In November 2023 the Government announced a host of changes to the current rules surrounding Working Time Regulations together with draft legislation to implement the changes; Here’s a summary of the significant dates and changes for 2024: Key Legislative Changes and Dates for 2024 1 January: Changes to Working Time Regulations Requirement for employers to […]
During the financial period of 2022-2023, HM Revenue and Customs (HMRC) increased its crackdown on non-compliant tax practices emphasising on strong compliance for businesses. However, even with these steps taken, a disparity between anticipated and real tax income expanded indicating an acute need for rigorous enforcement actions. Through increased oversight, HMRC successfully reclaimed £11.4 billion […]
HM Revenue and Customs (HMRC) has recently escalated its campaign against tax evasion, focusing particularly on the facilitators of such practices with the implementation of rigorous new protocols. This strategy is a component of an ongoing initiative by the administration to eliminate tax avoidance while promoting adherence to taxation rules. In July, newly established procedures […]
Read More… from Looking back at 2023 – HMRC Escalating Its Campaign Against Tax Evasion
Culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptartem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi ropeior architecto beatae vitae dicta sunt. […]
Read More… from Is tax avoidance active in your labour supply chain?
The research showed that more than a third of workers expect the additional work to cover seasonal expenses (36%), while the same proportion expect it to cover Christmas costs and some household bills. Even full-time workers are feeling the pinch, with 19% picking up temporary work, Indeed added. Nearly half of workers temping this holiday […]
Read More… from UK Workers meeting Xmas expenses with temp work
More than half of Gen Z employees (53%) say they plan to stay in their current job for between one and five years, suggesting they are the most loyal employees among generations, according to a recent survey. Of 2,000 employees and leaders surveyed for a study into national leadership and workplace trends, Gen Z employees […]
Read More… from Gen Z Are The Most Loyal Employees In The UK
To strengthen the UK’s tax structure and combat illicit tax evasion activities, HM Revenue and Customs (HMRC) has taken a definitive action by releasing an exhaustive catalog of identified tax avoidance schemes along with their initiators, facilitators, and providers. This measure forms part of HMRC’s overarching strategy to foster transparency while discouraging prohibited taxation maneuvers. […]
Read More… from Current list of tax avoidance schemes and promoters
The issues largely fall into two sectors: legislative compliance and economic uncertainty. Legislative Compliance IR35 Rules: The IR35 law meant to tackle tax evasion from services workers deliver to clients via a go-between such as an umbrella company, persists as a major hurdle. It’s crucial for staffing agencies and umbrella companies to rightly understand their […]
Read More… from Challenges facing staffing & umbrella industries