The new penalty scheme came into force yesterday and HMRC will look to fine employers who don’t file their Real Time reporting on time. The introduction also came with an un-announced relaxation for employers with less than 50 employees. The relaxation means that small companies will not incur a fine Read more…
The new minimum wage came into effect today, raising the pay for 21 year olds and over to £6.50. This increases the annual wage for a worker on a 40 hour week to £13,500. There has also been an increase for Apprentices, Under 18’s and 18 to 20 year old. Read more…
David Cameron has sent a letter to all small employers and business to tell them about the changes to Employers National Insurance which means you might be able to save £2,000 per year on your Employers contributions. A copy of the letter can bee seen below. To read more information Read more…
Are you aware of the new Payroll year end deadline? Make sure you report by the 19th April to avoid any late filing penalties With the introduction of Real Time reporting at the start of the 2014 tax year, HMRC also changed their requirements for the Payroll year end Read more…