A reminder to all of our clients that the national minimum wage rates increased from 1 October 2011 to the following: -

Workers aged 21 and over - £6.08 / hour

Workers between 18-20 - £4.98 / hour

Workers between 16-17 - £3.68 / hour

Apprentices (under 19 or over 19 in 1st year) - £2.60 / hour.

If you need any more information on payroll matters please contact Harrisons Accountants in Biggleswade on 01767 312 696.

It has been a while since we have had time to do any updates. We are currently recruiting new clients so if you are looking to save money on your accountancy affairs do get in touch. Daniel has a new linkedin profile so if you want to have a look the link is http://uk.linkedin.com/pub/daniel-harrison/2a/934/419

HM Revenue & Customs have recently issued revised guidance in relation to penalties for late payment of PAYE & NIC's for employers. 

The penalties are based on the number of times late in a tax year as follows: -

1 - No penalty as long as less than six months late

2-4 - 1%

5-7 - 2%

8-10 - 3%

11 or more - 4%

If you would like more information on the above or any other payroll matter, please contact Harrisons Accountants in Biggleswade on 01767 312696 or via email.

As a reminder, the 2011/12 ISA subscription limits will be £10,680 after they have been increased in line with the Retail Price Index. Half of this limit (£5,340) can be saved in a cash ISA. 

From today the standard rate of VAT increases from 17.5% to 20%.

If you require any assistance in operating the VAT rate change, please contact Harrisons Accountancy - Accountants in Biggleswade, Bedfordshire