Employment Law: Forthcoming changes
The EU General Data Protection Regulation (GDPR) is due to be implemented by 25 May 2018 which will have an affect on existing data protection processes in businesses and preparatory steps may need to be taken in preparation for this legislation.
The simplification of the tax and NICs treatment of termination payments is expected in 2018. The exemption from income tax and NICs for termination payments up to the current threshold of £30,000 remains and employer NICs will be payable on payments above £30,000.
This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.