National Minimum Wage for the New Tax Year

This post was originally published on 28 January 2019 and updated on 1 April 2021 for freshness, accuracy and comprehensiveness. Following on from the Chancellors Budget, further changes will affect how you pay your employees from April 2021. The hourly rate for the minimum wage depends on your employee's age and whether they're an apprentice. The … Continue reading National Minimum Wage for the New Tax Year

Budget 2018: What you need to know

We are delighted to bring you our summary of the key announcements in the Budget 2018 statement, made on Monday, 29 October. The personal allowance will be raised to £12,500 from April 2019, one year earlier than previously planned. At the same time, the higher rate threshold will rise to £50,000, also a year ahead … Continue reading Budget 2018: What you need to know

Named and Shamed: The Importance of the Minimum Wage

With last Saturday marking the beginning of the new National Minimum Wage, it has never been so important for employers to ensure they are paying their employees the correct wages. Last month, HMRC continued its Name and Shame scheme by publishing a further 197 companies who owed a collective £465,000 in arrears. Since the Name … Continue reading Named and Shamed: The Importance of the Minimum Wage

To Pay Or Not To Pay – The National Living Wage

The much talked about National Living Wage (NLW) was finally introduced on 1st April this year for 25 and overs. While the National Minimum Wage (NMW) will still apply to those under 25, the NLW is a higher rate of pay of £7.20 per hour and is designed to encourage a reduced reliance on state … Continue reading To Pay Or Not To Pay – The National Living Wage