Christmas Closing Dates

Our office is closed from
Lunchtime Friday 23rd December And will re-open on
Tuesday 3rd January

Tax Free Protection Insurance

We now offer our clients an insurance policy from QDOS Vantage to cover our professional fees incurred as a result of dealing with tax investigations from HMRC. 

Please see our main page for details www.ktcselby.co.uk

or click here for a quote http://ktc.qdosconsulting.com/home/tfp-insurance

Christmas Closing Dates

Our office is closed from
Lunchtime Thursday 24th December And will re-open on
Monday 4th January

For any urgent matters please email: enquiries@ktcselby.co.uk

National Living Wage

From 1 April 2016, the Government is introducing the National Living Wage, which offers a premium rate on top of the current National Minimum Wage.

If you have employees who are 25 or over and not in their first year of an apprenticeship, from
1st April 2016 you must pay them at least £7.20 an hour.

Note: Employers who don't comply with the national minimum wage are subject to automatic financial penalties. Even if you mistakenly underpay employees, you'll have to pay the penalty. The penalties range between £100 and £5,000 and in the most serious cases, you could also face an unlimited fine.

Minimum Wage Increase as from 1st October

PLEASE NOTE: as from 1st October 2015 the national minimum wage has increased to the following rates:

Year	21 and over	18 to 20	Under 18	Apprentice
2015 (from 1 October)	£6.70	£5.30	£3.87	£3.30

Christmas Closing Dates

Our office is closed from
Lunchtime Tuesday 23^rd December And will re-open on
Friday 2^nd January

For any urgent matters please email: enquiries@ktcselby.co.uk

HMRC to Issue Payroll Late Filing Penalties from October 2014

Penalties for the new RTI (Real Time Information) payroll scheme will be introduced from October 2014, so it is essential that RTI returns are sent in to HMRC on time.

Penalties will be issued by HMRC if a submission is not made either on or before the date that you pay your employees.

The late filing penalty you will receive is based on the number of employees within your PAYE scheme shown in the table below: 

Number of Employee’s	Monthly Penalty
1 to 9	£100
10 to 49	£200
50 to 249	£300
250 or more	£400

As part of our payroll service we make sure that all submissions are made to HMRC on time (as we have done since RTI started in April 2013), so there is no need to worry.

However If you currently manage your own payroll please get in touch to discuss how we can help run your PAYE scheme and remove some of the stress from being an employer.

www.ktcselby.co.uk