The new national minimum wage (NMW) comes into force tomorrow (1st October 2010). This is the lowest hourly rate you can pay your employees as set by law. The rates that will apply from tomorrow are:-
The recently published decision by the Tax Tribunal went against the taxpayer despite her threat to read the news totally naked if the decision went against her!
Will it happen? I doubt it. This was part of the defence that BBC news presenter Sian Williams made in her battle to have her expenses for clothes, hair and laundry allowed against her BBC income.
I was recently asked by the owner of a fair sized business if there were still any perks he could give his employees that didn’t attract tax and national insurance. The answer, even in these days of high tax, is yes – unbelievably!
I started to list a few things down and realized this would make interesting reading for a fair number of employers who are sick to the back teeth of having everything they try and give their employees taxed to the point of it no longer being worthwhile doing