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ARTICLE · 01 NOVEMBER 2024

Employment Tax Update - October 2024

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This bulletin follows the release of the October Agent Update (Issue 124). This month the content most relevant to employment taxes and reward activities includes...

United KingdomTax
Lika Jatoeva
Lika Jatoeva
Philip Swinburn
Philip Swinburn

This bulletin follows the release of the October Agent Update (Issue 124). This month the content most relevant to employment taxes and reward activities includes:

Upcoming Autumn Budget

  • On 30 October 2024, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget.
  • As part of the Budget announcement, we are expecting updates that may affect individuals and companies in the employment taxes space.
  • We will be releasing materials to help businesses and individuals manage the implications of the Autumn Budget in due course.

PAYE (P87) employment expenses

  • HMRC have implemented new evidence requirements for PAYE employment expense claims to respond to the tax risk from ineligible employment expense claims.

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