A Payroll Podcast Budget Special episode, recorded just 24 hours following the budget speech delivered by Philip Hammond on 29th October 2018 with Helen Hargreaves, Associate Director of Policy at the Chartered Institute of Payroll Professionals. We sit down to discuss the key points from the 106-page budget document that will could affect payroll and tax.

In the last Budget before we exit the EU, the Chancellor Philip Hammond appeared to relish the delivery of his 2018 Budget speech.  His task this year is not an enviable one as the ‘deal or no deal’ debate continues with many questions unanswered.  The economic forecast from the Office for Budget Responsibility (OBR) was positive; with wages growing at the fastest pace in almost a decade and we have been assured that we should expect sustained real wage growth in each of the next five years. The OBR also confirmed significant improvement in our public finances with national debt having peaked in 2016-17. This means a new path for public spending: “Fiscal Phil says Fiscal Rules OK”.  We take a deep dive into all of the announcements made and summarise it for you to digest audibly at your payroll leisure!

Budget Subjects include:

• 
  
• Tax rates and thresholds, Income tax, Devolved income tax and Company cars, vans and fuel
• 
  
• 
  
• Apprentices and Transferring levy funds and Contributions to funding
• 
  
• 
  
• National Insurance contributions, Limits and thresholds
• 
  
• 
  
• Draft National Insurance contributions Bill
• 
  
• 
  
• National Minimum Wage and National Living Wage
• 
  
• 
  
• Off-payroll working in the private sector
• 
  
• 
  
• Parental bereavement leave and pay
• 
  
• 
  
• Pensions and Savings, Lifetime Allowances and the starting rate for savings
• 
  
• 
  
• Individual Savings Account (ISA) annual subscription limits
• 
  
• 
  
• Child Trust Funds and Improving NS&I’s offer to customers
• 
  
• 
  
• Pension Dashboards and other Digital tool proposals
• 
  
• 
  
• Tax avoidance and evasion
• 
  
• 
  
• Protecting your taxes in insolvency
• 
  
• 
  
• Management capability and Backing entrepreneurs
• 
  
• 
  
• Universal Credits and Transitioning onto Universal Credits
• 
  
• 
  
• Banning pensions cold calling
• 
  

We hope you enjoy this “Fiscal Phil” Budget Special episode of The Payroll Podcast!  If you know anyone else who works in payroll, then please, share this episode with your friends and get them to subscribe today!

• 
  
• To discover more about Helen Hargreaves, please visit: https://www.linkedin.com/in/helen-hargreaves-msc-chfcippdip-53147333/ 
• 
  
• 
  
• To find out more about the CIPP, please go to https://www.cipp.org.uk
• 
  
• 
  
• To find out more about JGA Payroll Recruitment Services, please visit: www.jamesgray.wpengine.com
• 
  
• 
  
• To find out more about the many International Payroll Associations in attendance at the CIPP Annual Excellence Conference & Awards please visit
• 
  
• 
  
• Links referred to in this episode of the Payroll POdcast can be located below:
• 
  
• https://www.gov.uk/apply-apprenticeship
• 
  
• 
  
• https://www.instituteforapprenticeships.org/apprenticeship-standards/payroll-administrator/
• 
  
• 
  
• https://findapprenticeshiptraining.sfa.bis.gov.uk/Provider/StandardResults?apprenticeshipId=286&postcode=TR7%202FD&showAll=True&isLevyPayingEmployer=True
• 
  
• 
  
• 
  

**************************************************************************************
THE PAYROLL PODCAST.  A NICHE PODCAST FOR A NICHE PROFESSION. SUBSCRIBE TODAY!**************************************************************************************

The Payroll Podcast has one primary aim. To cut through the complex global payroll legislation, technology and compliance issues that affect payroll operations and to provide practical advice that you can implement immediately to improve your payroll department.  We aim to take our listeners on a journey through subjects complex payroll issues ranging from GDPR, Robotic Process Automation, Blockchain Technology and Artificial Intelligence to, Global payroll compliance, payroll control frameworks, workplace psychology and payroll career planning.  We try to do it with a little bit of humour and with content that I truly hope will help you to improve your payroll function for the better!

Featuring leading industry experts, we interview Payroll Business Owners, Global Payroll Directors, Payroll Trainers, Payroll Managers, Payroll Software Professionals, Wellness-at-Work Practitioners, HR Directors, CEO’s, Recruiters and even Talent and Leadership Psychologists!

The Payroll Podcast is a niche podcast, so if you like the show, please subscribe to it, review it (on iTunes) and please, please share it with as many of your payroll colleagues as possible!

If you wish to get involved with The Payroll Podcast or indeed if you would like to suggest a topic or tell us what you think about it, then please email me at [email protected] – I would love to hear from you!

Subscribe: Apple Podcasts | Android | Email | Soundcloud | Google Podcasts | Stitcher | TuneIn | RSS | MorePrevious Podcasts Episodes Include:

1. 
   
2. Payroll Policy, Strategy & Technology for Generation Z – with Helen Hargreaves #013
3. 
   
4. 
   
5. How to achieve your Payroll Performance Goals – with Ryan Mathie – #011
6. 
   
7. 
   
8. The Payroll Apprenticeship Scheme – with Ian Holloway – #010
9. 
   
10. 
    
11. Blockchain, Cryptocurrency & The Future of Payroll & HR – with Anita Lettink of NGAHR – #09
12. 
    
13. 
    
14. #Passionforpayroll & Creating Effective Global Payroll Control Frameworks – With Max Van Der Klis-Busink – #08
15. 
    
16. 
    
17. Solving Payroll & HR Workforce Challenges with LMS – with Shaun Wilde, #07
18. 
    
19. 
    
20. Payroll Entrepreneurship and the rise in Payroll API Technology – with Stuart Hall – #06
21. 
    
22. 
    
23. Raising the Profile of Payroll – Kate Upcraft #05
24. 
    
25. 
    
26. Wellness and Working Well by becoming “Super-Human” – with Hari Kalymnios. #04
27. 
    
28. 
    
29. Global Payroll & Jurisdictional Compliance with Adrian Morrissey from Immedis #03
30. 
    
31. 
    
32. The Future of Payroll and the CIPP with Vickie Graham #02
33. 
    
34. 
    
35. Preparing Payroll for GDPR with Richard George #01
36. 
    

Thanks for Listening!In the meantime, if you have any payroll or HR recruitment requirements that JGA Recruitment can assist with, please do reach out to us on 01727 800 377 or email [email protected] You can also download free payroll whitepapers and check out a wealth of payroll articles on our website.  Find out more by visiting us at jamesgray.wpengine.com.We are specialist Payroll and HR recruiters with over 100 years of expert recruitment experience.  Whatever your requirements, if you get in touch and quote “The Payroll Podcast” then you can receive a 20% discount on all JGA Recruitment Terms of business.Contact us today to find out more.
Tel: 01727 800 377.
Email [email protected]