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The Chancellors budget announcement for 2011 included a proposal to merge PAYE and National Insurance in the future. No further updates have been provided at this time. Belsize comment hat whilst this will simplify the tax system for UK contractors and employees, this could reduce the current tax benefit employed by contractors who structure their taxes to minimise their National insurance payments.
New regulations were announced for Agency workers to be entitled to the same basic conditions of employment as comparable permanent employees. The change is effective from 1 October 2011 with the intention of granting agency workers the same pay and holidays as permanent employees provided they remain with the company for a qualifying period of 12 weeks.
The announcement has significant impact for employers who must now factor in holiday pay for agency staff.
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