PAYE and NI

Government plans unveiled in Queen's Speech

The government has revealed its legislative goals for the next Parliament in the Queen's Speech. Here's a summary of the key bills affecting businesses.

SMEs want more simplicity and stability

More than a quarter of SMEs say that simplifying the PAYE system should be the new government's number one immediate priority, according to a survey by Bibby Financial Services.

National minimum wage to rise to £6.70

The national minimum wage for adults will increase by 20p to £6.70 on 1 October 2015, the government has announced.

Small firms concerned about cloud computing

Almost 4 in 10 small businesses are concerned about the security of using cloud accounting services, according to research by the Federation of Small Businesses.

Raise minimum wage, says LPC

The national minimum wage should be increased by 3% in October 2015, according to the Low Pay Commission.

Small employers not prepared for auto-enrolment

The majority of small and micro-employers have not set up a workplace pension scheme ahead of their auto-enrolment staging dates, according to research by the National Employment Savings Trust.

Tribunal says holiday pay should include overtime

Thousands of businesses are facing additional costs after a tribunal ruled that overtime should be included in holiday pay calculations.

Employment costs for small firms revealed

Small businesses pay an average of £35,500 to hire their first employee, according to research by the Centre for Economic and Business Research and the Federation of Small Businesses.

IR35 self-assessment scrapped

Businesses will no longer be able to self-assess their risk to IR35 from April 2015, HMRC has announced.

New personal tax statement for 24 million people

From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced.

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