National Minumum Wages Increase
From 1st October 2011 the National Minimum wage will increase. The new rates will be as follows:
£6.08 an hour for workers aged 21 and over
£4.98 an hour for workers aged 18 to 20
£3.68 an hour for workers aged 16 to 17
The apprentice rate, for apprentices under 19 or over 19 and in the first year of their apprenticeship will increase to £2.60.
If you require any help in implementing these changes, please do not hesitate to contact us.
Article by Sarah Dymond
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01803 500500
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P35 Employer Annual Return Form Due by 19 May 2012
You must complete a P35 Employer Annual Return form by 19 May 2012, after the end of the tax year.
You need to complete and file an Employer Annual Return if you have had to maintain a form P11 (or equivalent payroll deductions record) for at least one employee during the tax year.
This applies even if you didn't have to make any deductions of PAYE (Pay As You Earn) tax or National Insurance contributions (NICs) from your employee(s) during the year.
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P35 Employer Annual Returns Due by 19 May
Only a few days until you must complete a P35 Employer Annual Return form by 19 May 2012, after the end of the tax year.
You must complete and file an Employer Annual Return if you have had to maintain a form P11 for at least one employee during the tax year.
Don't delay: speak to Vincent and Co for help and advice so you comply with this and avoid penalties.
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Read our article all about Working Tax Credits which contains some useful information, hints and tips.
