• Corporate Financial Reports: Regulators request delay
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    Corporate Financial Reports: Regulators request delay

    Financial regulators have requested a moratorium on corporate financial reports for at least two weeks. The Financial Conduct Authority (FCA) is in talks with the Financial Reporting Council (FRC) and the Prudential Regulation Authority (PRA) about a package of measures to reinforce trust in the reporting system. These will be aimed at ensuring companies and […]

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  • Public spending to top £1 trillion a year, predicts think tank
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    Public spending to top £1 trillion a year, predicts think tank

    Government public spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted. More so, It would be the first time in history that UK government public rises above the £1 trillion barrier, according to the think tank’s report. The analysis compiled ahead of the 11 March Budget. Forecasts that […]

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  • Apprenticeship Levy

    Further reform urgently needed for effective Apprenticeship Levy says CBI

    The CBI is asking the Government to do as it has previously promised and urgently consult businesses about the Apprenticeship Levy’s future. According to a new Confederation of British Industry (CBI) report, ‘Learning on the job: Improving the Apprenticeship Levy’, urgent steps must be taken by Government to reform the Apprenticeship Levy in England, so firms […]

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    Travellers being urged to check passport validity for post Brexit

    New passport validity rules will apply for travel to most European countries in a no-deal Brexit. Government is urging passport holders who may be affected to renew their passports ahead of 31 October. You may wish to pass on the following information from the Home Office and HM Passport on to your colleagues, employees, family and friends. […]

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  • One in ten employees ‘do not receive a payslip’

    Almost 10% of UK employees are not receiving payslips, while one in 20 are missing out on their legal holiday entitlement, according to think tank the Resolution Foundation. The Resolution Foundation’s analysis into UK labour market violations has been released to mark a three-year study into enforcement. Last year, HMRC identified a record 200,000 cases […]

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  • Employment numbers continue to break records

    Department for Work and Pensions (DWP) celebrate figures that show that the number of people in work is up 369,000 on last year.   Minister for Employment, Mims Davies said: “Wages are consistently rising faster than inflation – now for over a year and a half – meaning we’re seeing a sustained boost in pay, […]

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  • Apprenticeship Levy

    Calls to simplify the Apprenticeship Levy

    The Institute of Chartered Accountants in England and Wales (ICAEW) has called for a more flexible Apprenticeship Levy to benefit school leavers. The Institute says that UK SMEs are in danger of missing out on young talent if the levy is not reformed. The government introduced the apprenticeship levy in 2017 to help fund the […]

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  • New pensions re-enrolment tools

    A legal declaration. By law, you must complete and submit a re-declaration of compliance within five months of the third anniversary of your auto-enrolment staging date. For example, if your employer’s staging date was 1 June 2019, you need to submit a re-declaration by 31 October 2019. This is to confirm to The Pensions Regulator […]

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  • Legal challenge for doctors and teachers over pension schemes

    The government could be facing legal challenges from hundreds of thousands of teachers and doctors relating to changes to their pension schemes.   Law firm Leigh Day believes that teachers and doctors have grounds for a legal challenge against the government for age discrimination if they have been moved onto a less beneficial pension scheme.   As […]

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  • Employer fined £350,000 for workplace pension failures

    Employers are being warned not to put their head in the sand after one business ended up with a £350,000 fine for failing to fully comply with its pension duties.   The anonymous case study is included in the most recent quarterly compliance and enforcement bulletin from The Pension Regulator (TPR).   Despite warnings from TPR, the […]

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