Monthly Archives: September 2021

Flexible working from day one – what it means for SMEs

By Sue Tumelty on Small Business – Advice and Ideas for UK Small Businesses and SMEs

This week the Government puts out proposals to consultation for laws which could see employees have the legal right to submit flexible working requests (FWRs) from the first day on a new job.

This is a significant reduction from the six months limit currently in legislation and would be matched, under the proposals, by a shortened requisite response time on the part of employers.

As a company which supports more than 6,500 SMEs around the UK, we broadly welcome proposals to speed up the process. Aside from giving employees a better work life balance, there are clear benefits to employers of offering more flexibility, including improved ability to recruit and retain staff across the age spectrum.

‘New laws can have unforeseen consequences … it is usually smaller businesses which feel those the most’

However, there are always knock-on effects of new legislation and it is usually smaller businesses which feel those the most.

The consultation is part of the Government’s Good Work Plan programme, under which The HR Dept has represented the views of UK SMEs since it was set up in 2018.

>See also: Is flexible working more valuable to

Read more...

Reprieve for self-employed having to report tax quarterly

By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

Millions of self-employed will not have to start reporting their tax income quarterly to the taxman from April 2023 as planned.

Bowing to pressure, ministers have postponed overhauling personal tax for the self-employed for another year, in what has been called the biggest shakeup in 25 years.

Making Tax Digital was scheduled to make 4.3m self-employed and small business owners keep digital records and report their income to HMRC every quarter rather than annually from April 2023.

Instead, the measures will now come into place in April 2024, the Government announced on Thursday.

Self-employed tax burden

Ministers have bowed to pressure after complaints that rolling out Making Tax Digital to any self-employed person earning over £10,000 a year would be another administrative burden coming on top of coronavirus and the shaky recovery.

“The government recognises the challenges faced by many UK businesses and their representatives as the country emerges from the pandemic over the past year,” Lucy Frazer, newly appointed financial secretary to the Treasury, said in a written ministerial statement.

HMRC is pushing for the self-employed to complete their tax returns every quarter to reduce the number of inaccuracies – either

Read more...