Employers Bulletin No. 21

NATIONAL MINIMUM WAGE

With effect from 1^st October 2012 the hourly rates increase as follows:

21 and over     £6.19

18-20 years     £4.98

16-17 years     £3.68

Apprentices     £2.65

FORM P46

A new version is now available and copies can be downloaded at www.hmrc.gov.uk/forms/p46.pdf

FORM P38(S)

From 6^th April 2013 students must be treated in the same way as all other employees for Income Tax and National Insurance contributions purposes and consequently Form P38(S) will be withdrawn from this date.

FUEL MILEAGE RATES

Company Car

The business mileage rates changed on 1^st Sept 2012 and are now:

Engine size                                       Petrol              Diesel                LPG

1400cc or less                                   15p                  12p                  10p

1401 – 2000cc                                  18p                  15p                  12p

Over 2000cc                                     26p                  18p                  17p

Employee’s own car unchanged at:

45p per mile for the first 10,000 business miles per annum

25p per business mile thereafter.