Welcome to the our Tax Glossary. To help you interpret the jargon that you can come across in dealing with your tax, our team of experts have written a brief explanation for hundreds of technical terms. Click on a letter to show entries.
The National Minimum Wage rates are as follows:
Apprentice Rate (apprentices under 19 or over 19 and in the first year)
1st October 2010 £2.50ph
1st October 2011 £2.60ph
16-17 years from:
1st October 2010 £3.64ph
1st October 2011 £3.68ph
18-20 years from:
1st October 2010 £4.92ph
1st October 2011 £4.98ph
21 and over from:
1st October 2010 £5.93ph
1st October 2011 £6.08ph