Rates Change on April 1st 2018
Time to update your payroll system because National Minimum Wage rates are changing from April 1st.
Here’s a before and after list for you to check.
|25 and over||£7.50||£7.83|
|21 to 24||£7.05||£7.38|
|18 to 20||£5.60||£5.90|
Remember that Real Time Information (RTI) means you must use the correct data to ensure your reporting is accurate.
Lewis Smith & Co. offers a payroll bureau service to take away all of the hassle of managing changes like this. Make sure you remain HMRC compliant and sign up today.
Lewis Smith & Co. – Accountancy services for Kingswinford businesses