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HMRC Announcements

RTI (Real-time Information)

March 23, 2016 4:33 pm

What is RTI? RTI is a new reporting system introduced by HMRC.  Historically, dating from the days when most nannies were classed as domestic servants within large households, nannies have been paid a net wage with the employer paying all income tax, employee’s and employer’s National Insurance contributions on top of the agreed wage. This…

National Minimum Wage (NMW) & The Living Wage (LW)

March 23, 2016 4:15 pm

All employees are typically covered by both the National Minimum Wage (NMW) and the new Living Wage (LW).  Employers must pay at least this for all hours worked by a employee. PFN Payroll monitors all new government regulation in such areas and will normally advise clients where it appears they may inadvertently contravene such rules…