News
Increase in weekly limit for calculating statutory redundancy pay
Tuesday 1st February, 2011
With effect from 1st February 2011 the limit on a weeks pay for the purposes of calculating at Statutory Redundancy payment will increase from £380 to £400. This will affect any employers making Statutory Redundancy payments for redundancies on or … Continue reading
Changes to childcare voucher schemes affecting higher rate tax payers
Saturday 1st January, 2011
From 6th April 2011, there will be a reduction in the tax benefits for higher rate tax payers who join a childcare voucher scheme after this date. Childcare Vouchers are currently tax and NI exempt up to a maximum of … Continue reading
The National Minimum Wage will be increasing on 1st October 2010
Tuesday 21st December, 2010
The most significant change is that employees aged 21 and over will be entitled to the ‘Adult Rate’ of £5.93 per hour. This previously applied to employees aged 22 and over. Therefore if you have an employee aged 21 being paid … Continue reading
HMRC are no longer issuing Employer CD Roms
Tuesday 21st December, 2010
You will need to download the updates direct from their website. For a link to the relevant page on the HMRC website, click here: Basic PAYE Tools
Employers please note – new telephone number for employee tax enquiries
Tuesday 21st December, 2010
There’s now just one telephone number for your employees to call for help with their tax enquiries – 0845 300 0627. Employers can use this number too, for example if you need to confirm an employee’s tax code. But you … Continue reading
Regional Employer National Insurance contributions (NICs) Holiday for New Businesses
Tuesday 21st December, 2010
Under this scheme, for a limited period and subject to meeting certain conditions, new businesses may qualify for a deduction of up to £5,000 from the employer NICs that would normally be due – for each of the first ten … Continue reading
