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JUNE 2022

ENTERPRISE BUSINESS &COMMERCIAL NEWSLETTER

albertgoodman.co.uk

WELCOME Change seems to be the key theme of this newsletter, and while change can be difficult, by embracing it in a positive way we are most likely to make the most of the opportunities it can bring. The change towards a fully digital economy means Making Tax Digital will soon be a requirement for even the smallest businesses and MTD for Income Tax Self-Assessment is coming in 2024. Our new Head of Cloud and Outsourcing, Darren Jasper looks at the way that businesses can use cloud accounting to operate efficiently and deliver immediate returns in to the business. There are corporation tax changes on the horizon, and tax expert Kelly Di Notaro takes looks at the detail and how this will impact your business on page 7. Some National Insurance contributions are also changing, but don’t fear Helen Trowbridge explains all within this newsletter. I’m pleased to say that there has been lots of positive change at Albert Goodman, as we were recently named the UK’s number 1 accountancy firm to work for, and we also welcomed Iain McVicar as our new Managing Partner. I hope you find this newsletter full of useful and informative information.

Mike Cahill Partner

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CONTENTS 04................................................................. Upcoming Tax Deadlines 05......................................... VAT Registered businesses not already “Making Tax Digital” now need to be 06................................................................Companies House reform 07................................................... Corporation Tax Increase in 2023 08 - 09........... Doing more with Cloud Accounting and Outsourcing; A Theoretical Case Study 10 - 11....................... Research & Development - Impact Of Covid-19 12-13................................................................... Basis Period Reform 14................. National Insurance contributions rise from April 2022

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UPCOMING TAX DEADLINES JUNE 2021 19th

PAYE/CIS liabilities for month ended 5th June 2022 if paying by cheque. File monthly CIS return.

22nd

PAYE/CIS liabilities for month ended 5th June 2021 if paying electronically.

JULY 2021 1st

Payment of corporation tax liabilities for periods ending 30 September for small and medium sized companies not liable to pay in instalments.

6th

Submit forms P11D, P11Db and provide your employees with a copy of their P11D.

7th

VAT return and payment for May 2022 quarter (online).

19th

PAYE/CIS liabilities for month ended 5th July 2022 if paying by cheque. File monthly CIS return. Pay Class 1 A NIC if applicable (paying by cheque).

22nd

PAYE/CIS liabilities for month ended 5th July 2021 if paying electronically. Pay Class 1 A NIC if applicable (paying electronically).

AUGUST 2021 1st

Payment of corporation tax liabilities for periods ending 31 October 2021 for small and medium sized companies not liable to pay in instalments.

7th

VAT return and payment for June 2022 quarter (online).

19th

PAYE/CIS liabilities for month ended 5th August 2022 if paying by cheque. File monthly CIS return.

22nd

PAYE/CIS liabilities for month ended 5th August 2022 if paying electronically.

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VAT REGISTERED BUSINESSES NOT ALREADY “MAKING TAX DIGITAL” NOW NEED TO BE WHAT IS MAKING TAX DIGITAL FOR VAT? VAT registered businesses with a taxable turnover above the VAT registration threshold currently have to keep certain digital records and must file their VAT returns directly from these digital systems. This is referred to as Making Tax Digital for VAT or MTD. The digital record system can be a software programme on a computer or an app on a tablet or smartphone. Whichever system is used it must record certain information. This includes, in relation to income, the date supplies were made, their value and the rate of VAT charged. Similarly for expenses the date of the supply, the value and the amount of VAT to be reclaimed has to be recorded. There are specific MTD requirements for certain types of businesses including retailers or businesses using Margin Schemes. MTD does not remove the requirement to keep and preserve records specific to those schemes but it does specify which records must be kept digitally. If information required by MTD is kept in different software systems or programmes the transfer of data into the system used to calculate and submit the VAT return values has to be made using a digital link and not manually. Some records can be kept outside of the MTD software and adjustments made manually, including Partial Exemption and Retail Scheme annual adjustments. Businesses required to use MTD have to submit their VAT returns to HMRC directly from their software and not enter the figures manually into the HMRC system. At present HMRC only receives the values of the nine boxes of a VAT return, not the detail of how these have been calculated.

HMRC may grant exemption if they are satisfied MTD is not practical, the examples they give are due to age, disability or location or it is run entirely by practising members of a religious society (or order) whose beliefs are incompatible with using electronic communications or keeping electronic records.

