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 […]
HMRC reminds self-employed taxpayers about end of tax credits
[ad_1] On 6 December 2023, HMRC emailed self-employed taxpayers who are still claiming tax credits to remind them to check their tax credit and self assessment records in advance of migrating to universal credit. After many years, the end of tax credits is in sight. By the end of the 2023/24 financial year, HMRC plans […]
HMRC reminds companies to submit R&D AIF
[ad_1] Since 8 August 2023, claims for research and development tax relief require completion of an additional information form (AIF). However, almost half of all claims received by HMRC between 8 August and 3 September have not included the form. HMRC is writing to companies and agents that have submitted claims for research and development […]