In this week’s miscellaneous updates, HMRC is holding a webinar tomorrow on the National Minimum Wage increase from 1 April 2025 and the minutes from two HMRC Stakeholder Forum’s which the Institute is represented on have been published. Amd finally, new GOV.UK content has now been launched on setting up a business as a result of the work of another HMRC forum that the Institute participates in.
National Minimum Wage from 1 April 2025
HMRC is holding a webinar on this tomorrow. Read the full email from HMRC below which includes a link to register for the webinar.
“The National Minimum Wage (NMW) rates increase from 1 April 2025. HMRC is offering a live webinar to help employers get ready for the change, as well as talking over some common mistakes employers make. The NMW team are offering a number of live webinars as mistakes are very easy to make. If your clients are a business that makes deductions through payroll, operate salary sacrifice schemes or don’t necessarily pay for all time worked, this webinar is for you.
The NMW team are offering a number of live webinars as mistakes are very easy to make. If your clients are a business that makes deductions through payroll, operate salary sacrifice schemes or don’t necessarily pay for all time worked, this webinar is for you.
Getting ready for the National Minimum Wage increase
Register for this webinar on how we can help you get your clients ready for the new rates and avoid accidentally underpaying your workers. You’ll have the opportunity to ask questions throughout using the on-screen text box.
Some other useful steps employers/your clients can take, include:
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- identify which staff are due the new rate
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- update payroll systems as soon as possible
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- contact the ACAS helpline to get impartial and confidential advice on paying workers correctly
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- ·visit the 'Calculating the minimum wage' guidance page on GOV.UK for advice on how to perform the right calculations, because NMW is more than just a pay rate.”
Stakeholder Forum minutes
HMRC has published the minutes of the November 2024 Wealthy External Forum sub-group examining the changes to the taxation of non-doms on GOV. UK.
The following guidance has also been published by HMRC’S Wealthy Team:
The minutes from the 128th Joint VAT Consultative Committee meeting from January 2025 have also been published and are now live on GOV.UK.
New content on starting up a business
HMRC has published the following new content on GOV.UK as a result of the work of the Guidance Strategy Forum which the Institute participates in:
The guidance contains a new comparison table format which is not previously done on GOV.UK before. Since the launch there has been a lot of great feedback about how users are finding it useful.
This is not the end of this group’s work but is considered to be a major milestone. HMRC is conducting another round of user research with limited companies (and another with sole traders is planned) and is also now conducting impact tracking to see if the changes help users in the way that the new guidance aims to.
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