From April 2021 the National Living Wage replaces the National Minimum Wage for employees aged 23 and over. This amount is £8.91 per hour. For employees ages 21-22 £8.36, 18-20 £6.56 and under 18’s £4.62.
Spring Budget 2024 – please read on for the main points of note.
If your 2023 tax is not paid by 1st March 2024 there is a 5% penalty based on the outstanding tax amount, if not paid by 1st August 2024 then another 5% penalty and if still unpaid by 1st Feb 2025 yet another 5%.
Remember to pay your balancing personal tax payment for 2023 plus your first account payment for 2024 by 31st January 2024. You can pay this by going to www.hmrc.gov.uk/pay-self-assessment-tax-bill