Chancellor Phillip Hammond delivered his second budget this year – in the new autumn budget format. This article examines some of the changes that may affect individuals.
Legal Insights & Industry Updates
Life, business and the law
The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Not many of us will think about the legal issues arising from listening to Christmas tunes while shopping. But playing music to shoppers, or indeed the customer of any business, is a public performance of the recording like any other and the fact that no-one is charged to listen to it is no excuse.
The pensions auto-enrolment scheme, which started in October 2012, finished the staged process of enrolment in April 2017. All new employers must enrol eligible staff into a pension by February 2018. The Pensions Regulator is able not only to issue fines but to commence criminal prosecutions of individuals in charge of non-compliant employers.
HMRC have announced that they are reducing the number of payment options open to taxpayers due to settle their bills in January 2018.
Currently, 'in specie' pension fund transfers are subject to Land and Buildings Transaction Tax in Scotland. If this position is confirmed in further guidance due to be issued, then it could have serious negative implications for consumer choice and competition in the personal pensions market.