ACTION REQUIRED Businesses that are not MTD compliant need to consider how to resolve this as soon as possible as time is running out. Those business with a 31 March stagger date will have filed their last return outside of MTD so if this is you and you haven’t switched to an MTD solution you now have until 7 August (the final date by which your 30 June 2022 return has to be filed) to get this sorted. Those registered for VAT on a voluntary basis could deregister although this may not be without a cost. In some circumstances deregistering will trigger a VAT charge on stocks and assets that are on hand when the VAT registration is cancelled. In agricultural businesses which tend to own relatively high value machinery an exit charge is quite likely. The implications of deregistering do need to be carefully considered. For businesses that wish to, or must, remain VAT registered and who are not eligible for exemption there are a number of options. Most off the shelf accounting packages are MTD compliant. If you would like Albert Goodman to review your processes speak to your normal contact at Albert Goodman or email richard.taylor@albertgoodman. co.uk, we would be happy to assist.

WHAT IS CHANGING? From April 2022 MTD for VAT is being extended to all VAT registered businesses. The change will apply from the first VAT return period beginning on or after 1 April 2022.

Richard Taylor VAT Manager richard.taylor@albertgoodman.co.uk ENTERPRISE NE WSLE T TER

COMPANIES HOUSE REFORM At the end of February the government published its whitepaper of changes which are coming to companies house in the near future. No exact time frame has been given as yet, as the new rules will need to be brought in through statutory instrument, however this is considered to be a priority of government as part of the Economic Crime Bill. The objectives of the reform are to ensure that:

• the registrar is fit for purpose in a digital-based economy

• the risk of the UK being used for corruption and organised crime is reduced

• enterprise in the UK is boosted by greater confidence in the system

A summary of some of the key changes are below.

KEY CHANGES TO BE MADE The role of the registrar is going to change from that of a registration body only, to an increased remit of maintaining integrity, having the power of query and request for information, and for the rejection of filings. Better data sharing will be enabled so that discrepancies between data can be found on a more frequent basis. This will be done by

• the registrar sharing information with law

enforcement, regulatory and other public bodies and AML supervisors

• the registrar cross referencing companies house data with data held by public and some private bodies

• expansion of the scope of current discrepancy

This will result in:

• Mandatory verification for those incorporating and

filing with companies house • All registered entities having at least one verifiable person on the public register • All new and existing company directors, PSCs and anyone else submitting filings being registered. In order to achieve better financial management practices within SMEs, increase digital reporting, enhance business and credit decisions, and help wider efforts to combat economic crime the following changes are being made:

• All company accounts will need to be digitally filed in iXBRL formats

• The filing requirements for small and micro entities will no longer include filleted and abridged options

• All small and micro entities will be required to file their profit and loss

• All small entities will file their directors report If you would like to discuss how the changes at companies house will impact you and your business please get in touch with your usual Albert Goodman Contact.

reporting to include director information and registered offices

Those setting up, managing, and controlling companies and other registrable entities will be required to have their identity verified with Companies House, or have registered and verified their identity via an anti-money laundering supervised third-party agent. 06

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Sophie Parkhouse Partner sophie.parkhouse@albertgoodman.co.uk

CORPORATION TAX INCREASE IN 2023 The 2021 Spring Budget announced an increase to the main rate of corporation tax, to take effect from 1 April 2023 (Financial Year 2023). Currently the rate of corporation tax is set at 19% regardless of the level of profits made by a company. This is set to change with the main rate to rise to 25%, although some smaller companies will continue to benefit from the lower rate. The lower rate will be unavailable to close investmentholding companies and those not resident in the UK. From 1 April 2023 the applicable tax rate will be determined based on the level of a company’s profits, with those over £250,000 paying tax at 25% (on the total), and those with profits below £50,000 continuing to pay at 19%. Marginal relief will apply to profits between £50,000 and £250,000 to smooth the transition between the small profits rate and the main rate. The tax due is calculated by applying a complex formula and despite the ‘smoothing’ it has the effect of increasing the tax due on profits within this range to a rate above 25%. Companies may therefore wish to plan and consider reducing profits below the marginal rate limit where this is likely to apply. For example, this could be achieved through the making of employer pension contributions or by bringing forward the purchase of plant and machinery.

