The Government’s new immigration system “works for small businesses”, but only if costs can be kept to a minimum, an industry body has said.
HM Revenue & Customs (HMRC) has reminded employers that the rules surrounding benefits in kind agreed before 06 April 2017 are changing.
The new off-payroll working rules in the private sector will only apply to payments made for services provided on or after 06 April 2020, it has been revealed.
The National Insurance Contributions (NICs) threshold will increase to £9,500 per year from April 2020, the Government has confirmed.
Ahead of the introduction of the new off-payroll working rules, HM Revenue & Customs (HMRC) has published a factsheet outlining the changes and what they mean for small businesses.
According to new research by accounting software provider FreeAgent, one in five (22 per cent) UK employees plan to become their own boss during 2020.
New changes are set to come into force in April 2019 that will affect individuals and contracts that provide personal services through an intermediary for medium-sized and large businesses.
The National Minimum and Living Wage will increase from 01 April 2020, the Government has confirmed.