The Payroll Podcast

Breaking Down UK 2024 Budget and Its Impact On Payroll

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Episode notes

In this special edition of "Payroll Question Time," hosted by Nick Day, CEO of JGA Recruitment, we tackle the most pressing payroll challenges as we approach 2025.

Sponsored by SD Worx, this episode brings together an expert panel to dissect the impacts of the UK’s 2024 budget on payroll compliance, business costs, and the evolving regulatory landscape.

Key topics include the effects of national minimum wage increases, employer National Insurance changes, and the rising trend of offshoring talent to manage escalating costs. The panel dives into the future of mandatory payrolling of benefits in kind (PBIK), the challenges of salary sacrifice compliance, and the implications of tightening tax advice market regulations.

We also explore how businesses can navigate global payroll complexities, address compliance risks, and prepare for upcoming regulatory shifts in 2026. Whether you're a payroll expert or a business leader trying to stay ahead of these changes, this episode delivers valuable insights and strategies to help you adapt and thrive in an increasingly complex payroll environment.

Don’t miss this essential episode as we uncover the strategies and solutions you need to tackle the future of payroll head-on.

Our Panel:

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

Find your ideal candidate with our job vacancy system: https://jgarecruitment.ck.page/691ee4537e

Nick Day’s LinkedIn: https://www.linkedin.com/in/nickday/