Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we’re here to help.
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- Coronavirus measure: Statutory Sick Pay from day one – The Prime Minister, Boris Johnson, has announced that employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating.
- Review confirms off-payroll working rules to go ahead from April 2020 – The government has confirmed that reforms to off-payroll working rules for the private sector will go ahead from 6 April 2020.
- IFS calls for Chancellor to raise taxes in upcoming Budget – The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.
- Minimum Wage increases – The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees.
- Advisory fuel rates for company cars – New company car advisory fuel rates have been published which take effect from 1 March 2020.
- Don’t forget to make tax efficient investments ahead of the tax year end – With the end of the tax year looming there is still time to save tax for 2019/20.
- Freeports – The government has launched a consultation on proposals to create up to ten freeports across the UK.
- Additional financial support for flooding victims – The government has pledged thousands of pounds in additional financial support for victims of the recent floods.
Information correct at time of posting.
