Gardiner Fosh chartered accountants and business advisers

Accountancy &
Taxation Services:
Budget Report
2010/11

Introduction
Budget Highlights
Business Tax &
Investment Incentives
Capital Taxes
Duties
National Minimum Wage
Income Tax &
Personal Savings
Value Added Tax
Tax & Travel
National Insurance
Other measures announced
2011/2012 Tax Calendar

National Minimum Wage (NMW)

The current NMW rates are as follows:

Age 21 and over 18-20 16 and 17
From 1 October 2010 £5.93 £4.92 £3.64

An apprentice rate of £2.50 applies to apprentices under 19, or those 19 and over in the first year of apprenticeship.

The Government has launched a new scheme to expose publicly employers who deliberately pay their staff less than the NMW. Under the scheme, which came into effect on 1 January 2011, defaulting employers may have their breaches publicised by the Department for Business, Innovation and Skills. 

 

 
Introduction|Budget Highlights|Business Tax & Investment Incentives 
Capital TaxesDutiesIncome Tax & Personal SavingsVAT
Tax & Travel  | National Insurance |Other Measures | 20010/11 Tax Calendar  

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