Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025.
The 6.7% increase…
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Oct 29, 2024
Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025.
The 6.7% increase…
Oct 21, 2024
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including:
Oct 11, 2024
The government's Make Work Pay Bill lacks a pro-growth element and will increase economic inactivity, the Federation of Small Businesses (FSB) has warned.
The business group says that the legislation,…
Oct 08, 2024
More than 10,000 payments worth £12.5 million have been made through a new digital service to boost people's state pension, HMRC has revealed.
People have until 5 April 2025 to maximise their…
Oct 04, 2024
The government has announced a crackdown on late payments to small businesses and the self-employed.
Late payments cost SMEs £22,000 a year on average, according to Smart Data Foundry, while…
Oct 03, 2024
Businesses have been banned from withholding tips or service charges from their staff under new rules that came into force on 1 October.
All tips, whether in cash or by card, must now be shared…
Sep 30, 2024
Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.
Child Trust Funds are long term, tax-free savings accounts which were set…
Sep 27, 2024
The government has announced an overhaul of the UK's apprenticeship system.
A new growth and skills levy which will replace the existing apprenticeship levy and include new foundation apprenticeships.
The…
Sep 24, 2024
HMRC has been urged to defuse a tax bombshell threatening online traders, by the Low Incomes Tax Reform Group (LITRG).
The LITRG, which is part of the Chartered Institute of Taxation (CIOT),…
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