Posts Tagged ‘Nmw’
Summary of Employee related tax changes 2011/12
January 7, 2011 | 
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Summary of Employee related tax changes announced in the Finance Bill 2011 Read the rest of this entry »
Posted in Employee benefits, General | 
Tags: Benefit, Blind Person, Childcare, Element, Employment Earnings, Employment Income, Finance Bill, Flexible Remuneration, Income Tax, Indexation, Married Couple, Members, National Minimum Wage, Nmw, Parliament, Percentage Increase, Personal Allowance, Personal Allowances, Provision, Retail Prices Index, Salary Sacrifice, Tax Changes, Working Tax Credit | 
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National Minimum Wage rates – Changes to the age bands.
Not only are the NMW rates increasing on the 1st October 2010 but the age bands are changing as well Read the rest of this entry »
National Minimum Wage Increased
National Minimum Wage (NMW) increased on 1st October 2009
The NMW applies to nearly all workers and sets hourly rates below which you must not allow pay to fall.
For pay reference periods beginning on or after 1 October 2009, you have to pay all eligible workers the following:
- £5.80 an hour to workers aged 22 and above
- £4.83 an hour to workers aged 18-21
- £3.57 an hour to workers aged below 18 who are no longer of compulsory school age
- From 1st October the limit on a week’s pay for the purposes of calculating a statutory redundancy payment rose from £350 to £380
Posted in Employment Law | Tags: Compulsory School Age, Eligible Workers, Hourly Rates, National Minimum Wage, Nmw, Periods, Statutory Redundancy Payment | No Comments »
- The search is on for UK’s youngest innovators May 18, 2012The Intellectual Property Office (IPO) has launched this year’s Cracking Ideas competition and is inviting children across the country to use their creativity to invent a special space-themed gizmo or gadget. […]
- LUXEMBOURG ARM OF TAX UMBRELLA SCHEME WOUND UP May 17, 2012A Luxembourg company Zigmund Mather S.a.r.l. which had sourced clients for the “Sunday Solutions Scheme”, a tax scheme for the self-employed, has been ordered into liquidation in the High Court on grounds of public interest following an investigation by Company Investigations of The Insolvency Service. […]
- Leamington Spa online recruitment companies now offline May 17, 2012Four Leamington Spa-based recruitment companies, Online Recruiter Ltd, Financial Times Accounts Ltd, First Star Recruitment Limited and Working Solutions Websites Direct Limited, have been ordered into liquidation in the High Court on grounds of public interest following an investigation by Company Investigations of The Insolvency Service. […]
- 21-month prison sentences for Manchester ‘debt solution’ company directors May 17, 2012Two company directors in Manchester, Benjamin Humphreys and Daniel Moore, have been sentenced to 21 months’ imprisonment each by Chester Crown Court for fraudulent trading at their debt solution company, Churchwood Corporate Services Limited (CCSL). […]
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