The Chartered Institute of Payroll Professionals
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It is also expected that the thresholds for defining a small and medium enterprise (SME) will be increased to bring more companies into the definition. However, further consultations will be required for this and is scheduled for later this year. This could bring the employee size threshold up to 500, up from 250, and the government states this will bring around 1,000 large businesses into being an SME.
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