February Newsletter | 2024
What's new with DS Business Support
No updates to report for DS this month, and I would like to concentrate on the below National Minimum Wage as priority as it may impact your business.
HMRC Updates
HMRC have issued their new employer bulletin, you can find it on the following link: February 2024 issue of the Employer Bulletin - GOV.UK (www.gov.uk)
As we are going into Month 12 of the tax year, now is the time to start prepping for your 2024-2025 tax year. Most importantly, National Minimum wage. You must ensure you are paying National Minimum Wage to all employees by week 1 / month 1.
This link will provide you with a table of the new rates. Please can you check this link, and notify us of any wages increases for your staff by the 30th March in order for us to prep the payroll for April: National Minimum Wage and National Living Wage rates - GOV.UK (www.gov.uk)