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With these two revelations it remains to be seen how the ongoing industrial action will pan out. With the threat of dismissal if minimum levels are not achieved, but agency workers unable to be used, it seems like both sides have achieved a small success and a small loss. What is clear is that any attempt to reduce the impact of industrial action is likely to be challenged by unions at every step.
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Treasury Committee calls for tax relief simplification Published: 26 July 2023 Emailed: 2 August 2023
The Treasury Committee, made up of 11 MPs, has published a report exploring the tax reliefs in the UK tax system and the complexities that they bring.
Tax reliefs form an integral part of a tax system, either making it easier to interact with and process correctly (structural tax reliefs) or by incentivising particular behaviours (non-structural tax reliefs). Successive governments continue to add new tax reliefs and incentives based on their manifesto and topical issues of the time; however, few are ever removed. With The Office for Tax Simplification (OTS) now gone, the remit of simplification rests on HM Revenue and Customs (HMRC) and HM Treasury. The committee welcomes HM Treasury’s commitment to tax simplification but this must not be focused solely on new policies.
The report recommends:
• a comprehensive and systematic review of existing tax reliefs to look for opportunities for simplification • HM Revenue and Customs publish full costings of all tax reliefs (only 365 of 1180 are currently costed) • greater public consultation on new and existing tax reliefs • non-structural tax reliefs, those designed to promote certain behaviour, should be classed as public spending and scrutinised as such • the Government should conduct five-year reviews of individual tax reliefs and commit to remove those reliefs that no longer serve their policy goal or are vulnerable to abuse.
You can read the full report for further context and information, including some interesting HMRC data on structural and non-structural tax reliefs.
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Midlife MOT digital tool Published: 28 July 2023 Emailed: 2 August 2023
The CIPP policy team are here to keep you updates on the latest goings on in the payroll world, but as payroll professionals we become a key point for employees when they have concerns about money.
We are therefore always on the look out for tools that you can use to help employees with managing their money and financial wellbeing. The government has released a new online tool that could do just that and may be a good thing to signpost employees to if appropriate.
The digital midlife MOT tool is aimed at people aged 45 to 65 as they need to think seriously about future planning but can be used by anyone regardless of age. The tool has three section:
your work your health your money.
• • •
Each section has a range of links and resources from the NHS, Mind, MoneyHelper, Citizens Advice and the Department for Work and Pension’s (DWP) . This forms part of the package of support for older workers announce in the 2022 spending review.
cipp.org.uk
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