From 1st October 2012, the new hourly Minimum Wage Rates are: £6.19 – the main rate for workers aged 21 and over £4.98 – the 18 – 20 rate £3.68 – the 16 – 17 rate for those above school leaving age but under 18 £2.65 – the apprentice rate, for apprentices under 19, … Read more
Starting from October 2012, employers must enrol their employees into a Workplace Pension, if they meet the criteria below. As an employee, when you pay into your pension, your employer and the government will contribute too. A Workplace Pension is a way of saving for your retirement arranged through your employer. It is sometimes called … Read more
RTI – Real Time Information – is still the talk of payroll departments, and outsourced payroll services, like ours. However, occasionally we are still coming across companies who are completely unaware of what it is. RTI means that HMRC requires that all companies with a payroll, whether weekly, fortnightly, 4-weekly or monthly will have to … Read more
You might have noticed that the HMRC are pushing companies more and more to file their reports on-line.
You might also have noticed that they are also looking to penalise companies who continue to send paper reports, including P45 (part 3), P46 for new employees and P45 for leavers.