New minimum wage rate from October

National Minimum Wage rates are to rise from October 2010, with the minimum rate for workers aged 21 and over rising to £5.93 an hour. And for the first time a minimum wage rate for apprentices has been set; From … Read More

NICs Holiday Scheme for new businesses launched

A new National Insurance contributions (NICs) holiday scheme to encourage new business start-ups in key UK regions has now been launched. The ‘Regional Employer NICs Holiday for New Businesses’ offers substantial reductions in employer NICs for new businesses in those … Read More

Penalties for late payments of PAYE/NIC’s from 2010-11

From tax year 2010-11 HMRC intends to implement the new late payments penalties for PAYE payments, including Income Tax/NICs, CIS and Student Loan deductions. This means that from May 2010 you may have to pay a late payment penalty if … Read More

2011 Budget on 23 March, George Osborne says

The 2011 Budget will be held on Wednesday 23 March, Chancellor George Osborne has announced. The chancellor revealed the date while giving evidence to the Treasury Select Committee on the impact of last month’s Spending Review. The coalition held its … Read More

Pay As You Earn Real Time Information Consultation Launched Security

Modernising the PAYE system through real time information moved a step closer today when HM Revenue & Customs (HMRC) published a consultation document “Improving the operation of Pay As You Earn: Collecting Real Time Information”. PAYE real time information means … Read More