• Skip to Content
  • Skip to Channel Navigation
  • Skip to Information Links
  • Skip to Accessibility Information
HR Magazine LogoHR Magazine
  • Home
  •  
  • News
  •  
  • Features
  •  
  • HR TV
  •  
  • Suppliers
  •  
  • Solutions
  •  
  • Forums & Blogs
  •  
  • White Papers
  •  
  • Employee Benefits
  •  
  • Learning & Development
  •  
  • Employment Law
  •  
  • Recruitment
  •  
  • HR People
  •  
  • Research
  •  
  • Technology & Metrics
  •  
 
13 March 2010
  • Home:
  • Budget 2009: Tax changes for high earners will affect relatively few people and have little impact on payroll
Budget 2009: Tax changes for high earners will affect relatively few people and have little impact on payroll

Budget 2009: Tax changes for high earners will affect relatively few people and have little impact on payroll

David Woods, 23 April 2009

 

Be the first to comment on this article

Changes to tax rates, personal allowances and pension tax relief for high earners announced in yesterday's Budget will not have an impact on payroll, according to the Institute of Payroll Professionals (IPP).

 

The chancellor, Alistair Darling, announced a ‘supertax' on those earning in excess of £150,000, a tapering of pension tax relief (from 40% to 20%) for people earning more than £150,000 and the removal of personal allowances for those earning more that £100,000.

But the IPP has confirmed with HM Revenue and Customs (HMRC) that payroll software will provide for an extra band to cover earnings over £150,000. HMRC claims the changes affect "relatively few people" so no extra burden will be placed on employers, and it will recover any underpaid tax from individuals directly.

X

You must login to use Clip & Save

  • Print
  • Email
  • Clip &
    Save
  • News
    by email
 

Share:

  • Bookmark on...
  • Del.icio.us
  • Stumble It!
  • Facebook
  • Reddit
  • DIGG
  • Google
  • Yahoo
 

Your Comment

 
 

To post comments please log in here

 

All Comments

There are currently no comments.

Related Media

Budget 2009: Huge government investment in getting unemployed back to work

Budget 2009: High earners to lose tax breaks on pension contributions

Budget 2009: Income tax hike for high-earners

Ford gets new payroll, time and attendance system

Swiss Re's new managed payroll system should allow more control over costs and data

Latest News

Croner launches Employment Assist

 
News By Email

Poll

Do you think a 21-hour working week will work to tackle issues such as overwork, unemployment, high carbon emissions, low wellbeing, inequalities and sustainability?

 

Directory

 

Latest Issue

Latest Issue

March 2010

Line managers are less critical of HR than they were a year ago - will this continue?

B&Q's HR director explains the company's focus on 18-24 year-olds

Can the science of analytics create super workforce planning?

CSR must be seen as an investment, not a business cost

 

 

Subscribe
 

ADVERTISEMENT

Skip to Main Navigation
Haymarket

Haymarket © 1957 – 2010

  • About Us
  • Register
  • News By Email
  • Advertising
  • Contact Us
  • Sitemap
  • Terms & Conditions
  • Privacy
  • Accessibility
  • News
  • Features
  • Reviews
  • Management Today
 
  • Contact Us
  • News By Email
  • Advertising
  • Subscriptions
  • Newsfeeds
  • Sitemap
  • My HR
  • register
  • Log In