ICAEW reminds employers of minimum wage increases
[ad_1] The rates of the minimum wage will increase from 1 April 2024, and the national living wage is extended to younger employees. The national minimum wage (NMW) is the minimum amount per hour workers are entitled to be paid by law. Different rates apply depending on the category of the worker. The headline rate […]
Employers & shareholders give HMRC more information
[ad_1] Draft regulations require employers to provide more details of employees’ hours to HMRC. Additionally, shareholders will need to provide details of close company shareholdings and dividends. HMRC is consulting on draft regulations that will change the information employers, directors and the self-employed are required to provide to HMRC from 6 April 2025. Employers will […]
PSAs – new online service for employers
[ad_1] HMRC launches new online service to apply for, amend or cancel a PAYE settlement agreement. A new online service is available from HMRC for employers and their agents to apply for a PAYE settlement agreement (PSA). Employers and agents can also use the online service to amend or cancel an existing PSA. This new […]
Employers hiring veterans can claim relief on secondary NIC
[ad_1] Organisations employing former UK military personnel can claim relief on secondary national insurance contributions (NIC) for the first 12 months of a veteran’s civilian employment. The relief is available for any former member of the regular armed service (Army, Royal Navy or Royal Air Force). Guidance states that a veteran is defined as anyone […]
Pay Employers’ PAYE variable direct debits nine days earlier
[ad_1] HMRC has informed ICAEW’s Tax Faculty of a delay to the processing time to set up any new variable direct debits (DDs) to pay employers’ PAYE from 22 March onwards. HMRC has indicated to ICAEW that employers need to allow extra time to set up any new variable DDs to pay PAYE. This means […]