All Tax and legislation articles – Page 20

  • Iskander Fernandez: Will furlough fraud be the next big scandal?
    Opinion

    Iskander Fernandez: Will furlough fraud be the next big scandal?

    2020-09-02T05:00:14Z

    The furlough scheme has provided vital respite for UK firms struggling to pay wages as a result of Covid-19 (Coronavirus) pandemic, currently accounting for up to 80% of an employee’s wages, to a cap of £2,500 a month.However, wherever there is a complex system, there are loopholes, and some may ...

  • German government extends short-term allowance scheme
    Article

    German government extends Covid-19 pay scheme

    2020-08-28T09:56:15Z

    The German government has extended its short-term allowance scheme until the end of 2021 to further support employees during the Covid-19 (Coronavirus) pandemic.The wage scheme, known as 'short-time work' or 'Kurzarbeit' in German, set to end at the end of March 2021, however, due to the ongoing spike of Coronavirus ...

  • California Court of Appeals grants Uber and Lyft extension over ruling
    Article

    California Court of Appeals grants Uber and Lyft extension over ruling

    2020-08-25T13:04:07Z

    The California Court of Appeal has granted US ridesharing businesses Uber and Lyft an extension to classify their drivers as employees during the appeal process in its ongoing court case.On 10 August 2020, the superior court of the state of California, ruled that over 750,000 Uber drivers and over 1.4 ...

  • Thomas Clark: How share based incentives can help retain and motivate key staff
    Opinion

    Thomas Clark: How share-based incentives can help retain and motivate key staff

    2020-08-19T05:00:21Z

    As the economic fallout from Covid-19 (Coronavirus) becomes ever clearer, it is important businesses are aware of all the tools at their disposal that can help them survive these difficult times. One tool that has slipped under the radar and deserves greater recognition is share-based incentives. Share schemes help retain ...

  • Cacy-Leigh Neilson: The end of the furlough scheme
    Opinion

    Cacy-Leigh Neilson: The end of the furlough scheme

    2020-08-12T05:00:23Z

    Significant job losses and business closures are on the horizon as the end of the furlough scheme fast approaches. It is imperative that businesses consider their ability to continue to employ and pay staff now and in the coming months, which, no doubt, will become particularly precarious when the government ...

  • Uber and Lyft to drivers to gain employee status
    Article

    US Supreme Court rules Uber and Lyft must classify drivers as employees

    2020-08-11T10:31:20Z

    US ridesharing organisations Lyft and Uber will have to identify all drivers as employees and not independent contractors, following on from a ruling by the superior court of the state of CaliforniaThe court ruled that over 750,000 Uber drivers and over 1.4 million Lyft drivers have been misclassified as independent ...

  • Government extends pensions tax allowance deadline for NHS staff to May 2021
    Article

    Government extends pensions tax allowance deadline for NHS staff to March 2021

    2020-08-05T11:12:26Z

    The government is giving NHS employees an extension on their pension scheme allowance liabilities for tax bills relating to 2018/19.NHS employees will now have until March 2021 to submit to the voluntary NHS pension scheme, an additional five months on top of the original three month extension. In May 2020, ...

  • Government publishes further details of the job retention bonus
    Article

    Government publishes further details of the job retention bonus

    2020-08-03T09:42:10Z

    The government has published further details of the Coronavirus Job Retention Scheme (CJRS) bonus, providing more clarity on eligibility requirements.In the statement, it reconfirmed that employers will receive a one-off bonus of £1,000 for every employee who is brought back from furlough, if they remain at the business until the ...

  • Furloughed employees made redundant to receive full rate of pay
    Article

    Furloughed employees to receive full pay if made redundant

    2020-07-31T05:00:40Z

    Furloughed employees that have been made redundant will receive redundancy pay based on their full normal pay, under a new law passed on 30 July 2020.This will protect employees financially, ensuring that they will receive a full pay package upon being made redundant rather than the wages that they received ...

  • HMRC to investigate businesses exploiting furlough scheme
    Article

    HMRC to investigate businesses exploiting furlough scheme

    2020-07-30T09:34:14Z

    HM Revenue and Customs (HMRC) will begin to investigate businesses that it suspects are abusing the government's Coronavirus Job Retention Scheme (CJRS).Its investigations will determine whether employers are fraudulently claiming payments under the furlough scheme while returning employees to work. This will sit alongside new legislation giving organisations a 90-day ...

