News

March 2020 News

Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we’re here to help.

Coronavirus measure: Statutory Sick Pay from day one
The Prime Minister, Boris Johnson, has announced that employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating.
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Review confirms off-payroll working rules to go ahead from April 2020
The government has confirmed that reforms to off-payroll working rules for the private sector will go ahead from 6 April 2020.
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IFS calls for Chancellor to raise taxes in upcoming Budget
The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.
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Minimum Wage increases
The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published which take effect from 1 March 2020.
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Don’t forget to make tax efficient investments ahead of the tax year end
With the end of the tax year looming there is still time to save tax for 2019/20.
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Freeports
The government has launched a consultation on proposals to create up to ten freeports across the UK.
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Additional financial support for flooding victims
The government has pledged thousands of pounds in additional financial support for victims of the recent floods.
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