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Off-payroll working rules get green light for April

Off-payroll working rules get green light for April

The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020. The introduction of the off-payroll rules, which are known as IR35 and have applied to the public sector since 2017, has been under review. The review has now...

The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020. The introduction of...

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Upcoming Budget: IFS urges Chancellor to raise taxes

Upcoming Budget: IFS urges Chancellor to raise taxes

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes. The think tank stated that the Chancellor either needs to raise taxes or ‘break a fiscal rule’ in order to avoid day-to-day spending cuts beyond 2021. However, the Conservative Party’s...

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes. The think tank stated that...

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Public spending to top £1 trillion a year, predicts think tank

Public spending to top £1 trillion a year, predicts think tank

Government public spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted. More so, It would be the first time in history that UK government public spending rises above the £1 trillion barrier, according to the think tank’s report. The analysis compiled ahead...

Government public spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted. More so, It would be the...

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IR35 enforcement: Will not be ‘heavy handed’ Chancellor states

IR35 enforcement: Will not be ‘heavy handed’ Chancellor states

Chancellor Rishi Sunak has promised that penalties for IR35 breaches will not be ‘heavy handed’ during the first year of the implementation of off-payroll rules to the private sector. Mr Sunak told business leaders in Birmingham that there will be a soft-landing penalty period. Whereby HMRC will allow organisations...

Chancellor Rishi Sunak has promised that penalties for IR35 breaches will not be ‘heavy handed’ during the first year of the implementation of off-payroll...

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Minimum Wage: Government to name & shame offenders

Minimum Wage: Government to name & shame

The UK government has reintroduced the naming and shaming of employers who fail to pay their employees the National Minimum Wage (NMW) or the National Living Wage (NLW). The government has also increased the threshold for naming employers. Therefore, the firms owing arrears over £500 in NMW payments to...

The UK government has reintroduced the naming and shaming of employers who fail to pay their employees the National Minimum Wage (NMW) or the...

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Flooding Victims: Government pledges additional financial support

Flooding Victims: Government pledges additional financial support

The government has pledged thousands of pounds in additional financial support for flooding victims of the recent events. Businesses in England affected by the floods will be eligible for 100% business rates relief for at least three months, the government announced. It also stated that small and medium-sized enterprises...

The government has pledged thousands of pounds in additional financial support for flooding victims of the recent events. Businesses in England affected by the...

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