Increase In NMW Rates

The Government has approved a rise in the National Minimum Wage rates which will come into effect on 1 October 2014:

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Tax-Free Childcare

Details of the new Tax-Free Childcare scheme which is to be launched in autumn 2015 have been announced.

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More HMRC Guidance On The Employment Allowance

The Employment Allowance of up to £2,000 is available to most employers from 6 April 2014. Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000. This is called the ‘Employment Allowance’.

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PAYE Penalties

HMRC are to introduce further interest and penalties for the late submission of PAYE RTI returns and for late payment of PAYE liabilities. The penalties will be introduced as follows:

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