PAYE
PAYE (Pay As You Earn) remains an essential payroll system for jewellery retailers, manufacturers, and suppliers across the UK. This coverage explains PAYE regulations, tax updates, and compliance requirements that affect businesses in the jewellery trade. Jewellery Focus reports on HMRC guidance, payroll management best practices, and financial planning considerations for employers, offering insights to help jewellery businesses maintain compliance and manage staffing costs effectively within the UK retail and manufacturing sectors.
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Mar- 2020 -27 MarchAdvice
What we know about furlough leave and the CJRS
HMRC published details of the Coronavirus Job Retention Scheme (CJRS) on 26.3.20 which are available here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points include: Employees that employers can claim CJRS for For the purposes of CJRS, the definition of employee would include workers and agency workers provided they are subject to PAYE i.e. this…
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24 MarchAdvice
Coronavirus Job Retention Scheme – Advice for employers
The Job Retention Scheme is a huge incentive for companies to keep employees on payroll. To access the support companies need to classify employees as a furloughed worker, which means they should not undertake any work for the company while furloughed, including answering calls or emails. In exchange employers can claim a grant of…
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17 MarchEconomy
NAJ asks for ‘urgent action’ amid Covid-19 crisis
The UK jewellery industry has urged the government to take “urgent action” as the coronavirus crisis unfolds. The National Association of Jewellers (NAJ) has today sent an open letter to PM Boris Johnson calling for “further clarity and support” on key issues that may affect the industry amid the outbreak. …
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Oct- 2019 -4 OctoberManufacturers
Facets PR goes into liquidation owing £190,000
The jewellery industry public relations firm Facets PR, set up by former Retail Jeweller editor Sarah Carpin, has gone into voluntary liquidation owing almost £190,000. A Statement of Affairs published on Companies House showed Facets Communications Limited – the company’s legal name – had appointed a voluntary liquidator, affirming speculation…
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Apr- 2015 -7 AprilAdvice
ADVICE: With freedom comes responsibility, says TH March
Chartered Financial Planner Steve Clemence of TH March gives advice on the new Pensions Freedom Legislation. Buying a Lamborghini with your pension pot may not be a responsible way of spending the money you and your employer have saved into your pension. With the average pension pot being £38,600, you…
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Aug- 2012 -15 AugustCurrent Affairs
Change in PAYE structure
From April 2013 the way employers report pay as you earn (PAYE) details to HM Revenue & Customs (HMRC) will change.
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Jun- 2012 -25 JuneCurrent Affairs
Mitchell Charlesworth gives advice on payroll law changes
Accountancy firm Mitchell Charlesworth is urging businesses to prepare for the major changes in payroll law that will take place in April 2013.
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