Becoming a new employer can be liberating in terms of having more hands to help in your business, but it can also be frustrating and challenging, in terms of knowing the best way to go about things. Issues like holidays, grievances and absenteeism can be a minefield. Fortunately, ACAS have provided a guide for new …
If you are an employer, you may need to be aware of the changes being introduced later this year in respect of the National Minimum Wage (NMW) levels. The current levels are: £6.50 the main rate for workers aged 21 and over £5.13 the rate for 18-20 year olds £3.79 the 16-17 rate for workers above school …
With effect from 6 April 2015, employers won’t have to pay employer’s NI on wages paid to young employees – employees who are aged under 21 at the time of the wages being paid. It is only employer’s NI which isn’t payable, so the employee will still have employee’s NI deducted from their wages. There …
LATE FILING PENALTIES TO BE DELAYED FOR SMALL EMPLOYERS Penalties for late filing of Real Time Information (RTI) returns were due to come into effect for all employers from 6 October 2014. However, this now only applies to employers with 50 or more employees. For employers with less than 50 employees, the start date for …
If you are an employer, you may need to keep an eye on the National Minimum Wage (NMW) levels. The current levels are: £6.31 the main rate for workers aged 21 and over £5.03 the rate for 18-20 year olds £3.72 the 16-17 rate for workers above school leaving age but under 18 £2.68 the apprentice …
At present you can recover Statutory Sick Pay (SSP) amounts that are in excess of 13% of your total employee and employer Class 1 NICs liability for the month in question. However, small employers will no longer be able to reclaim any SSP from HMRC from 6th April, as the Percentage Threshold Scheme for recovery …
2013/14 is the first tax year in which the majority of employers have submitted their PAYE data using Real Time Information (RTI). Penalties for late RTI submissions made within the year have not yet been imposed by HMRC, but that is about to change. There are two payroll actions which HMRC can issue late penalties …
If you are an employer, you may need to keep an eye on the National Minimum Wage (NMW) levels. The current levels are: £6.19 the main rate for workers aged 21 and over £4.98 the rate for 18-20 year olds £3.68 the 16-17 rate for workers above school leaving age but under 18 £2.65 the apprentice …
In April 2012 HM Revenue & Customs (HMRC) started a pilot scheme for PAYE – RTI (Real Time Information). The aim of RTI is to improve the accuracy of PAYE, submitting information electronically to HMRC every time employees are paid, instead of submitting it at the end of the tax year using the P35/P14. P11D’s and …
If you are an employer, you may need to have one eye on the National Minimum Wage levels. The current levels are: £6.08 the main rate for workers aged 21 and over £4.98 the rate for 18-20 year olds £3.68 the 16-17 rate for workers above school leaving age but under 18 £2.60 the apprentice …