EXAMPLE A company has taxable trading profits of £100,000 in each of the two years ended 31 March 2024. It has no associated companies and no other sources of income. The tax liability for each year is summarised in the table below. 31 March 2023

£19,000

31 March 2024

£22,750

Increase in corporation tax

£3,750

The corporation tax due for 31 March 2024 is calculated by taxing all profits at the upper rate and then applying a reduction for the marginal relief, which in this example is £2,250: £100,000 x 25%

£25,000

Less marginal relief (using formula)

(£2,250)

Corporation tax due

£22,750

Each additional £1 of profit in the marginal rate band (between £50,000 and £100,000 for this company) is therefore taxed at an effective marginal rate of 26.5%

which is more expensive than the main rate of tax, and hence the need for businesses to plan accordingly. £50,000 x 19%

£9,500

£50,000 x 26.5%

£13,250

Corporation tax due

£22,750

OTHER POINTS TO CONSIDER When calculating the corporation tax due from 1 April 2023, it is important to remember that where a company’s accounting period straddles more than one financial year, the chargeable profits of the accounting period must also be apportioned between the applicable financial years in determining the rate of tax. The marginal relief calculation makes reference to a company’s ‘augmented profits’ which generally will be a company’s taxable profits plus any exempt distributions from non-group companies (for example dividend receipts from non-group companies). Care also needs to be taken with the £50,000 lower and £250,000 upper limits as these will be proportionately reduced where: • an accounting period is less than 12 months, and / or • there are associated companies. The way in which associated companies are recognised is also changing from 1 April 2023 from the current test of at least 51% ownership to one of control. This is likely to result in more companies becoming associated. If you would like to discuss how any of the upcoming changes may affect your business then please get in touch.

Kelly Di Notaro Tax Manager

kelly.di-notaro@albertgoodman.co.uk ENTERPRISE NE WSLE T TER

DOING MORE WITH CLOUD ACCOUNTING AND OUTSOURCING; A THEORETICAL CASE STUDY Even in this age of Making Tax Digital (MTD) and monthly software subscriptions, a number of businesses still manage their finances on desktop software isolated from the timely support of their accountant. Let’s explore how keeping your finances in the cloud, and sharing access with your accountant, could benefit both the business and its owner with this theoretical case study. The business owner currently maintains their records on desktop software and provides their accountant with a backup three months after the year end. This is the first time the accountant has seen the financials since last year. The accounts and corporation tax return are prepared showing a 50% increase in net profit, and a comparable increase in the corporation tax liability. There is now a cash surplus in the company bank account, but it is too late to do anything to minimise the tax liability. Now into month five of the current financial year, the business owner makes the decision to move to Xero. Albert Goodman setup Xero, transfer the trading balances from the desktop software and train the client on how to use the software. Aside from the initial time investment on training and setup, the benefits are almost immediate. By using Hubdoc, a free add-on, to automate the entry of purchase invoices, and bank feeds to automate the entry of bank transactions, the time saved means that the business owner now has additional time to reinvest in the business.

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This time is used to invoice customers more regularly and accurately based on costs being tracked within Xero. Invoice reminders are setup in Xero prompting customers to pay overdue invoices, thus reducing the time customers take to pay. Both these processes improve cash flow into the business. As invoices are being upload to Xero via Hubdoc, all the information required for Albert Goodman to review the quarter two VAT return was accessible remotely. This compliance review uncovers underclaimed VAT and gives comfort to the business owners over the accuracy of the information submitted to HMRC. Whilst this may have been picked up at the year end, doing it real time on a regular basis is much more effective and saves over/underpayments of VAT. On reviewing the quarter three VAT return it is apparent that the business is having another strong year; profits are anticipated to have increased by 200% at the year end. The accountant highlights this to the business owner and suggests ways to mitigate the tax liability: The business owner was already considering replacing the double-cab pickup truck they use to travel between sites. With the 130% first-year capital allowance super deduction available to companies until 31 March 2023, the £30,000 truck reduced the tax liability by circa

