Budget 2021: Helps employers keep people in jobs and an Ir35 update

IR35 changes

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The changes that are coming into force are confirmed as going ahead on the 6 April 2021

Andrew Brookes, senior manager, said: “Those businesses that have not yet reviewed their off-payroll workers will have to move very quickly to be ready in time. Failing to act now could result in  the affected businesses being liable for the taxes they failed to withhold, together with interest and penalties.

Employer-provided Covid antigen tests

Andrew Brookes, senior manager, said: “For many businesses that are currently planning their restart on diminished cash reserves, this will be a welcome announcement. It basically means they can provide their workforce with Covid-19 antigen tests, without the risk of tax charges on the business or the employee.”

Changes to visa process to encourage highly technical migrants to be introduced

Andrew Brookes, senior manager, said: “This is an important change that could benefit Britain by drawing in technical talent from around the world.”

Extension of BIK exemption for home office equipment until 5 April 2022

Andrew Brookes, senior manager, said: “This will alleviate some of the financial pressure on businesses caused by home working during the pandemic.”

Furlough scheme

Andrew Brookes, senior manager, said: “As expected the Chancellor has honoured his promise to do ‘whatever it takes’ to support jobs through the pandemic, by extending the CJRS scheme through to the end of September. From July to September however, employers will gradually have to pick up a bigger share of the wages of any laid-off staff. This is as expected and means the cliff-edge has been avoided.”

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