Website News – Sept 2014

  1. National Minimum Wage – Sep 2014

Increases to the minimum wage start from 1st October as follows:

Year 21 and over 18 to 20 Under 18 Apprentice

(Age 16-18)

2014 (from 1 Oct) £6.50 £5.13 £3.79 £2.73
2013 (Current Rate) £6.31 £5.03 £3.72 £2.68
  1. HMRC on Twitter! – Sep 2014

You can now follow HMRC on Twitter for information about tax and news, publications, information, consultations, speeches and publicity campaigns.  Happy Tweeting!

Twitter@HMRCgovuk

  1. Self Assessment email alerts – Sep 2014

If you submit a self assessment return to HMRC you can now sign up to receive email alerts and messages instead of the usual paper versions.  To find out how go to:

www.gov.uk/transformation/self-assessment

  1. PAYE Penalties – Sep 2014

HMRC are introducing penalties for not filing your PAYE submissions on time:

  • From 6th October 2014 for employers with 50 or more people in a PAYE scheme
  • From 6th March 2015 for all other schemes

The penalties will be :

No of Employees Penalty Amount
1 to 9 £100
10 to 49 £200
50 to 249 £300
250 or more £400

Email us for a fact sheet.