Archive for September, 2012

Changes to the national minimum wage from 1 October 2012

Friday, September 21st, 2012

Every year, in October, the national minimum wage rates change.  From 1 October 2012, you must make sure that you pay your employees at least the new minimum rates. The new hourly rates are:

  • Workers aged 21 and over – £6.19
  • Workers aged 18 to 20 – £4.98 – no change
  • Workers aged 16 and 17 – £3.68 – no change
  • Apprentices – £2.65

The end of the Student Employee?

Sunday, September 16th, 2012

Well not quite, but an end to the P38(s) student form. This form, once completed and signed, enabled employers to employ students in their holidays etc. without deducting tax from their pay until they had earned enough to use the tax free personal allowance.

From 6th April 2013 the forms will no longer be valid and employers will need to use P46’s. Students will be treated in the same way as all other employees for PAYE tax and NICs purposes regardless of when they work for you

You will have to ask them to complete a P46 and you may need to register for PAYE with HMRC.