National Insurance Contributions for Employees Working Abroad UK businesses whose employees are working abroad may now apply to HMRC to find out if they need to continue paying National Insurance Contributions. The service was updated in January 2021 and applies if you’re sending one or more employees to work temporarily in Iceland, Liechtenstein, Norway, Switzerland,
Extended Loss Carry Back – help for businesses In an effort to provide further aid for businesses struggling with the coronavirus pandemic, the government has extended the period in which trading losses can be carried back for tax relief purposes. The Extended Loss Carry Back measure announced at Budget 2021 allows businesses to make claims
National Insurance contributions relief for employers who hire veterans From April 2022 onwards, employers will be able to apply for National Insurance contributions relief if they hire veterans. The relief will be available in real time through PAYE for 12 consecutive months from the veteran’s first day of civilian employment. This zero-rate can be applied
Deferred VAT Deadline Looms Businesses that deferred their VAT payments last year have less than a month left to join an online payment scheme. Payments deferred from the early stages of the pandemic which remain outstanding need to be paid by the end of June in order to avoid penalties. To benefit from further deferral,
Biden’s global business tax plan President Joe Biden’s plan for a 21 per cent minimum global business tax rate has been met with resistance from the UK chancellor Rishi Sunak. Though there is considerable opposition pressure on the chancellor to endorse the US plan, Sunak said he would consider a global minimum levy only as
Changes to off-payroll working (IR35) rules The new off-payroll working (IR35) rules came into force on the 6 April 2021. Though payments relating to work or payments made before 6 April 2021 are not affected, the new rules need to be considered for all payments made on or after 6 April 2021, for work carried
UK Budget 2021: A summary of key announcements Chancellor Rishi Sunak has announced his Spring 2021 Budget promising further support for Covid-hit businesses and workers. As well as supporting and boosting industries ravaged by the coronavirus pandemic, the announcement also looked ahead to the difficult process of repairing the public finances. At a Glance
Disrupting a disruptor: The implications of the Supreme Court’s Uber ruling The UK Supreme Court has ruled that Uber must classify its drivers as workers rather than self-employed contractors. The decision could threaten the position of an already unprofitable company and will have far-reaching HR and tax consequences for the wider ‘gig economy’. Uber drivers
Tax relief for working from home Working from home has become the new normal for much of the UK workforce. During the first national lockdown in 2020, the Office for National Statistics recorded that nearly half of those in employment (46.6%[i]) performed some work at home. Not all of that group will necessarily be aware
Global Mobility and UK Tax Global mobility remains restrained today. However, despite the current pandemic, some businesses are taking those first tentative steps to place key players overseas, driven by the need to ensure business survival. From the perspective of those on the move, what does this mean to employer and employee? The thoughts below
