Apprenticeships In Budget 2018 the Chancellor announced measures would be introduced aimed at encouraging more businesses to employ an apprentice. In his Spring Statement he confirmed that the co-investment rate for smaller businesses taking on apprentices will halve from 10% to 5% and takes effect from 1 April 2019. What is still not clear is whether the 5% contribution will only apply to new starters from April 2019 or whether this reduced contribution will also apply to levy- paying employers when their levy pot is empty.
This measure is in addition to the increase to the amount levy-paying employers are able to transfer to other employers, including those in their supply chains, which will increase from 10% to 25% from April 2019.
Tax avoidance, evasion & non-compliance Since 2010 the government has secured and protected over £200 billion of tax that would otherwise have gone unpaid, introduced over 100 measures to reduce avoidance, evasion and other forms of noncompliance, and continued to support taxpayers to get their tax right. The Government has published a policy paper setting out its approach and achievements in tackling tax avoidance, evasion and other forms of non-compliance.
Details of other announcements can be found in the Spring Statement 2019: Written Ministerial Statement and the Spring Statement 2019: What you need to know.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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