Changes to National Minimum Wage

From 1 October 2013, the National Minimum Wage rate is increasing. This means, from then you’ll need to make sure you pay your employees at least the following hourly rates. 21 and over – £6.31 18 to 20 – £5.03 Under 18 – £3.72 Apprentice – £2.68* *This rate is for apprentices under 19 or those in their…

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Tax opportunity for landlords to put house in order

Landlords who rent out residential property, and fail to tell HM Revenue and Customs (HMRC) about all the rental income, are being offered the chance to come forward and put their tax affairs straight – before HMRC comes to them. HMRC estimates that up to 1.5 million landlords in this sector may be underpaying up…

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RTI letters for missing deadline

More than 1.6 million employer PAYE schemes, covering over 40 million individual records, are already reporting in real time since the launch of new reporting requirements in April, and any employers who have failed to follow the new process have been urged to act now by HM Revenue and Customs (HMRC). Employers or agents (acting…

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