In the Budget on 3 March, the Chancellor announced a new 130% tax relief for expenditure on new plant and machinery incurred between 1 April 2021 and 31 March 2023.
The Supreme Court has ruled that drivers for the ride hailing app Uber are workers not self-employed individuals and hence are entitled to holiday pay, pension rights and the right to be paid the national minimum wage.
The “off-payroll” working rules that apply to certain workers supplying their services to clients via their own personal service companies started from 6 April 2021.
The existing apprenticeship scheme will be joined by a new flexible scheme, and employer incentives will be improved.
Those looking to buy a new home or get onto the property ladder will be pleased to hear the latest announcements regarding the stamp duty threshold and 5% mortgage schemes extension.
Big changes to IR35 off-payroll working rules are coming to the private sector from April 2021.