Employing an apprentice from April 2016
From 6 April 2016 employers who have an apprentice may not need to pay employers National Insurance Contributions (NICs) on their earnings. If your apprentice is under 25, earning below …
Blog Archive for April 2016
Will your turnover reach the VAT threshold for 2016-17?
HMRC have increased the threshold for VAT registration to £83,000 for the year 2016-17. The threshold was £82,000 for 2015-16. If your turnover will reach this threshold over a 12 month period then you must register your business for VAT. This equates to a monthly turnover of around £6,900. You should …
Pension auto enrolment has arrived!
Several of the employers we work with reached their Staging Date between January and March enabling us to finally complete the set up process which we started for them many months ago. But while implementation is complete there is still ongoing assessment, compliance and record keeping to be done every month. …
The benefits (or not) of the living wage
The living wage of £7.20 per hour came into effect on Friday 1st April for employees aged 25 and over but how does this affect employers and how does this benefit employees? On my drive to work this morning the media are still talking about how employees will have an extra 50p per hour in their pay packet but this is not strictly true. …
