Category: Tax
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UK National Minimum Wage 2024/2025
From April 2024 the UK national minimum wage rates are as follows: Apprentice £6.40 16 – 17 years old £6.40 18 – 20 years old £8.60 21+ years old £11.44 Accommodation Offset £9.99 (if an employee is given accommodation by an employer, free or paid, it can affect what the employee is paid) Who can get…
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UK Spending Review 2010
George Osborne announced his long awaited spending review today to reduce Britain’s deficit by around $81bn over 4 years. All departments will need to reduce expenditure significantly with an overall job reduction in the public sector of just under 500,000. HMRC have published a series of graphs and charts on the subject available on Flikr. Quentin…
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UK VAT Early Settlement Discount or PPD New Rules
This article on UK VAT last checked and updated November 2016 by Quentin Pain If you offer a discount for early payment of your invoices, then the VAT is also discounted at the same rate. This is a new rule that came into effect from 1st April 2015 onwards. Full details are available on HMRC’s…
