Sir Keir Starmer has confirmed that from Tuesday, June 30, employers will be able to claim a £3,000 payment from the Department for Work and Pensions (DWP) when they hire an eligible young person who has been unemployed for …
Millions of pension savers across the UK are potentially losing out on thousands of pounds by making five common mistakes with their private pension pots. Sam Robinson, Principal Financial Adviser at Almond Financial, …
HM Revenue and Customs (HMRC) has announced a delay and phased implementation for the mandatory real-time reporting of income tax and Class 1A National Insurance contributions (NICs) on specified benefits in kind (BiKs) and …
The deadline for submitting P60 forms is rapidly approaching, and employers who fail to meet the May 31 cutoff risk facing fines from HMRC. The P60 form, an End of Year Certificate, provides employees with a summary of their …
Five years after the Domestic Abuse Act 2021 became law, there remains no statutory requirement for UK employers to support employees experiencing domestic abuse. However, domestic abuse survivors and charities are urging …
Millions of UK workers can now claim reimbursements for three additional expense categories thanks to a recent HMRC rule change effective from April 6. Previously, reimbursements for items such as eye tests, home working …
From today, a significant shift in UK sick pay rules will impact up to 9.6 million workers, including 1.2 million newly eligible employees who previously earned too little to qualify. Historically, employees had to earn at …
Employers and employees should be aware of HMRC’s rules regarding Mileage Allowance Payments (MAPs), the payments made to employees using their personal vehicles for business journeys. These payments can be tax-free up to …
HM Revenue & Customs (HMRC) is introducing a new cap on National Insurance (NI) relief for pension salary sacrifice contributions, set to affect approximately 3.3 million pension savers. Starting in April 2029, the Labour …
Proposals to limit the amount employees can divert to pensions via salary sacrifice schemes could see thousands of private sector workers losing tens of thousands of pounds in retirement savings. Under current rules, workers …