Business Hurdles

National Minimum Wage increases from 1st October 2010

Fri, 06 Aug 2010 09:28:00
 
The national minimum wage rates will increase for pay reference periods starting on or after 1st October 2010 onwards.

Main rate for workers 21 years old and above £5.93 per hour
Rate for workers aged 18-20 years inclusive £4.92 per hour
Rate for workers under 18 years and above
compulsory school age £3.64 per hour

A new apprentice rate of £2.50 per hour will be introduced for pay reference periods starting on or after 1st October 2010. This will apply to apprentices who are workers and

• Aged under 19
• Aged 19 and over and in first year of their apprenticeship.

Until October 2010, 21 year olds remain in the 18-21 year old rate band.
Blog
06 February 2012 01:40

HMRC will be sending out PAYE coding notices during the months of January, February or March. The new tax code applies from 6th April 2012 to ensure you pay the correct amount of tax. Not everyone will get a notice so don’t panic if you don’t receive

Read More

18 January 2012 10:42

Over the last few years, the buy-to-let market has grown substantially and with it, many landlords have been able to profit from the ever-increasing rental income and record low interest rates. However, landlords are often tempted to file their own tax returns to cut down on costs. The

Read More

09 January 2012 03:51

Despite being widely criticised for unfairly targeting 12,000 smaller businesses HMRChave announced that they will continue with their controversial business records checks.Whilst HMRC initially emphasised the educational aspect of their business records checksthe reality is that they are compliance checks that can result in the collection of

Read More

06 January 2012 09:24

HMRC has announced that electricians will be the next group targeted as part of its crackdown on tax evasion.The Electrician''s Tax Safe Plan will be launched in February 2012 and will offer favourable termsfor electricians to come forward and declare their unpaid tax.Following this, HM Revenue

Read More
View All News