The latest NLP newsletters have been published this week. As ever, there are two newsletters covering key developments in personal and business finance. The Personal Tax Newsletter includes articles about planning for Inheritance Tax and Pensions tax relief. Landlords will find information about furnished holiday lettings and how they can be used as a tax-free … Read more Read the Latest NLP Newsletters
Government scraps its plans to abolish Class 2 NICs The government recently scrapped its plans to abolish Class 2 national insurance contributions (NICs). They were originally due to be abolished in April 2018, but the plans were delayed for a year until April 2019. The government has now announced that Class 2 NICs will not be … Read more Business and Tax Round-up
After a period of some uncertainty, HMRC has confirmed that the Enterprise Management Incentive (EMI) regime remains unchanged, and recent research has served to underline the importance of the scheme. What is an EMI? An EMI scheme is an approved employee share scheme which allows employers to offer share options to key employees as a reward. Unlike normal … Read more Considering Enterprise Management Incentives
A recent report by the Federation of Small Businesses (FSB) has revealed that many business owners in the UK are not sufficiently prepared to handle unexpected disruption to their business. A business continuity plan can help to safeguard your business against both internal and external disasters. By considering the points below, you can help to … Read more Creating a business continuity plan
25 May 2018 saw the introduction of a new data protection regime in the UK. As part of the changes, a new data protection fee structure now applies, which replaces the previous requirement to register with the Information Commissioner’s Office (ICO). Here, we consider the rules in more detail. The regulations: an overview On 25 … Read more Data protection self-assessment: are you up-to-date?
HMRC recently reviewed the ‘effectiveness’ of its risk-based approach to late filing PAYE penalties, and opted to continue to use this approach for the current tax year. Here we provide an overview of the PAYE system. How the PAYE system works Pay As You Earn (PAYE) is the system through which employers deduct an amount of … Read more Getting to grips with PAYE
Business urges government to reform Apprenticeship Levy In response to the publication of official apprenticeship statistics, business groups have urged the government to reform the Apprenticeship Levy. The organisations, including the Confederation of British Industry (CBI), the Institute of Directors (IoD) and the Federation of Small Businesses (FSB) have called on the government to reform … Read more Business and Tax Round-up
Recent research has suggested that 48% of UK workers have suffered from poor mental health, while the potential annual cost to employers could be as much as £1,400 per employee. Here we offer some key strategies to help ensure positive mental health in the workplace. ✔ Spotting the signs Possible indicators of mental health issues … Read more Spotlight on Mental Health in the Workplace