NMW and LW enforcement measures
A new press release has revealed that in 2017-18, HMRC investigators identified £15.6 million in back pay that is owed to over 200,000 of the UK’s lowest paid workers. This was an
Don’t forget to handout P60s
The deadline for employers to provide employees with a copy of their P60 form is by 31 May 2018. A P60 must be given to all employees that were on the payroll on the last day of
Treatment of termination payments
With effect from 6 April 2018, employers will need to pay Income Tax and Class 1 National Insurance Contributions (NICs) on certain parts of termination payments made to employees
Minimum wage increases
New National Minimum Wage (NMW) and National Living Wage (NLW) rates come into effect on 1 April 2018. The NLW first came into effect on 1 April 2016 and is the minimum hourly rate
Employment law changes taking effect in April 2018
The following key changes to employment law will come into force in April 2018:
The National Minimum Wage (Amendment) Regulations 2018 will increase the national minimum wage
Directors beware National Living Wage complications
From 1 April 2018, the National Living Wage (NLW) will increase by 33p to £7.83. This represents an increase of 4.4%. The NLW is the minimum hourly rate that must be paid to those
Childcare voucher scheme deadline extended
The government has announced that the employer-operated childcare voucher scheme will remain open to new entrants for a further six months, i.e. until October 2018. The childcare
Benefits that lose tax-free status from April 2018
The tax and NIC advantages of certain benefits provided as part of a salary sacrifice arrangement changed from 6 April 2017. When the changes were introduced it was confirmed that
Salary sacrifice examples of tax consequences
The tax and NIC advantages of certain benefits provided as part of a salary sacrifice arrangement were removed from 6 April 2017. The new rules effectively remove the Income Tax
What to consider when employing family, young people and volunteers
When a new employee is added to the payroll it is the employers’ responsibility to ensure they meet the employees’ rights and deduct the correct amount of tax from their salary.