by Paul Whyatt | Mar 16, 2023 | Business Advice, News
The national minimum wage (NMW) and national living wage (NLW) rates are due to rise significantly for pay periods starting on and after 1 April 2023. See below for the new rates. Workers aged 23 and above – hourly rate from 1 April 2023 – £10.42...
by Paul Whyatt | Mar 6, 2023 | News, Personal Tax, Taxation
Do you know whether your national insurance contributions (NIC) record is complete and correct? You can check your NIC record over your entire working life on your online personal tax account (www.gov.uk/personal-tax-account). This will also provide an estimate of the...
by Paul Whyatt | Oct 4, 2022 | Business Tax, News, Personal Tax, Taxation
In his recent mini-budget, the Chancellor said that he will abolish the hugely complicated off-payroll working rules from 6 April 2023. These rules require large businesses and public sector bodies to decide whether the contractors that they engage act as employees...
by Paul Whyatt | Mar 11, 2022 | News, Taxation
HMRC has been accused of imposing an unfair interest rate rise on late tax payments, while the rate paid when it refunds miscalculated and overpaid tax has remained frozen at just 0.5%. Interest on late payments increased from 2.75% to 3% following the Bank of...
by Paul Whyatt | Mar 9, 2022 | Business Advice, News, Other Insights
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to £6,000 through the Omicron Hospitality and Leisure...
by Paul Whyatt | Mar 3, 2022 | News, Other Insights, Taxation
There are constant attempts to trick people that communications are from HMRC and therefore giving away personal information to fraudsters. Recently, a new scam involving QR codes has been identified. HMRC has updated it guidance on QR codes to help taxpayers avoid...