National Minimum Wage Archives | Taxfile https://www.taxfile.co.uk/category/national-minimum-wage/ Tax advice & accounting services for South London businesses & SMEs Sun, 31 Oct 2021 20:53:25 +0000 en-GB hourly 1 Summer Budget 2015 – Key Tax Takeaways https://www.taxfile.co.uk/2015/07/summer-budget-2015/ Fri, 17 Jul 2015 11:46:54 +0000 http://www.taxfile.co.uk/?p=1478 The Summer Budget was announced last week and in this blog post we’ll take a look at only those changes which will affect ordinary taxpayers and SMEs. In his opening remarks, the Chancellor of the Exchequer, George Osborne, promised: A Budget … to keep moving us from a low wage, high tax, high welfare economy; […]

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]]> Highlights from the Chancellor’s Budget, 18 March 2015 https://www.taxfile.co.uk/2015/03/highlights-from-the-chancellors-budget-18-march-2015/ Thu, 19 Mar 2015 15:51:20 +0000 http://s168566730.websitehome.co.uk/Taxfile-WP-site/?p=1069 Along with some encouraging news about the UK economy, some interesting new measures were announced in the Chancellor’s Budget yesterday and below we highlight those which we feel will directly impact the majority of UK taxpayers: As widely forecast, the tax-free allowance will increase. The amount people can earn before paying tax will rise to […]

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]]> Changes to Minimum Wage from 1st October https://www.taxfile.co.uk/2009/10/changes-to-minimum-wage-from-october-the-1st/ Sat, 10 Oct 2009 10:57:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=44 As explained in a previous blog post, Minimum Wage is defined as the lowest wage payable to most employees as fixed by law or union agreement. As from 01/10/09 new rates came in place: •£5.80 – as the main rate for workers aged 22 and over; •£4.83 – the 18-21 rate; •£3.57 – the 16-17 […]

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]]> National Minimum Wage https://www.taxfile.co.uk/2008/10/national-minimum-wage/ Sat, 04 Oct 2008 09:51:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=15 Minimum Wage is defined as the lowest wage payable to most employees as fixed by law or union agreement. There are three different rates of Minimum Wage: •Adults’ rate for workers aged 22 and over •Development rate for those aged between 18 and 21 •Young people’s rate for those older than school leaving age and […]

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