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Payroll, PAYE & Inland Revenue News from Arch Payroll Agency Manchester


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Payroll & Financial News 2010


September 2010

Minimum Wage Rise

From October 2010 National Minimum Wage rates will increase from:

•£5.80 to £5.93 an hour for workers aged 21 and over

•£4.83 to £4.92 an hour for workers aged 18 to 20

•£3.57 to £3.64 an hour for workers aged 16 to 17

The rise is around the two per cent mark in each category. As promised, the government has extended the adult minimum wage rate to 21-year-olds from October 2010. Previously the qualifying age for the National Minimum Wage was 22.

Apprentice minimum wage - £2.50 per hour

The government also accepted a recommendation from the Low Pay Commission (LPC) to introduce an apprentice minimum wage of £2.50 per hour.
The new rate will apply to:
•apprentices under 19
•apprentices aged 19 and over, but in the first year of their apprenticeship

August 2010

Late Payments

From this tax year, April 2010 the Revenue are sending out letters to clients to warn them of penalty payments they may have to make if they do not pay their Income Tax, CIS Tax and National Insurance by the 19 of the Month.

You can find further information at www.hmrc.gov.uk

What you need to do

Pay any overdue PAYE now and
Pay on time in future.

HMRC will take action against employers and contractors who do not pay their PAYE on time and who do not have a time to pay agreement. You can find information about payment dates in your payslip booklet, P30B letter or at www.businesslink.gov.uk

If you are unable to pay on time please contact HMRC or Arch Payroll before the payment date.

HMRC will not charge penalties for the periods covered by the time to pay agreement from the date you approached us - providing you stick to the agreed terms.

March 2010

State Pension Age (SPA) is changing between 2010 and 2020

As a result of changes brought in by the pensions Act, from 6 April 2010 the age at which women reach SPA will gradually rise to become the same as it is for men (65). These changes will happen between 2010 and 2020 and will affect women born between 6 April 1950 and 5 April 1955. All women born on or after this date will reach SPa at age 65.

Recording National Insurance Contributions

Currently, employees who are over SPA (meaning 60 for women and 65 for men) do not have to pay employee's National Insurance Contributions (NICs). The employer however has to pay Class 1 category C rate NICs.

As the SPA for women gradually increases, you will need to deduct, record and pay both employee and employer Class 1 NICs for women over the age of 60 up to their new SPA.

You will need to ensure that you have accurate dates of birth for all of your employees in order to determine when they no longer need to pay Class 1 NICs because their SPA has been reached. Class 1 category C rate NICs will only apply to employees working beyond their SPa.

February 2010

Are you filing all your starter and leaver forms online?

If you have 50 or more employees, you should now be filing your Employer Annual return, starter and leaver forms online.

Since 6 April 2009, you have been required to send HMRC the following starter and leaver notifications online:
- P45 (Part 1) - Details of employee leaving.
- P45 (Part 3) - New employee details.
- P46 - Details of employees starting work who do not have P45.
- P46 (Pen) - New pension details.
- P46 (Expat) - Details of those seconded to work either wholly or partly in the UK whilst remaining employed by an overseas employer.

Penalties
In December 2009 HMRC started issuing warning letters to those employers with 50 or more employees who are still not filing their starter and leaver forms online.

Penalties will range from £100 to a maximum of £3000 depending on the number of paper forms that you send , when they should have been done online.

The first penalty notices will be sent in April 2010. We strongly recommend that you now make sure that your payroll processes are working properly. Please check that you are already sending us all your starter and leaver notifications online.

If you have any concerns re filing online, please contact us

Archived News


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Company number 6147512 (England)


Arch Payroll Agency
, Hampton House, Oldham Road, Middleton, Manchester M24 1GT.
Tel: 0161 655 2000. Fax: 0161 653 5358. Email: arch@mbrookes.co.uk
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Page last updated 01 Oct 2010