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VAT Reverse Charge Delayed

HMRC has reflected upon its decision to implement the VAT Reverse Charge on 1 October 2019, after concluding that UK businesses have had insufficient time to prepare.

Accordingly, it has decided to delay implementation for a period of 12 months. The VAT Reverse Charge will now operate from 1 October 2020. The link below provides additional guidance:

https://www.gov.uk/government/publications/revenue-and-customs-brief-10-2019-domestic-reverse-charge-vat-for-construction-services-delay-in-implementation/revenue-and-customs-brief-10-2019-domestic-reverse-charge-vat-for-construction-services-delay-in-implementation

April Increase in Worker Pay

 

Increase in Worker Pay

New National Minimum Wage rates and Living Wage rates will come into effect from 1 April together with a mandatory increase in both worker and agency pension contributions from 6 April.

 

The National Minimum Wage (NMW) & The National Living Wage (NLW)

The NMW and the NLW are the minimum wage per hour that a worker is entitled to receive in the UK. These rates are reviewed annually by the government and must be reflected in a worker’s hourly rate rates from 1 April.

The new rates are set out in the table below:

 

Pension

The Pension Act 2008 requires all UK employers, including Recruitment Businesses to enrol eligible workers into a pension scheme. Once enrolled those workers are entitled to receive a minimum level of pension contributions. From 6 April, these mandatory pension contributions shall increase as set out below:

Follow Up

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