Increase to the National Minimum Wage

On the 1st October 2014 the National Minimum Wage is due to increase to;

*For apprentices under 19 in their first year.

Over 19 or after their first year apprentices get the national minimum wage rate that applies to their age.

 The National Minimum Wage is enforceable by HMRC.  Employers should not subject their workers to less than the minimum wage.

21 years or over£6.50
18 to 20 years£5.13
Under 18£3.79
Apprentices*£2.73

CIS Refunds and HMRC’s new promise to speed up the process

After spending yet another ¾ of an hour trying to get through to right person at HMRC we were told that CIS over payments for the tax year 2013/14 would take up to 5 weeks to process by HMRC, even if the year-end was filed weeks before the deadline!!

How unfair is that?

Over payments occur when Contractors have CIS tax deducted at source and do not have enough PAYE and deductions made from subcontractors to off set the amount against the deductions suffered by themselves.

New 25 day repayment promise by HMRC Continue Reading