All Tax and legislation articles – Page 24
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OpinionDavid Jones: Managing employees during Covid-19
We are in unprecedented times; unchartered waters for employers. When some businesses are focused on simply keeping themselves afloat, it is important not to lose sight of the biggest asset to any business: its employees.How businesses manage their employees today is going to have a profound impact on how those ...
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ArticleThe Pensions Regulator advises DB pension members to not move funds during Covid-19
The Pensions Regulator (TPR) has issued guidance advising trustees to send defined benefit (DB) members, looking to move their retirement funds, a letter warning them of the risks during the pandemic, urging them to make their decisions carefully.Since 2015, many members have taken advantaged of the flexible DB schemes offered ...
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ArticleGovernment suspends pension tax charges for retired NHS staff returning to work
The government will temporarily suspend pension tax charges for all retired NHS employees who decide to work during the Covid-19 (Coronavirus) pandemic.This is to ensure that there are not any significant tax charges to employees' pension income for retired individuals due to their change in circumstances, especially those aged 50 ...
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ArticleGovernment introduces £60,000 life assurance scheme for front-line healthcare workers
Front-line health and care employees in England will be covered by a life assurance scheme that financially benefits their family if they die due to Covid-19 (Coronavirus).On 27 April 2020, the government announced bereaved family members will receive £60,000, totaling approximately double the average pensionable pay for NHS employees.The government ...
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ArticleFurloughed employees to receive full parental leave pay entitlements
Employees planning to take paid parental or adoption leave whilst on furlough will be entitled to full pay based on their usual earnings rather than a furloughed pay rate.Announced by the government on 24 April 2020, the changes ensures that all employees intending to take time off following the birth, ...
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OpinionDavid Jones: Managing employees during Covid-19
We are in unprecedented times, unchartered waters for employers. With some businesses focused on simply keeping themselves afloat during the Covid-19 (Coronavirus) pandemic, it is important not to lose sight of the biggest asset to any business, its employees. How businesses manage their employees today is going to have a ...
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ArticleGovernment extends job retention scheme to end of June 2020
The government announced on 17 April 2020 it would be extending the job retention scheme to 30th June 2020 to financially support businesses and their employees during the Covid-19 (Coronavirus) pandemic.The scheme was put in place 1 March 2020 to cover a period of three months, however, due to the ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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ArticleStaff eligible for job retention scheme if organisation faces liquidation
Employees whose organisation faces administration during the Covid-19 (Coronavirus) pandemic could still be eligible for the government's job retention scheme.According to government guidelines updated on 9 April 2020, an administrator will now be able to pursue the job retention scheme for the organisation's employees if there is a likelihood of ...
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ArticleTPR publishes pension guidance for employers during Covid-19
The Pensions Regulator (TPR) has updated its automatic-enrolment guidelines to assist employees during the Covid-19 (Coronavirus) pandemic. The new guidance ensures that employees' pensions are fully protected and employers are supported if they need to make any difficult decisions.The guidance also provides further information for employers about maintaining pension contributions.Despite ...
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ArticleGovernment confirms employees can receive furlough pay for multiple jobs
The government has confirmed that employees who are furloughed in one job, but continue to work for another employer, can receive the furloughed payment while receiving their normal pay from a separate employer.The government’s furlough Covid-19 (Coronavirus) job retention scheme allows furloughed employees to receive 80% of their salary, capped ...
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ArticleThe tax and legislation changes impacting reward from April 2020
With the arrival of the new tax year, new measures impacting pay and benefits are set to come into effect. Below is a round-up of these measures, along with other tax and legislation changes, that employers need to be aware of from 6 April 2020:The national living wage has increased ...
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OpinionMini Setty: Guidelines for home working during Coronavirus
Coronavirus has wrought immediate and enormous changes to working practices across the UK. As the government advises businesses and workplaces to encourage staff to work from home wherever possible, employees and employers alike are understandably rushing to ensure they understand their rights and responsibilities under law.Employers have to take reasonable ...
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ArticleGovernment to launch review of enterprise management incentive scheme
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that the government will launch a review into enterprise management incentives scheme (EMI).The EMI scheme is a tax-advantaged share option scheme designed for smaller businesses, enabling them to reward staff with equity participation. The review will aim ...
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ArticleHow will the Spring Budget 2020 affect pay and benefits?
Chancellor of the Exchequer Rishi Sunak delivered the Spring Budget speech to the House of Commons on Wednesday 11 March 2020. Below is a summary of the key announcements that could impact pay and benefits strategies:National insurance contribution threshold to rise to £9,500 from April 2020National living wage projected to ...
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ArticleFrench court concludes Uber drivers should gain employee status
In a ruling made on 4 March 2020, France's Court of Cassation reclassified the contractual relationship between drivers and ride hailing organisation Uber, giving them the right to be seen not as self-employed workers, but employees.In the case, Uber argued that drivers remain free to decide whether to connect to ...
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OpinionKate Gardner: What does the landmark veganism ruling mean for employers?
In a major step forward in employment law, a tribunal has ruled that ethical veganism is a philosophical belief, meaning that an employee could rely upon veganism as one of the nine protected characteristics covered by the Equality Act 2010.While this is great news for employees, how will it affect ...
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OpinionRebecca Thornley-Gibson: Asda’s own Supermarket Sweep
Organisations need to be agile in the way they react to change in their sector and the wider economy. However, changes inevitably have a people impact, and the current Asda employee relations dispute regarding changes to staff terms reflects the challenges in place for employers that need to maintain market ...
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OpinionPhilomena Price: Employment law changes to watch out for from April 2020
April 2020 sees some key changes coming into force that employers need to be aware of. As with any employment law matter, it is beneficial if employers start thinking about how these changes may affect their businesses now, and plan accordingly, rather than waiting.First, all workers, including employees starting work ...
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OpinionJayne Harrison: How to mitigate strike action
Union strikes have a significant impact on business performance and reputation. The walkout by British Airways pilots in September 2019, for example, cost the organisation up to £100 million, affected almost 200,000 passengers and grounded the majority of British Airways' flights around the world. Striking is a type of industrial ...