Latest posts by Steph (see all)
- 5 New Year’s Resolutions For Your Business Accounting - January 3, 2019
- Could You Be Due a Christmas Bonus from HMRC? - December 20, 2018
- How Can Businesses Prepare For A No Deal Brexit Scenario? - November 21, 2018
When the Finance Bill was announced earlier this year, the country held its breath to see what changes would be announced and what impact it would have on both businesses and individuals. Coming hot on the heels of the general election there was certainly at lot of speculation as to how the Government would look to capitalise on its new majority.
There were some interesting changes announced, particularly around National Insurance Contributions and the National Living Wage. It seems that the Government are trying to move away from a system of low wage, high tax, high welfare society, to a system where workers are paid a higher wage, retain more of it through lower tax and as such need to rely less on benefits.
In this blog we have outlined three changes we think will have the most impact on employers. It should be noted that although already announced, these changes won’t come into effect until April 2016.