The Conservative party has published their manifesto . Pledges to affect employers include:
A general statement to ‘simplify the tax system’. “A good tax system is not just about the headline rates of tax, but about its simplicity” The level of VAT will not be increased Corporation Tax will still fall to seventeen per cent by 2020 Longer term reforms to the business rates system will take place Maintaining the triple lock pension guarantee until 2020, then replace it with a double lock - meaning pensions will rise in line with earnings or inflation, whichever is highest Tougher punishments for those caught mismanaging pension schemes Giving the Pensions Regulator new powers to issue punitive fines for those found to have wilfully left a pension scheme under-resourced and, if necessary, powers similar to those held by the Insolvency Service to disqualify the relevant company directors A new criminal offence to be considered for company directors who deliberately or recklessly put at risk a pension scheme's ability to meet its obligations An objective to reduce annual net migration to the tens of thousands. Overseas student numbers will remain in the immigration statistics The Immigration Skills Charge levied on companies employing migrant workers will be doubled to £2,000 a year by the end of the parliament Listed companies will have to publish the ratio of executive pay to the broader UK workforce To act on the findings of the audit of racial disparity across public services To improve take-up of shared parental leave and help companies provide more flexible work environments that help mothers and fathers to share parenting Helping those who have been caring for a child or children for a number of years or supporting an elderly relative A referendum on Scottish independence cannot take place until the Brexit process has played out and it should not take place unless there is public consent for it to happen.
Further details can be found in the Conservative party manifesto 2017 .
Back to Contents
Liberal Democrat Manifesto 2017 19 May 2017
The Lib Dem’s manifesto includes an additional month’s paid paternity leave for fathers and an extension to free childcare to all two-year-olds and to the children of working families from the end of paid parental leave.
The Liberal Democrat party has published their manifesto . Pledges to affect employers include:
Putting a penny in the pound on Income Tax to give the NHS and social care services the cash injection they need Transforming mental health care with waiting time standards to match those in physical health care Giving the pubic the final say, via a referendum, on any Brexit deal Eliminating the deficit on day-to-day spending by 2020 to control the national debt, and then borrowing only to invest Extending free childcare to all two-year-olds and to the children of working families from the end of paid parental leave Encouraging new fathers to take time off with an additional month’s paid paternity leave Maintaining the ‘triple lock’ of increasing the state pension each year by the highest of earnings growth, prices growth or 2.5% for the next parliament Establish a review to consider the case for, and practical implications of, introducing a single rate of tax relief for pensions, which would be designed to be simpler and fairer and would be set more generously than the current 20% basic rate relief
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 75 of 145
Made with FlippingBook - Online Brochure Maker