NHS pension reform
Following the Government’s consultation into public sector pension scheme reforms, they have now published their response, here, outlining their proposals for changes to schemes over the coming years.
Superannuation collections and the importance of checking your Open Exeter statement every month!
Each year a Practice is required to submit to PCSE by 1 March an ‘Estimate of Pensionable Profits’ form for the forthcoming pension year commencing on 1 April.
Businesses that took out Bounce Back Loans can delay repayments by an extra six months
The government-backed Bounce Back Loans that businesses took out to get through Covid-19 now have further flexibility to repay their loans. This is available to more than 1.4 million businesses who took out nearly £45 billion through the scheme.
Bonus of £1,000 to help businesses take on trainees
The government has announced that employers can now apply for a £1,000 bonus, a cash boost, to help them take on new trainees.
Rogue employers named and shamed for failing to pay employees the minimum wage
HMRC has published the names of 139 named companies that failed to pay minimum wages amounting to £6.7 million to over 95,000 workers.
Government urged by CBI to act on COVID business support ahead of Budget
The Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic ahead of the Budget on 3 March 2021.
LITRG calls for a rise in the High Income Child Benefit Charge threshold
The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in April 2021.
Supreme Court backs small firms on business interruption claims
The UK's Supreme Court has found in favour of small firms receiving payments from COVID-19 business interruption insurance policies.