Breaking Down UK 2024 Budget and Its Impact On Payroll | Payroll Question Time November
Join Nick Day and our expert payroll panel on Payroll Question Time as we explore all the key issues currently affecting the world of payroll!
Title: 🌟 Breaking Down UK 2024 Budget and Its Impact On Payroll 🌟
Host: 🎙️ Nick Day, CEO of specialist Payroll Recruitment Agency, JGA Recruitment Group
Episode Overview:
Payroll Updates brought to you by The Payroll Podcast and SD Worx. Hosted by JGA Recruitment Group’s very own Nick Day, in this episode, our expert panel dissects the impact of the UK’s 2024 budget on payroll compliance, business costs, and the evolving regulatory landscape.
Key Topics Discussed in this Episode:
- 2024 Budget Impacts on Payroll: Analysis of national minimum wage increases, employer National Insurance changes, and their effect on business costs.
- Mandatory Payrolling of Benefits in Kind (PBIK): Insights into the upcoming 2026 requirements and challenges with compliance and software readiness.
- Salary Sacrifice Compliance: Risks and adjustments businesses need to make to align with national minimum wage regulations.
- Offshoring Talent: Growing trend of outsourcing payroll and hiring abroad to manage rising UK employment costs.
- Tax Advice Market Regulation: Exploration of the upcoming regulation changes and their implications for payroll professionals and bureaus.
Our Panel and Useful Links From This Episode:
- 👤 Simon Parsons, Director of UK Compliance Strategies at SD Worx
- 👤 Karen Thomson, UK Payroll Director, AAB
- 👤 Matthew Akrigg, Policy and Research Officer, CIPP
- 👤 Richard George, Director of Education, The Payroll Centre
- 👤 Host Nick Day’s LinkedIn Profile
- 📢 JGA Payroll Recruitment
- 🎧 Check out our sister podcast, The HR L&D Podcast
PAYROLL LEADERS – I CALL YOU ALL TO ACTION! 📢
🙏 Thank you for tuning in to The Payroll Podcast. Stay tuned for our next episode, where we continue to dive into the fascinating world of payroll! 🎧🌍
If you need the support of a payroll recruitment agency to help fill your next payroll vacancy, please please contact me! I possess over 20 years of payroll recruitment agency expertise and I would love to help! [email protected] or call 01727 800377
Find out more at: www.jgarecruitment.com.
Thanks for listening! Please review and subscribe to the show (it only takes a minute)
