Search
Close this search box.

Autumn Statement: key employment law implications

On 5 December 2012, the Chancellor delivered his Autumn Statement.

On 5 December 2012, the Chancellor delivered his Autumn Statement. The Statement, together with other linked official Government statements, contains a number of measures impacting on employment.

The 2012 Autumn Statement, together with the Autumn Statement policy decisions document and the HM Treasury, Autumn Statement policy decisions update include a number of measures which will impact on employment as follows:

•Measures to implement the Nuttall review on employee ownership.

•New legislation to introduce a new employee shareholder status and new details of possible measures to reduce and define income tax and NICs liabilities arising on acquisition of shares by employee shareholders (see below for Government response to consultation).

•Confirmation that the Government will shortly launch a consultation on TUPE including proposals to “remove necessary burdens on business” (paragraph 2.141, Autumn Statement policy decisions).

•Statutory sick pay, statutory maternity pay, statutory paternity pay and statutory adoption pay to be increased by 1% a year for three years from April 2013 (HM Treasury, Autumn Statement policy decisions, plus see below for next year’s figures).

•Various small changes to income tax. In particular, the Government will ask the Office of Tax Simplification to carry out a review of ways to simplify the taxation of employee benefits and expenses and termination payments.

Read more

Latest News

Read More

Rise in recruitment fraud must urgently be checked

28 March 2024

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

University of Cambridge – Judge Business SchoolSalary: £32,332 to £38,205 pa, pro rata This provides summary information and comment on the subject areas covered. Where

University of Cambridge – Judge Business SchoolSalary: £29,605 to £33,966 pa, pro rata This provides summary information and comment on the subject areas covered. Where

University of Oxford – Blavatnik School of GovernmentSalary: Grade 5: £28,759 – £33,966 per annum (with a discretionary range to £37,099) This provides summary information

Software Development Director (Exec Team Seat). Remote Working with Ellesmere Port Office-Based Minimum 1 Day Per Week. + Contribution towards membership fees. £120,000 – £140,000

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE