Author Archives: Tony_Newman

New Minimum Wage Rates

Posted on May 28, 2011 by Tony_Newman

The government has accepted the independent Low Pay Commission’s (LPC) recommendations for this year’s National Minimum Wage (NMW) rates. The following rates, will come into effect on 1 October 2011: * the adult rate will increase by 15p to £6.08 … Continue reading →

Posted in Accounting | Leave a comment

New rate of VAT announced

Posted on November 12, 2010 by Tony_Newman

During his first budget speech in the Summer the current chancellor announced that the standard rate of VAT would be increased from 17.5% to 20% on 4th January 2011, the third rate change in two years. If you are using … Continue reading →

Posted in Business Taxation | Leave a comment

Advice to those receiving HMRC tax error letters

Posted on September 21, 2010 by Tony_Newman

HM Revenue & Customs (HMRC) has found that nearly six million people in the UK have either underpaid or overpaid tax via the Pay As You Earn (PAYE) system during the last two years. For 4.3 million people, this will … Continue reading →

Posted in Personal Taxation | Leave a comment