Government plans to reform statutory sick pay

Small employers may be offered a sick pay rebate for effectively managing workers on sickness absence, under proposed reforms to statutory sick pay rules. The Government is looking at extending eligibility for statutory sick pay to workers earning below the current...

Capital gains tax changes to hit homeowners

More landlords and owners of second homes could have to pay capital gains tax on the sale of their additional property from April 2020, following a change to private residence relief. Private residence relief allows people to sell their main residence without...

HMRC presses on with IR35 in the private sector

The Government has published draft legislation on tax changes affecting private sector contractors from 6 April 2020. The off-payroll working rules, also known as IR35, are aimed at preventing work that HMRC regards as "disguised employment". IR35 was reformed in the...

Most savers on course for retirement

Almost three in five people in the UK believe they are saving enough for a comfortable retirement, according to research. Scottish Widows' annual retirement report showed 59% of 5,036 adults are on course to maintain their standard of living when they retire, up from...

1 in 5 sole traders close after one year

A fifth of self-employed sole traders don't survive for more than a year, analysis by the Institute for Fiscal Studies (IFS) shows. The number of self-employed business owners in the UK has grown significantly in recent years, from 3.9 million in 2000/01 to 4.9...
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