Autumn Statement
The Chancellor of the Exchequer, Jeremy Hunt, has confirmed that the Autumn Statement will be on 22 November 2023. The Autumn Statement can affect tax policy, benefits, and much more. The Chancellor will make his announcement to Parliament, setting out the Government’s plans on all matters fiscal and economic. Interestingly, this could be the Chancellor’s…
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Protecting Employees from Stress at Work
Rethinking business resilience Being resilient by choice is critical for both survival and for strategic advantage in an era where disruption is the norm. The threats businesses face today are complex and becoming more frequent than in previous times. We have seen a pandemic, an ongoing war in Europe with supply chain issues, a cost…
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Your Duties As An Employer and The Change
As an employer running payroll, you need to report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April 2023), give your employees a P60, and prepare for the new tax year, which starts on 6 April. What you need to do When Send your final payroll report of…
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Budget Summary
Last week, Jeremy Hunt, Chancellor of the Exchequer, revealed his first Spring Budget. There was a focus on managing inflation and government debt, encouraging those who have left their jobs to return to the workforce, and increasing business investment. Here are some of the key measures announced in the Spring Budget that will affect businesses…
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Budget Update
COST OF LIVING SUPPORT Energy Costs The Energy Price Guarantee (EPG) brings a typical household energy bill in Great Britain down to around £2,500 per year. It has now been announced that the £2,500 EPG will be extended by 3 months to 30th June 2023, before increasing to £3,000 until the end of the EPG period on…
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Unscrupulous Employers
The government is taking action against unscrupulous employers that use the controversial practice of ‘fire and rehire’, it has announced Last year P&O Ferries sought to evade the law by sacking 786 seafarers without due consultation. Having made no efforts to inform the Business Secretary at the time, they failed to follow best practice or…
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Payroll Update
Additional Bank Holiday confirmed for 2023 2023 will become the second year in a row to gain an additional bank holiday. May 8, 2023, will be a bank holiday to celebrate the coronation of King Charles III, which will be held on the Saturday 6 May 2022. May will now see three bank holidays, as this is…
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Change at No10 Downing Street
A new period of this government begins for us all, again! We have a new Prime Minister, Rishi Sunak and a new cabinet facing the toughest economic conditions in decades. So what actions can we expect from the government in the next few weeks? Chancellor Jeremy Hunt will outline the UK’s tax and spending programme on…
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U-turn on the top rate of tax
Facing huge criticism and market turbulence following his announcement of a series of “growth” measures, Chancellor Kwasi Kwarteng has backtracked on his decision to abolish the 45p rate of income tax paid by people earning more than £150,000 a year. The proposal to scrap the rate had been criticised as unfair at this time of…
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Abolishing IR35
The Chancellor has announced plans to abolish the IR35 off payroll working rules for the public and private sector from April 2023 The measure will cost up to £1.1bn a year from 2023-24 tax year, rising to £2.6bn by 2026-27. The off payroll working rules were introduced in 2017 for the public sector and 2020…
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