The National Minimum Wage will increase from 1 October 2016. The increase is following the Government’s decision to accept recommendations from the Low Pay Commission (LPC) earlier in the year.
Form P11Ds for 2014/15 should be submitted to HM Revenue & Customs (HMRC) on or before 6 July and any liability to class 1A National Insurance should be paid by 19 July, or 22 July if payment is made electronically.
Do you have a late Tax Return? Have you been issued with a late filing penalty? With a ‘reasonable excuse’, HM Revenue & Customs (HMRC) will waive your penalty.
The business community will welcome today’s Budget announcements with the continuing theme of growth, consistency and stability.
Here’s our Budget 2015 summary for business outlining the key announcements:
The date has been set for the Chancellor of the Exchequer’s Autumn Statement. The Chancellor; George Osborne will deliver his Autumn Statement on Wednesday 3 December 2014.
HM Revenue & Customs have revised the Advisory Fuel Rates which should be used from 1 September 2014.
The Chartered Institute of Taxation
The Association of Taxation Technicians
