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Tax news in brief


Published: 07 Apr 2021 Update History

Highlights from the broader tax news week ending 7 April, which includes confusion over when the rises to national minimum wage and living wage rises take effect; and additional guidance on R&D claims.

National minimum wage and living wage rises – 1 April does not necessarily mean 1 April

The government may have announced that millions were to receive a pay rise from 1 April, but what a lot of people don’t realise is that the increase actually applies from the start of the first pay period starting on or after 1 April. This is because reg 4B, The National Minimum Wage Regulations 2015, SI 2015/621, as amended states, “The hourly rate of the national minimum wage at which a worker is entitled to be remunerated as respects work, in a pay reference period, is the rate which applies to the worker on the first day of that period”. 

New supplementary page for R&D claims

HMRC has issued a new supplementary page (CT600L) to the form CT600 for research and development (R&D) claims from 1 April 2021. It applies to R&D claims under the small and medium-sized enterprise R&D regime and the R&D expenditure credit regime. 

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