Category Archives: PAYE

PAYE

Government announces October increases in the national minimum wage

The government have announced the October increases in the national minimum wage. From October the new rate for 21 year olds and older will increase by 19p an hour to £6.50, an increase of 3%. At the same time the rate for 18 to 20-year-olds will go up by 10p to £5.13 an hour, and … Continue reading Government announces October increases in the national minimum wage

Employment Allowance: Can you deduct £2000 from your employers NIC liability?

From April 2014, eligible employers will benefit from a reduction of up to £2000 per year in their employer Class 1 NIC’s liability. Throughout the UK over 1 million businesses and charities will gain from the new Employment Allowance and the smaller employers will benefit the most pro-rata. In fact, roughly 450,000 of the smallest … Continue reading Employment Allowance: Can you deduct £2000 from your employers NIC liability?