£7,500. A saving of 25p for every £1 invested. Both director-shareholders had underutilised personal pension schemes. Given the strong performance of the company the cash surplus an introduction to Albert Goodman Financial Planning is made. It is agreed that the company will make personal pension contributions for the business owners. Pension contributions are a tax-deductible expense in the company (within certain limits) and add to a personal investment that will grow tax-free for the business owners. Managing tax bills is only one aspect of running a business; liabilities still need to be paid so before making the pension contributions, the accountant prepares a short-term cashflow forecast to find the optimum contribution level to balance tax savings whilst leaving enough liquidity in the business to support growth and payment of debts. The business has now outgrown the capacity of the business owners to manage all the day-to-day financial management tasks by themselves. By using the data acquisition tools in Xero and Hubdoc, Albert Goodman now handles the bookkeeping; maintaining the customer and supplier ledgers and reconciling the bank. This feeds into the quarterly VAT return review, at which point management accounts are also prepared; comparing current performance against historic and budgeted performance. With this approach, we are on hand throughout the year to meet with the business owners as required. Tax planning is handled proactively, and year end compliance is handled swiftly after the books are closed. Please do get in touch with your usual Albert Goodman contact or Darren Jasper if you would like to discuss this further.

Darren Jasper Head of Outsourcing & Cloud

TAX RETURNS If you have to complete a tax return each year, the deadline for submission is 31 January after the tax year to which the return relates. So, for the 2021/22 tax year you have until 31 January 2023 to get your return completed. If you are due a tax refund or think you might be, it makes sense to get your return completed as early as possible as you will get your refund back much sooner. Equally if your income has increased and you think you will have a big tax bill this year – get your return completed as soon as possible, so that you know what your tax bill is going to be and you have a bit of time to prepare for this. 31 January is the latest date that you can file your 2021/22 return, but you can file it at any point before then, so don’t delay!

darren.jasper@albertgoodman.co.uk

FORMS P11D - BENEFITS IN KIND It’s that time of year again! Benefits in Kind must be reported to HMRC on form P11D and the deadline for doing this is 6 July 2021. Employers are also required to supply employees who are in receipt of benefits with a copy of their P11D, by this time. If you provide benefits to your staff and would like help completing forms P11D, please contact us.

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RESEARCH & DEVELOPMENT IMPACT OF COVID-19 WHAT IS RESEARCH AND DEVELOPMENT? Research and Development (“R&D”) tax relief provides innovative businesses with a valuable tax incentive where works have been carried out on a project that seeks to achieve an advancement in the overall knowledge or capability in a field of science or technology. The relief can be for capital or revenue costs but is only available to companies, with the rate of relief being dependent on whether the claim is being made under the small or medium sized company (SME) scheme or the R&D Expenditure Credit (RDEC) large company scheme.

HOW COULD R&D RELIEF HELP DURING AND AFTER COVID-19? With all the uncertainty and financial concerns facing businesses, dealing with R&D claims for earlier years may not necessarily be a top priority. R&D is however a fantastic form of tax relief which can result in cash back for a company, either by producing a refund of tax already paid or through the “selling” of R&D losses to HMRC for a 14.5% cash credit. Where a profitable company has yet to settle its current year corporation tax liability with HMRC, the R&D claim will instead reduce the tax payment to be made to HMRC by the due date. A company only has a two-year window to deal with its R&D claims. For example, a company with a year end of 31 December 2020 will need to submit its claim before the end of December 2022. 010

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We recommend you get in touch to ensure any R&D claims are dealt with as soon as possible. HMRC can then begin processing any repayment and/or your business can accurately pay only what is due by the payment deadline.

HOW COULD COVID-19 IMPACT A FUTURE R&D CLAIM? The government implemented a number of measures to help businesses during the pandemic including the Job Retention Scheme (“JRS”) and Flexible Furlough Scheme (“FFS”). The JRS and FFS enabled employers to effectively “lay staff off” (furlough staff) but to keep paying them at least some of their wages whilst not working. The grant claimed by the employer to cover the reduced wages was taxable income of the business, in effect offsetting the allowable business deduction for the staff costs paid. Where R&D staff have therefore been furloughed, their total working time will be lower which will limit the time they were available to spend on R&D activities, likely resulting in a lower staff cost being included in the total claim. It will be important for a business to maintain accurate records of when staff members have been furloughed and when time has been spent working on R&D projects as this will enable the total R&D staff cost to be calculated accurately when quantifying the R&D claim.

WILL A CLAIM FOR GOVERNMENT FUNDING IMPACT R&D?

WHAT IF A COMPANY IS NO LONGER A GOING CONCERN?

The government set up various packages to support small and medium-sized businesses during the economic crisis.

One of the criteria for a company to make an R&D claim is that it must be a going concern when the claim is made.

