Home / Autumn Statement
19th December 2023
Senior Associate, Claire Hollins discusses the key employment announcements included in the autumn statement from 22 November.
The Back to Work plan aims to support over one million individuals with long-term health issues or disabilities, who have been unemployed for a long time. The aim is to enable individuals to either enter, or re-enter the workforce. Examples of help include:
With 6 January 2023 fast approaching, employers should be making changes to their payroll systems to comply with these changes to ensure that these are in place for the January payroll.
New rates have been announced, with effect from 1 April 2024, together with a change to the threshold of being eligible for the highest rate:
It is imperative that employers ensure that they pay the correct rate as there are penalties for non-compliance as well being publicly named and shamed for paying the incorrect rate.
Legislation is expected to allow HMRC to reduce the PAYE liability of a deemed employer in the event of incorrect tax treatment of an individual as self-employed. This will allow a set off for certain taxes already paid by the worker. Employers will need to pay the difference between what is due under PAYE and what the contractor company has already paid to HMRC.
These changes will take effect from 6 April 2024 but will be back-dated to apply to errors arising from 6 April 2017.