New Tax Year, New Tax Rules: Are You Up-To-Date?

The start of the new tax year brought significant changes to legislation. It is also P11D season: these need to be completed soon. Increasing minimum wage From April 2019, the National Minimum Wage (NMW) and the National Living Wage (NLW) rates increased. From 1 April 2019, the hourly rates of pay are as follows: Age … Continue reading New Tax Year, New Tax Rules: Are You Up-To-Date?

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

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

All Change To Incorporate Pay Rises

“Britain deserves a pay rise.” Those were the inspiring words of the Chancellor in his Summer Budget. But deserved or not, there are a lot of implications for British businesses this April, in order to initiate the new Living Wage for those aged 25 and over. The wage hike to £7.20 is expected to affect … Continue reading All Change To Incorporate Pay Rises

Tougher Rules For Employers Failing To Pay National Minimum Wage

Tougher rules are being enforced for employers failing to pay the National Minimum Wage. On the 1st October 2013, the government introduced stricter rules, and it is now easier for them to name and shame these employers who are flouting the National Minimum Wage law. As of 7th March 2014, further rules have now been … Continue reading Tougher Rules For Employers Failing To Pay National Minimum Wage