National Living Wage
From April 2018 all workers aged 25 and over must receive £7.83 per hour.
Author Archive for: James Marston
Entries by James Marston
Paying HMRC from overseas
Paying HMRC from overseas. The new bank details for HMRC for payments from overseas is as follows:- IBAN:- GB62BARC20114770297690 BIC :- BARCGB22 If you have any questions don’t hesitate to contact the office.
Employers National Insurance Allowance
From April 2016 this employer’s NI Allowance is increased to £3,000. Companies where the Director is the sole employee will not be able to claim.
Student Loans
From April 2016 there will be two methods of paying back student loans. Plan 1. The deduction for English, Welsh, Scottish and Northern Ireland students who started their higher education prior to the 2012 academic year. Repayable at 9% of the employee’s remuneration for Class 1 NI that exceeds a certain amount. Plan 2. The […]
Regulatory 50% Limit
From April 2016 PAYE deduction must not exceed 50% of an individual’s pre-tax pay or pension. This applies to all tax codes.
Personal Allowance Increase
From April 2017 the personal allowance increases to £11.500 and the new standard tax code will be 1150L for the 2017/18 tax year.
