Income tax and national insurance
Umbrella company tax reforms have now come into force, introducing what recruiters and compliance specialists have described as the most significant shake-up to the temporary labour market since the private sector IR35 reforms were introduced in 2021.
Chancellor Rachel Reeves has confirmed there will be a rise in employers' national insurance contributions to 15%, a lower figure than anticipated.
With the Treasury reportedly considering an increase in national insurance contributions for employers in the upcoming Budget, what does this mean for HR and payroll teams?
The Chancellor of the Exchequer has confirmed an increase to the national living wage and significant tax rises in his Autumn Statement today.
The Chancellor of the Exchequer has confirmed cuts to income tax and national insurance, and has removed the cap on bankers' bonuses in his "mini-Budget" today.
The recent 1.25% national insurance rise will be reversed in November and the Health and Social Care Levy will be scrapped, the Treasury has announced.
The Office of Tax Simplification has launched a consultation into the tax status of remote and hybrid workers.
News: HR and legal information and guidance relating to income tax and national insurance.