Welcome to our latest Coffee Break in which we look at the latest legal and practical employment law developments impacting employers
On 17 November 2022, the chancellor of the exchequer, Jeremy Hunt, delivered the Autumn Statement; recognising that it is a time of "significant economic challenge" for the UK and global economy, the statement is based around three priorities of "stability, growth and public service".
As the "fairest way to restore the public finances", the statement looks at asking "everyone to contribute a little, with those on the highest incomes and those making the highest profits paying a larger share". In practice, this sees the additional rate threshold for income tax decreasing from 150,000 to 125,140 from 6 April 2023 impacting those in the highest income householders.
As expected, although the chancellor did not raise the rate of income tax, the four-year freeze in the personal tax allowance of 12,570 and higher rate income tax threshold (of 50,270), which was due to end in April 2026, has been extended a further two years to April 2028. Similarly, the national insurance contributions upper earnings and profits limit, which were aligned to the higher rate income tax threshold 50,270, will also remain frozen until April 2028. The result is that millions more people will be brought either into the tax system for the first...
U.S. President Donald Trump said Wednesday that Iran had agreed not to execute eight women protesters, while Iranian officials and the judiciary denied any such executions had been planned and des...