There are a few updates and changes which everyone should be aware of outlined below. If you have any questions or concerns please contact the team at Astons.

National Minimum Wage rates – The adult rate of the National Minimum Wage increases from 1 October 2011

The NMW rates are reviewed each year by the Low Pay Commission and from 1 October 2011:

• The main rate for workers aged 21 and over will increase to £6.08
• The 18-20 rate will increase to £4.98
• The 16-17 rate for workers above school leaving age but under 18 will increase to £3.68
• The apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship will increase to £2.60

Read more on www.direct.gov.uk

Changes to Companies House regulations from 1 October 2011
There are new regulations coming into force on 1st October 2011 relating to Standard Industrial Codes (SIC Codes), Shareholder disclosure as part of the Annual Returns and Overseas Company Mortgages or Charges.

Advisory fuel rates for company cars for journeys on or after 1 September 2011

Read more on www.hmrc.gov.uk