  • Michal Izak: How employers are preparing for further waves of Covid-19
    Opinion

    Michal Izak: How employers are preparing for further waves of Covid-19

    2020-07-29T05:00:52Z

    It is not always easy to decouple employers’ response to the ongoing Covid-19 (Coronavirus) crisis from their long-term planning in case the situation aggravates. However, many employers are putting in place three main measures, or combinations thereof, to be insulated from the direct effects of a potential second wave of ...

  • 9.5 million employees currently on Coronavirus Job Retention Scheme
    Article

    Coronavirus Job Retention Scheme claims total £31.7 billion

    2020-07-28T15:32:15Z

    Claims to date under the government's Coronavirus Job Retention Scheme total £31.7 billion as at 26 July 2020, an increased of £1.9 billion since 19 July 2020.According to HM Revenue and Customs' (HMRC) data, 9.5 million employees in the UK have been placed on the Coronavirus Job Retention Scheme (CJRS) ...

  • Government furlough scheme can be used during full notice periods
    Article

    Employers can use furlough scheme during contractual notice periods

    2020-07-20T10:09:08Z

    Guidance updated by HM Revenue and Customs (HMRC) confirms that employers can still claim for furlough payments if an employee has been put on a full notice period.The original guidance stated that organisations could claim the statutory notice period under the scheme, however, an amendment has made it clear that ...

  • Royal Mail appeal over status of agency workers dismissed by Employment Appeals Tribunal
    Article

    Royal Mail's appeal over status of agency workers dismissed by court

    2020-07-13T09:43:47Z

    The Employment Appeals Tribunal (EAT) has dismissed an appeal submitted by Angard Staffing Solutions and Royal Mail against the Employment Tribunal decision for the case of Mr D Kocur and 66 other claimants regarding unfair treatment of agency workers.In October 2015, Mr Kocur alleged unfair treatment by not being given ...

  • Government to pay 100% wages of newly hired staff aged 16-24
    Article

    Government announces Kickstart job scheme for young employees

    2020-07-08T14:55:34Z

    Mini-Budget 2020: The government has introduced a new scheme offering to pay 100% of the wages of employees aged 16-24, if an organisation chooses to hire them on a six-month job placement.Employers can claim back the cost of the national minimum wage of £6.45 for employees aged between 18 and ...

  • Employers to receive £1,000 for every furloughed employee brought back to work
    Article

    Employers to receive £1,000 bonus for every furloughed employee returning to work

    2020-07-08T14:23:18Z

    Mini-Budget 2020: The government has introduced a payment to UK employers of £1,000 for each furloughed employee who returns to work and remains with the business through to the end of January 2021.Employees must be earning above the lower earnings limit of £520 per month between the end of October ...

  • James Davies and Amy Cooper: How are employers continuing to deal with Covid-19?
    Opinion

    James Davies and Amy Cooper: How are employers continuing to deal with Covid-19?

    2020-07-08T05:00:33Z

    The Covid-19 (Coronavirus) crisis presents businesses with multiple challenges, including how to continue to get the best out of their workforce while keeping them safe.Many employees have had to juggle childcare and schooling responsibilities with working in makeshift home offices. The government’s furlough scheme has, meanwhile, helped preserve jobs where ...

  • Employees will pay tax on Covid-19 tests paid by their employers
    Article

    Government reverses ruling on charging tax for Covid-19 tests

    2020-07-07T15:28:53Z

    The Government has reversed its ruling on classing Covid-19 (Coronavirus) testing as a benefit in kind tax.Concerns were raised by Mel Stride, chair of the treasury committee after guidance published by HM Revenue and Customs (HMRC) on 6 July 2020 stated that Coronavirus (Covid-19) testing kits or tests carried out ...

  • Keep updated with the mini-Budget 2020
    Article

    Keep updated with the mini-Budget 2020

    2020-07-07T14:39:03Z

    Chancellor Rishi Sunak will deliver his mini-Budget speech at approximately 12.30 pm on Wednesday 8 July 2020.He will be expected to discuss further plans to get the UK economy back on track to help businesses and the UK population deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.Stay tuned ...

  • Samantha Woodham: Supporting employees through a divorce
    Opinion

    Samantha Woodham: Supporting employees through a divorce

    2020-07-01T05:00:43Z

    42% of marriages end in divorce according to research by the Office for National Statistics, published in December 2012.If you had a blank sheet of paper, it would be hard to devise a worse process for navigating the legal side of a separation than our adversarial system. It pits couples ...