

The start of the new tax year on 6 April 2020 has passed virtually unnoticed against the backdrop of current events. A further Budget is scheduled for November this year at which the Chancellor is likely to outline his plans to recoup the enormous cost to the country of the financial measures introduced to combat the effects of the COVID-19 virus. Have you considered your tax plan for the upcoming year?

Tue 7th Apr, 2020 | David McManus

Industry News

Off-payroll working delayed until April 2021

A shock announcement last night saw Chief treasury secretary Steve Barclay announce that the change to the off-payroll working rules will be delayed for one year to 6th April 2021.   This is part of additional support for businesses and individuals to deal with the economic impacts of Covid-19. The delay means that the different rules that exist for inside and outside the public sector will continue to apply until 6 April 2021.

Wed 18th Mar, 2020 | Kerry Hull

Industry News

Budget 2020 - The Headlines

In the first UK Budget since Spring 2018, the new Conservative Chancellor of the Exchequer, Rishi Sunak, today had to factor in the major financial, business and societal disruption caused by the outbreak and threat of the COVID 19, or coronavirus.

Wed 11th Mar, 2020 | David McManus

News

Sam volunteers at Street League

At PayStream, we are committed to making a difference to those in our local community, which is why we have partnered with Benefacto, an organisation that works with small charities to provide professional volunteers who spend a one off day in work hours to come along and help out with sessions.

Sun 8th Mar, 2020 | Tom Sweeney

PayStream News

Steven's PayStream journey

Steven has been working at PayStream for the past couple of years as our Senior Digital Marketing Executive. He looks after all content for the company's social media channels, as well as contributing to our email campaign strategy, SEO management, video creation, webinar hosting and literature design. We wanted to find out a little more about Steven and his PayStream journey.

Fri 28th Feb, 2020 | Tom Sweeney

Contractor Info

The Big Picture - February 2020

With the introduction of the new legislation due in a matter of weeks you will spot a trend with this month’s newsletter – help and advice regarding the off-payroll working legislation. For instance, if you’re a limited company contractor affected by the changes, you may not be aware of how an umbrella company differs from an agency payroll, so we explain the difference between the two and the benefits that can be gained from working as an umbrella company contractor.

Thu 27th Feb, 2020 | Paul Malley

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