As the world becomes increasingly interconnected, businesses are embracing the benefits of hiring talent from overseas. However, if you are considering appointing someone from another country, there are additional considerations and requirements, including ensuring the necessary documentation is in place. The immigration system has specific rules and regulations for employing individuals from abroad. You need […]
Schemes offering people shares in their employer are set for a shake-up as the Government explores changes to help boost business growth. The Government wants to hear views on Save As You Earn (SAYE) and the Share Incentive Plan (SIP), as it seeks to improve the schemes and expand their use by making it easier […]
HMRC has issued an alert to tax credit customers to be on their guard against new tactics being used by unscrupulous fraudsters. The warning contains details of a number of new scams reported that aim to trick people into handing over money or personal information. Criminals use deadlines – like the tax credits renewal deadline […]
Households using prepayment meters have been urged to claim bills support vouchers by the end of the month to avoid missing out. Electricity suppliers, charities and consumer groups are joining forces with a call to arms to make sure households with traditional prepayment meters avoid missing out on £400 worth of help with their bills. […]
Low-income families will have more money in their pockets from the end of the month as part of the biggest ever expansion of childcare provision. The maximum Universal Credit childcare payments will rise almost 50 per cent from June 28, going up to £1,630 a month. The Government’s plans to increase childcare provision will allow […]
The government has announced a number of new measures to help millions of people boost their future savings. One of these measures is a simplification of the Help to Save scheme. The Help to Save scheme was launched by the government in September 2018 to help those on low incomes to boost their savings. Under […]
A new law that stops employers from withholding tips from people working in the hospitality, leisure and services sectors has come into force. The Employment (Allocation of Tips) Act 2023 received Royal Assent on 2 May 2023. The Bill makes it unlawful for businesses to hold back service charges from their employees, ensuring staff receive […]
The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.5% in a move to try and continue to tackle continued inflation. This is the twelfth consecutive time that the MPC has increased interest rates with rates now […]
The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of a business. Normally the sale of the assets of a VAT registered or VAT registerable business will be subject to VAT at the appropriate rate. Where the sale of a business includes assets and meets certain […]