Congratulations to Sprint Electric!
We congratulate our client’s Sprint Electric Limited who celebrate their 25th Anniversary today. Our Founder partner David Macdonald is proud to have formed this company for our client’s all those years ago and salute their success.
Tax returns 2012
The October tax return filing paper returns has now passed and 2012 tax returns must be done online. Please contact us if you would like help with your tax return.
Crack down on innaccurate business mileage claims
HMRC are cracking down on innaccurate business mileage claims as part of the new Business Records Checks scheme (BRCs).
News from Martlet Partnership
Update : National Minimum Wage
The national minimum wage sets minimum hourly rates that employers must pay their workers. It covers almost all workers in the UK and is divided into three rates that apply to workers of different ages.
The NMW rates are reviewed each year by the Low Pay Commission and from 1 October 2011:
- the main rate for workers aged 21 and over will increase to £6.08
- the 18-20 rate will increase to £4.98
- the 16-17 rate for workers above school leaving age but under 18 will increase to £3.68
- the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship will increase to £2.60
Almost all workers who work in the UK are entitled to the national minimum wage. But there are some groups who aren't entitled, including:
- self-employed people
- children who are still of compulsory school age
HMRC enforces the national minimum wage. From 6 April 2009, if HMRC finds you have underpaid the national minimum wage it will issue a notice of underpayment. This will show the arrears you must pay to your workers and the penalty you must pay to HMRC.
The penalty is 50 per cent of the total underpayment that has occurred from 6 April 2009. This figure will be shown separately on the notice of underpayment. There is a minimum penalty of £100 and a maximum of £5,000. If you pay the arrears and the penalty within 14 days of the date on which the notice of underpayment is served, you only need to pay half of the penalty.
If you receive a notice of underpayment you have a right of appeal. You can appeal against:
- HMRC's decision to issue a notice of underpayment
- any requirement imposed by the notice of underpayment
For more information or advice please contact The Martlet Partnership Payroll Department on 01903 600555 or email email@example.com