National Minimum Wage Increases

The new National Minimum Wage rate of 5.52 (5.35) an hour from October 2007 has been announced. Other rates rise from 4.45 to 4.60 for 18-21 year olds, and from 3.30 to 3.40 for 16-17 year olds.

 
HMRC are responsible for enforcing the NMW and have recently started a programme of targeted enforcement. As reported in last months enews employers must pay the arrears or face a potential fine of 200 per employee.

more from PAYE

Employment Taxes update
Employment Taxes
Holiday Entitlement to Rise
Holiday Entitlement to increase from the current 20 days
National Minimum Wage Increases
New National Minimum Wage rate of 5.52 (5.35) an hour from October 2007
Employers End of Year Returns
Employers annual returns P35 and P14 (P60) are due for submission to HMRC by 19 May 2007
Penalty Notices for Employers
HMRC have recently issued a considerable number of penalty notices to employers
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