In prior years, the National Minimum wage rate increases were effective from the 1st of October. It was confirmed in the Governments 2016 autumn statement that the National Minimum Wage rates and National Living wage rate effective dates would be aligned.
For all UK companies operating overseas, planning for and managing potentially complex international tax arrangements can be a time consuming journey into the unknown with hidden traps and pitfalls along the way.
The Autumn statement presented by Philip Hammond did not hold as many surprises as perhaps expected. However, it was not without its reforms.
When moving employees between countries, the National Insurance/social security position is often overlooked but with huge impact on employer and employee costs as well as the risk of penalties, this area should be given the due care and attention it deserves ahead of time. Scrutiny from HMRC and overseas authorities is on the rise and authorities are linking up with one another more and more to share data so social security is now, more than ever, a crucial consideration for employers with globally mobile employees.
It is that time of year again when the government announces the changes to the statutory payment rates and it is up to employers to ensure they are ready to comply with the changes.
Wouldn't it be great if you could enrol all your employees into your workplace pension scheme just once and then sit back and think 'Phew, job done'?! Unfortunately, because of the UK Government's rules surrounding Auto Enrolment, it’s not quite that simple.