Monthly Archives for July, 2014

Key Dates for August

July 30, 2014
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August 19

  • Postal payments for month ended 5 August should reach your HMRC Accounts Office by this date. If you pay late you may have to pay a late payment penalty.
  • Receipt of the Contractors Monthly Returns for month ended 5 August for those under the Construction Industry Scheme is due by this date whether submitted electronically or on paper.
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Newsletter Update

July 3, 2014
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National Minimum Wage Update

As of October 2014 the National Minimum Wage (NMW) will be increasing. The new hourly rates are as follows:
  • Workers aged 21 and over will increase from £6.31 to £6.50
  • Workers between the ages of 18-20 will increase from £5.03 to £5.13
  • Workers between the ages of 16-17 will increase from £3.72 - £3.79
  • Apprentices up to the age of 19, or in their first year of apprenticeship, will increase from £2.68 to £2.73  (unless the rate is specified in the apprentice training contract). If the apprentice is 19 or over and past their first year of training, they will get the rate that applies to their age.

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