Today has been a long time coming, and whilst we may be relieved to get some final answers there will undoubtedly be winners and losers.Known Predictions from April 6th:
- IR35 Private Sector reforms will be implemented with minor tweaks
- Good Work Plan, introduction of KID document for all agency workers
- Statement of written particulars from day 1 for all employees
- NMW / NLW increased to £8.72
- Increased NI threshold to £9,500
- Increase threshold for NMW breach to £500 from £100
- ‘Naming and Shaming’ policy returns for NMW breaches
- Increased holiday pay reference from12-52 weeks
- Reduction or abolishment of Entrepreneurs relief
- Abolition of Swedish derogation contracts
- Sick pay for the gig workers and the self-employed will move up the agenda in the good work plan as revealed by the recent outbreak of coronavirus. Could mean an extra burden on engagers
- Reduction to pension tax relief for high earners
- Immigration policy, points based system
- Look out for updates throughout the afternoon
For information on any of the changes above contact Pendragon Consultancy on 01992 267 067.[widget id=”recent-posts-2″]