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Founder | Outsource Expert | Media and Recruitment Finance Specialist | Funding Consultee | Non Exec Finance Professional
With the Spring Statement approaching, has Labour struck the right balance or simply targeted businesses? Here are key areas to watch: Employment Taxes 🔹 Higher costs & compliance for employers – No rollback expected on April’s NIC and Minimum Wage increases. 🔹 Payrolling benefits in kind – Mandatory from April 2026, but employers can opt in early for 2025-26 by registering with HMRC now. Proper planning and communication with employees will be crucial. Umbrella Company Crackdown (Big Changes Coming!) 🔹 Tackling tax non-compliance, new legislation will make agencies responsible for PAYE on payments to workers via umbrella companies. If no agency is involved, the end client takes responsibility. 🔹 This takes effect in April 2026, but the Government will consult stakeholders beforehand. Big changes ahead—how do you see this impacting businesses?
