In the light of the various business challenges posed by the ongoing COVID-19 pandemic, it would be understandable if the incoming changes to the off payroll working rules ('IR35') have not been a primary focus for some...more
The Coronavirus Job Retention Scheme -
On 26 March 2020, the UK Government announced the Coronavirus Job Retention Scheme (“the Furlough Scheme”). The Furlough Scheme was designed to protect the UK economy by assisting...more
Reforms to the off-payroll working rules (known as IR35) have been postponed until 6 April 2021 in order to reduce pressure on private sector organisations after the COVID-19 outbreak....more
In this OnPoint, we report on two changes to the taxation of termination payments to departing employees of which employers need to be aware – first, the levying with effect from 6 April 2020 of employer’s national insurance...more
2/25/2020
/ Amended Rules ,
Employer Liability Issues ,
Hiring & Firing ,
Income Taxes ,
National Insurance Contributions ,
Payments in Lieu of Notice ,
Post Employment Notice Pay (PENPs) ,
Severance Pay ,
Taxable Income ,
Termination Payments ,
UK
With effect from 6 April 2020, medium and large organisations in the private sector will become responsible for determining the employment status of individuals who provide services to such organisations through...more