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NATIONAL LIVING WAGE – IS YOUR BUSINESS READY FOR 1 APRIL 2020?

From 1 April 2020, nearly three million workers are set to benefit from increases to the National Living Wage (NLW) and minimum wage rates for younger workers, according to estimates from the independent Low Pay Commission. From 1 April 2020, the NLW will rise from £8.21 per hour to £8.72 per hour. The new rates…Read More

SELF ASSESSMENT PENALTIES

Due to cash flow difficulties, I have not yet paid my self-assessment payment on account, which was due on 31 July 2018. I realise that I will have to pay interest on the amount outstanding, but will I also have to pay a penalty? A. As you correctly say, HMRC will charge interest on the overdue…Read More

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