As the new tax year starts, there is welcome good news for British employers.
For the majority of workers employment is the basis of their income. Whilst employment can be simpler in terms of handling one’s tax affairs there are many factors to stay on top of. Read our posts to learn more.
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Most people over the age of 16 pay it in one form or another but it is still an element of the UK tax system which can cause huge confusion among employees, employers and the self -employed.
Many employees of publicly listed companies are given the option of obtaining shares in the company through a Share Incentive Plan (SIP).
Employers who pay their staff in a different fashion to the usual monthly payment – meaning those who pay weekly, fortnightly or four-weekly are subject to extra days in leap years.
Eurozone unemployment stood at 12.2% in April. More than 95,000 new people were out of work with the 17 Eurozone countries having 19.38 million unemployed.
The reasons for unfair dismissal are to be relaxed at employment tribunals under proposals announced by business secretary Vince Cable.
Businesses are being urged to keep all their records up to date following news that HMRC charged a large penalty to a company who had failed to notify them of a change of name.
The British job market has received a boost after a survey suggested that more firms were looking to hire people than let them go.
The Pay As You Earn (PAYE) system is to change from an annual to a monthly system, in a step designed to make it easier to manage for employers.