Author Archives: Anna Cummings

Comments Off on HMRC are Gearing Up for the New Corporate Criminal Tax Offences

HMRC are Gearing Up for the New Corporate Criminal Tax Offences

HMRC are Gearing Up for the New Corporate Criminal Tax Offences

Legislation providing for new corporate criminal offences of failure to prevent the facilitation of tax evasion is now in effect. The new offences, contained in the Criminal Finances Act 2017, will make businesses vicariously liable if an employee or other ‘associated’ person criminally facilitates tax evasion whilst acting in that capacity for the business, even … Continued

Comments Off on HMRC to Tackle Offshore Non-Compliance

HMRC to Tackle Offshore Non-Compliance

HMRC to Tackle Offshore Non-Compliance

Over recent years, HMRC has adopted a zero-tolerance attitude towards offshore tax evasion. It has sent a clear message that the days of any safe havens for tax evaders are numbered. In December 2016, the government published draft legislation for Finance Bill 2017 and its response to the consultation document Tackling Offshore Tax Evasion: a … Continued

Comments Off on Under-25s Push For National Living Wage Equality

Under-25s Push For National Living Wage Equality

Under-25s Push For National Living Wage Equality
Age From 1 April 2017 Over 25 £7.50 21 to 24 £7.05 18 to 20 £5.60 16 to 17 £4.05 Apprentices* £3.50 *Rate applies for under-19s or first-year apprentices. Talk to us about your payroll requirements. Contact Sue Stephens.          ">
Workers under the age of 25 are missing out on more than £6,000 a year because they are not entitled to the national living wage (NLW). Charity group Young Women’s Trust polled 4,010 people aged between 18 and 30, finding the average young worker is paid £3.45 an hour less for doing the same work as older people. Over the course of the year, younger workers are receiving £6,279 less than their older colleagues. Apprentices under the age of 25 fall short of the current NLW rate of £7.50 an hour, leaving them £7,280 a year worse off than workers over 25. 83% currently support the idea of raising the minimum wage for apprentices and 79% suggest equal pay by extending the NLW to under-25s. Dr Carole Easton OBE, chief executive for Young Women’s Trust, said: “Much more needs to be done to improve young people’s prospects [...] significantly increasing the apprentice minimum wage and changing the law to ensure under-25s are entitled to the same NLW as everyone else.”

Checks and compliance

It is a legal requirement for all employers to pay their staff the NLW or national minimum wage (NMW). Failure to do so will result in a fine from HMRC and the employer being named by the government.

NMW and NLW rates

Age From 1 April 2017
Over 25 £7.50
21 to 24 £7.05
18 to 20 £5.60
16 to 17 £4.05
Apprentices* £3.50
*Rate applies for under-19s or first-year apprentices. Talk to us about your payroll requirements. Contact Sue Stephens.