On Tuesday 26 May 2020, Chancellor of the Exchequer, Rishi Sunak, announced that the UK government will stop accepting new applications for its furlough scheme to mitigate the effects of the coronavirus lockdown. In light of this news, this article discusses the aims of the UK furlough scheme and what prohibiting new applications could mean for your business and your …
The difference between an employee and an individual contractor
Whether you are running a start-up or an established business, assembling the right team is as important as the product or service you deliver. It is important for the founders and the management to decide on the employment status of their team and whether these members are classified as full-time employees or as contractors. Below we discuss the difference between …
New IR35 changes: how they will impact your business
On July 2019, the government published the Draft legislation for Finance Bill 2019-20. Among other tax measures, this document introduces important changes to the operation of the off-payroll working rules, also known as IR35. What is IR35? IR35 refers to the tax legislation under which contractors working through an intermediary are taxed. IR35 legislation was introduced to ensure that UK …
Employment of EU Citizens after Brexit
October 31st is almost here and with it, Brexit? The latests reports show that just 26% of businesses are preparing for Brexit, while an additional 27% are not currently preparing but would in the future. This data reflects the uncertainty everyone is facing around Brexit. In this post we want to put the focus on the employment of EU citizens …
The Different Business Agreements And Breaches That You Should Be Aware Of As A Business
When entering the business world it is important that you are aware of the different business agreements that are needed in order to run your company. You don’t have to be a legal expert, however, you do need to have a basic understanding of how the law works in relation to your business. A lot of jurisdictions around the world …
Linkibuzz Edition 17
Welcome to Linkibuzz Edition 17. The first featured post this week takes a look at a great formula you can use in your next job interview to nail it and get the job. It’s simple and anyone can use it to improve their interview performance. Our second story looks at an interesting legal development in the UK post-Brexit …
Why You Need An Employment Contract
We live in a time when making sure things will get properly done usually means you’ll first sign a properly written contract. Anything you need to do that requires the help of another person or company is usually regulated by a contract – so why would you not pay attention to something as important as an employment contract? “Upon …