When deciding whether an R&D project is eligible for the SME or RDEC relief, the receipt of grants and subsidies needs to be considered. Where this income is notified state aid it will mean that the qualifying costs for the entire project will be excluded from the SME scheme and instead will only be claimable under RDEC.

A company is a going concern so long as its last published accounts were prepared on a going concern basis and there was nothing in those accounts to indicate that they were only prepared on that basis because R&D relief was expected.

The RDEC benefit is currently just under 11% of the qualifying costs, compared with nearly 44% for SMEs. Funding through the Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Loan Scheme and Bounce Back Loans has been confirmed by HMRC as being notified state aid, meaning that the receipt of this funding could prevent a claim for SME relief. HMRC would however only expect this to happen where the loan relates specifically to the company’s expenditure incurred on an R&D project rather than providing general support for the company. It will therefore be important to determine why such income was received, where applicable.

A company cannot be in administration or liquidation at the point of making a claim. Unfortunately, during and as a result of the pandemic many businesses may be facing an uncertain future and the company’s directors will need to carefully consider whether the next annual accounts should still be prepared on a going concern basis. Where this is not the case, a future R&D claim will not be possible. If you think your company may have carried out R&D and are looking to make a claim, or if you would like to discuss any of the issues raised, please get in touch.

Kelly Di Notaro Tax Manager kelly.di-notaro@albertgoodman.co.uk ENTERPRISE NE WSLE T TER

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BASIS PERIOD REFORM Finance Bill 2021-22 includes legislation implementing the basis period reform first proposed in the summer. The reform aims to move from taxing sole traders and partnerships that are subject to income tax, from the current method which is generally to tax profits arising to an accounting date ending in a tax year, to taxing such businesses on the profits arising in a tax year. Whilst this is still an evolving topic, it is unlikely to go away and sole traders and partnerships who do not prepare their accounts to 31 March or 5 April will need to act and consider their positions sooner rather than later.

SO, WHAT DOES THIS MEAN?

OVERLAP RELIEF

In the transitional year which is expected to be 2023/24, businesses that do not have an accounting year end date between 31 March and 5 April will need to recognise two profit elements:

If the business has any overlap profits, it must offset these against the profits of the 2023/24 tax year. There is no facility to allow the business owner to defer the use of overlap relief and save it up to use on a subsequent occasion (e.g., on retirement).

• The ‘standard part’ - being the profit on the 12 months’ worth of trading beginning with the start of the basis period ending in the transitional year • The ‘transitional part’ - being the profits in respect of the period beginning immediately after the end of the basis period and ending on 5 April 2024.

EXAMPLE:

A business has a 12-month accounting period ending 30 April 2023. In the 2023/24 transitional year it will recognise: The profits arising in the 12-month period ended 30 April 2023 (the standard part). The profits arising in the period from 1 May 2023 to 5 April 2024 (the transitional part). As you can see from the above, this will mean nearly two years of profits fall into the 2023/24 tax year. Reliefs are available in the form of overlap profits and spreading, as explained below. 012

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Following several steps involving the deduction of overlap relief and comparison of the amount of the standard part and transitional part, two numbers arise: • transition profits; and, • the profits of the tax year 2023/24 (generally the share of the transition profits for 2023/24 plus the standard profit if that was more than nil).

SPREADING THE TRANSITION PROFITS Having calculated the transition profits (after the offset of overlap relief) you are going to be allowed to spread them over five tax years, beginning with the transitional year itself. While spreading helps to mitigate the cashflow impact of recognising in some cases nearly two years’ worth of profits in one tax year, it has other unwanted consequences. For example, under the original draft of the legislation published in the summer, for those years over which the transitional profit is spread, taxable income would have been increased for the purposes of determining entitlement to personal allowances and the imposition of charges such as the high-income child benefit charge.

Changes introduced in the Finance Bill mitigates this effect however, this also has other repercussions, the most significant being that no credit can be claimed for overseas taxes suffered on the profits being spread. This particularly impacts overseas partnerships with a UK taxable presence and UK partnerships with overseas operations.

LOSSES IN THE TRANSITIONAL YEAR If a loss arises in the transitional year, the taxpayer can treat the business as ceasing on 5 April 2024 for the purposes of the terminal loss relief rules. This means that this loss can be carried back for up to three tax years, rather than the standard 12 months, to offset against profits taxed in those years.

