Government Announcements

Spotlight - Government Announcements

Government outlines productivity plans

A comprehensive plan to improve the productivity of UK businesses has been published by the Treasury.

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Tax on large firms to fund apprenticeships

A new tax will be levied on large companies to help deliver the government's target of 3 million new apprenticeships by 2020, the Chancellor announced during the summer Budget statement.

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HMRC relaxes PAYE late filing penalties

HMRC will begin relaxing automatic late filing penalties for people who send PAYE information late, officials have indicated.

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Apprenticeships to be given legal protection

The government has kicked off its plans to create 3 million new apprenticeships by granting the term legal protection, the Department for Business, Innovation and Skills has announced.

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Free childcare plans brought forward

Government plans to extend free childcare provisions for working families have been brought forward to 2016.

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The 'New' Marriage Allowance

From 6 April 2015 married couples and civil partners may be eligible for a new tax break.
The new transferable tax allowance means spouses and civil partners can transfer up to 10% of their personal tax-free allowance to the other partner, which means £1,060 for the 2015/16 tax year.

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Auto-enrolment - Prepare for changes from April 2019

According to data from the Pensions Regulator it’s brought over 9,937,000 people into auto-enrolment schemes and involved more than 1,400,918 employers. By making workplace pension saving the default option, it's helped more employees save towards retirement where previously they might not have had access to a workplace scheme.

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Small Business Act becomes law

A range of measures aimed at supporting the UK's small business sector have become law as the Small Business, Enterprise and Employment Act gained royal assent.

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National minimum wage to rise to £6.70

The national minimum wage for adults will increase by 20p to £6.70 on 1 October 2015, the government has announced.

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Chancellor shakes up annuity market

Annuity holders will be able to sell their retirement income without incurring a 55% tax charge under plans announced by the Chancellor George Osborne.

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