The Policy team will of course be tuning in and if there are any items of interest for payroll, we shall let members know.
BBC News press release
Chancellor to make his annual Autumn Statement on 5 December
13 November
On 11 November 2013 the government announced that the Autumn Statement will now take place on 5 December 2013
The Chancellor of the Exchequer, George Osborne has announced that he will give his annual Autumn Statement to Parliament on 5 December 2013.
The statement provides an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility. These forecasts will be published alongside the Autumn Statement on 5 December.
The CIPP Policy Team will be covering the Autumn Statement and will provide an update as soon as the details have been announced.
Read more about the Autumn Statement
Autumn Statement December 2013
5 December 2013
“The best way to help business is by lowering the burden of tax!”
Well, it would appear that we are “A country that lives within its means” and, “our hard work is paying off” our government has “stuck to its guns” – our reward for all our hard work it would appear – is potentially more hard work! More hard work in the form of us being central to the successful delivery of a new apprenticeship scheme where the employer is to pay more towards the training and development of its apprentices whilst seeing reduced funding being delivered via an HMRC led system? At a time when we have yet to see out a “year of transition” from one HMRC led system to another - in one piece – this must put even the most experienced employer of apprentices on alert. The Chancellor believes that the best way in which government can help business is by lowering the burden of tax – and who could disagree with such a laudable goal – but we have to ask at what cost? Reducing the direct cost to business in taxes - and it would appear the Employer National Insurance contributions now fall in to that category for our Chancellor - and replacing it with higher and yet almost invisible costs of administering that tax system for the employer and for business, surely cannot be the best for business, albeit the impact it will have on increasing job numbers is to be welcomed. A transferrable tax allowance for married couples and civil partners will indeed tick a box for many individuals but only if that transferrable amount can be effectively and efficiently communicated and administered – and how will that happen – oh yes, by that same HMRC led system that is currently experiencing a year of transition. All encouraging news for the payroll profession – whatever business area we work in within our industry we can be certain of job security for some years to come – but for businesses and for our employers well, that is as yet another story.
CIPP Policy News Journal
16/04/2014, Page 29 of 519
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