ESTIMATING AND ALLOCATING PROFITS TO TAX YEARS From the tax year 2024/25 onwards, owners will be taxed on the profits their businesses generated in the tax year concerned, calculated using a pro-rated proportion of the profits for the accounting periods falling partly in each tax year. Building on the example above of a business with a 30 April accounting date, in 2024/25, the default position is that the business would be subject to tax on 25 days’ worth of profits from the accounting period ended 30 April 2024 (6 – 30 April 2024) and 340 days’ worth of profit out of the period ended 30 April 2025. The business can choose to use a different method of measuring the length of the two accounting periods if this is reasonable. One of the challenges the system of allocating profits from different accounting periods introduces is the fact that the profits from the later accounting period might not be known at the time of the allocation and so will

need to be estimated. The end of period statement (under Making Tax Digital) and the business owner’s self-assessment tax return will need to be filed by 31 January 2026 for the 2024/25 tax year. If that business has an accounting period ended 31 December 2025, it will only have ended one month prior to this filing deadline. In many cases, this will not leave enough time for accurate accounting figures to be produced by the deadline and hence estimates will need to be used. Once the final accounting results have been determined and taxable profits calculated, it is likely that an amended return will be filed to reflect these. As you can see from the above, this is not going to be simple and could have a major impact on sole trade and partnerships who don’t currently prepare their accounts to 31 March or 5 April. Careful consideration will need to be given to determine how best to handle this and no two situations will be the same. Changing to a 31 March or 5 April year end may seem like the easiest solution but may not suit all businesses. If you are concerned about how this will impact your business, please contact us.

Sharron Quick Senior Manager sharron.quick@albertgoodman.co.uk

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NATIONAL INSURANCE CONTRIBUTIONS RISE FROM APRIL 2022 Certain national insurance contributions (NICs) paid by both employed and self-employed workers will rise by 1.25% from April 2022. The move, announced by Boris Johnson in September 2021 is in a bid to help fund health and social care costs.

WHAT THIS MEANS TO YOU

Most UK workers currently pay NICs to fund different parts of the state benefits system - from state pension to health and social care and unemployment benefits. The amount of NICs you pay depends on your salary and type of employment. This increase will apply to class 1 NICs paid by employees and class 4 NICs paid by self-employed workers. It will be administered by HM Revenue & Customs and will be collected via the current channels for NICs – pay-as-you-earn and income tax self-assessment.

As an Employer, you must ensure that your staff receive the minimum rate applicable to their age group and that any salary sacrifice schemes that you operate do not reduce an employee’s cash earnings below the National Minimum Wage rates.

Downing Street says this means an employed basic rate taxpayer earning the median basic rate taxpayer’s income of £24,100 per year in 2022/23 would contribute £180 per year, whilst a higher rate taxpayer earning the median higher rate taxpayer’s income of £67,100 per year in 2022/23 would pay £715 per year. This will be offset with the threshold rises announced in the Budget, but these don’t come into effect until July 2022. For employers, the Budget also gave an increased Employers Allowance, which will help reduce the cost to the employer of the NIC increases.

HOW ALBERT GOODMAN CAN HELP YOU Whilst we don’t have a magic wand meaning you don’t have to pay the increased NICs or wage rates, we can help with your Payroll requirements and make sure all these changes are dealt with correctly. We offer a bespoke Payroll Outsourcing service; our dedicated Payroll Team look after over 700 clients taking the stress of legislative compliance away from Employers meaning you can get on with what you do best – running your business. If you are interested in receiving a no obligation quote for our services, tailored to the specific needs of your business get in touch with our team today at payrollteam@albertgoodman.co.uk

NATIONAL MINIMUM WAGE INCREASES WITH EFFECT FROM APRIL 2022 Following advice from the Low Pay Commission, the government has announced that the National Minimum Wage rates will increase with effect from 1st April 2022. See below for the rates being introduced from April 2022: Category of worker

Hourly rate

Aged 23 and above

£9.50

Helen Trowbridge Payroll Client Relationship Manager

Aged 21 to 22 inclusive

£9.18

helen.trowbridge@albertgoodman.co.uk

Aged 18 to 20 inclusive

£6.83

Aged under 18

(but above compulsory school leaving age)

Apprentices under 19 Apprentices aged 19 and over

(but in the first year of their apprenticeship)

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£4.81 £4.81 £4.81

Albert Goodman Chartered Financial Planners is the trading style of Albert Goodman Financial Planning Ltd, which is authorised and regulated by the Financial Conduct Authority.

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