PAYE and NI

Employment costs for small firms revealed

Small businesses pay an average of £35,500 to hire their first employee, according to research by the Centre for Economic and Business Research and the Federation of Small Businesses.

IR35 self-assessment scrapped

Businesses will no longer be able to self-assess their risk to IR35 from April 2015, HMRC has announced.

New personal tax statement for 24 million people

From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced.

RTI extension for micro employers

Micro employers will be given until April 2016 to adapt to the real time information system for reporting PAYE payments, HM Revenue & Customs has announced.

New minimum wage rates now in force

The latest increases to minimum wage rates have come into force today, in line with recommendations set out by the Low Pay Commission.

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