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News
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Wednesday, 30 December 2009 00:00 |
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Borg Knight Solicitors takes the opportunity to wish everyone a Happy New Year. The Pre-Budget Report 2009 will effect employers and we recommend that you read the summary prepared by Perrys Chartered Accountants. (PDF) This is also a summary reminder that minimum wage increased from 1 October 2009 to: £5.80 for workers aged 22 years or more £5.80 for workers aged 22 years or more £4.83 for workers aged 18 to 21 inclusive £3.57 for workers aged under 18 (but above compulsory school age) Other changes include: HM Revenue & Customs' Business Payment Support Service will continue to be offered to tax payers experiencing cash flow difficulties, which can help to spread the cost of PAYE / NI liabilities All National Insurance Contributions to increase by an additional 0.5% from 6 April 2011. This is in addition to 0.5% increase in NIC rates declared in 2009 Budget that is effective from 6 April 2011. However, the increase will remain at only 0.5% for incomes up to £20,000
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