If you are an employer, you may be affected by the changes to the National Minimum Wage (NMW). These come into effect from 1 April 2024. The hourly rate for the minimum wage depends upon an employee’s age and whether they’re an apprentice. Current rates These rates are for the National Living Wage (for those …
Most people are aware that HMRC will charge you for paying tax late. It’s not always called the same thing – interest, penalty, surcharge – and it’s different depending upon the tax it relates to, but that’s the essence of what happens. However, if you are a limited company, you can be paid interest by …
On 6th March 2024, the Chancellor delivered his Budget, probably the last one before the anticipated 2024 General Election. The following is a summary of the main points which affect small businesses (our client base). NB some of the details are still being developed or announced, so not all of the information may be available …