1st March 2022
General
CHW Accounting
From 1 April 2022, the government is increasing but the National Minimum and National Living Wage rates.
The National Minimum Wage is the minimum amount an employee has to be paid – it is for people who are under the age of 25 and is mandated by law.
The National Living Wage is also a minimum amount that an employee legally has to be paid. The primary difference from the National Minimum Wage is that this is applied to people who are aged 25 and over.
Here are the changes which employers should be aware of:
From 1 April 2022, National Minimum Wages and National Living Wage Rates are as follows:
Who is entitled to the National Minimum Wage?
Most workers in the UK are entitled to National Minimum Wage although there some groups who are not entitled, these include:
Who is entitled to the National Living Wage?
Workers must be aged 25 or over to be entitled to the National Living Wage.
What about part time workers?
It makes no difference to a worker’s entitlement to the National Minimum Wage whether they work full time or part time, or whether they are an agency worker, a temporary or casual worker, a piece worker or home worker.
Grab a biscuit and a brew and read our latest news.
8 March 2022
Temporary reduced VAT rate for leisure and hospitality to...
On 8 July 2020, as an urgent response to the pandemic, the government announced a number of VAT measures including a temporary reduction of the VAT…
1 March 2022
National Minimum and National Living Wage changes April 2022
From 1 April 2022, the government is increasing but the National Minimum and National Living Wage rates. The National Minimum Wage is the minimum amount an…
22 February 2022
Dividend taxes to rise from 6 April 2022 –...
The government has confirmed that it will not be backing down on the planned hike in National Insurance (NI) and dividend tax from April 2022. There…
10 January 2022
Late filing and late payment penalties are to be...
HMRC has given self-assessment taxpayers more time to ease COVID-19 pressures. With the self-assessment deadline less than three weeks away, many individuals and agents will be…
7 January 2022
Making tax digital for VAT – April 2022 –...
Since 1 April 2019, VAT-registered businesses with a turnover above the VAT registration threshold of £85,000 have been required to keep their records digitally and provide…
No matter what your challenge is, we’ve probably dealt with it before.