No one wants to pay more than their fair share of tax and National Insurance. For contractors in particular, guaranteeing the correct tax payments and avoiding unnecessary costs comes down to more than just checking their employment status. Understanding the tax code issued by HM Revenue and Customs (HMRC) is […]
Your pension is one of the most important things you will ever pay into, for the whole of your working life, so it’s essential you understand the minutiae that makes up the many rules and regulations of the pensions system. Tax relief on pensions has become one of the most […]
On April 1, 2016, the UK saw the implementation of the National Living Wage. Billed as a step up for Britain, it is seen as a genuine boost for British workers by the majority, providing a valuable safety net for those working across the board. 93% of those polled agreed […]
Please Take Note As from Thursday 1st October 2015, the National Minimum Wage (NMW) will be increasing by the following: Adult Rate by 3% from £6.50 to £6.70 Youth Development Rate (18 to 20 year olds) by 3.3% from £5.13 to £5.30 Youth Rate (16 to 17 year olds) by 2.2% from […]
From 6th April 2015 all employment intermediaries, who supply workers to end user/hirers, must ensure temporary worker payments which they do not subject to PAYE are reported to HM Revenue and Customs (HMRC). The Facts; Reports must be sent by intermediaries who have a contract with a client and who […]
From Thursday 1st October 2015 the adult rate of the National Minimum Wage (NMW) will rise by 20p from £6.50 to £6.70 per hour as recommended by the Low Pay Commission (LPC) earlier this year. Government has rejected the LPC’s recommendation for the apprentice rate to be increased from £2.73 […]
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