Chancellor announces minimum wage review

Chancellor Philip Hammond has announced plans to review the minimum wage, before new targets are unveiled for the years beyond 2020. In his Spring Statement speech on 13 March 2019, he said the Government had appointed Professor Arin Dube to undertake a review on...

Simpler pension statements

In the House of Commons on Tuesday pensions minister Guy Opperman said that the Department for Work and Pensions expected all providers to be giving their customers easy-to-understand two-page statements in the near future, and hinted that legislation could be passed...

No extension to MTD in 2020

The Government has confirmed it will not be mandating Making Tax Digital (MTD) for any new taxes or businesses in 2020. Previously, HMRC said it would not extend the scheme to other taxes, such as income tax and corporation tax, until April 2020 at the earliest. This...

Publications for 2019

In the coming months, the Government intends to publish a number of regulations, papers and guides, the most relevant of which are outlined below. National insurance contributions (NICs) employment allowance draft regulations - a document inviting technical comments...

Tackling tech giants

In his speech, Philip Hammond gave a nod to an independent panel of experts led by Harvard professor Jason Furman, formerly chief economist for Barack Obama, which says UK competition rules must be updated for the digital age. Dr Furman says that this would permit...