Important 2018 Dates For Your Diary

Here is the list of important dates that you should be remembering over the next couple of months.

Gender Pay Gap Reporting

Employers must publish reports by 30th March 2018 for Public Sector and 4th April 2018 for Private Sector.

National Minimum Wage

The National Minimum Wage will be increasing on 1st April 2018. Here are the new pay rates:

Age:

– 25 and over – £7.83
– 21 to 24 – £7.38
– 18 to 20 – £5.90
– Under 18 – £4.20
– Apprentice – £3.70

Statutory Maternity, Paternity, Parental Leave and Adoption Leave

The Statutory Maternity, Paternity, Parental Leave and Adoption Leave rates will increase to £145.18 (or 90% of the average weekly earnings if it is less than this) on 1st April 2018.

Income Tax Allowance

There will an increase to income tax allowance thresholds on 6th April 2018. For lower tax rate payers it will be £11,850 and higher tax rate payers it will be £46,350.

National Insurance Contributions

The lower earnings limit for National Insurance contributions will increase to £116 per week on 6th April 2018.

Pensions Auto-Enrolment Scheme

Employer contribution into a pensions auto-enrolment schemes will increase from 1% to 2% on 6th April 2018 and there is a planned further increase to 3% for 2019.

Statutory Sick Pay

There will be an increase to Statutory Sick pay rates to £92.05 per week on 6th April 2018.

General Data Protection Regulation

The General Data Protection Regulation (GDPR) will come into force on 25th May 2018.

EU Trade Secrets Directive

The new EU Wide definition of “trade secret” to protect against unlawful acquisitions, use or disclosure will come into place in June 2018.

Remember to save these dates so you do not miss anything. If you have any questions or concerns about any of these changes, get in touch today.

Mark Whitfield

An experienced Director who controls and oversee all business operations, people and ventures. Responsible for the overall success of the business.

As a leader, he is able to steer a company to the most profitable direction while also implementing its vision, mission and long term goals. Additionally, he has strong crisis management skills to “save” companies in times of need.