National Insurance Contributions
Coverage explores fiscal and employment policy developments that influence operational costs and workforce planning across the jewellery trade. Stories include updates on taxation reforms, payroll regulation, and legislative changes shaping financial management for retailers, manufacturers, and suppliers. Content highlights how government decisions on business taxation and employee contributions affect profitability, growth, and long-term stability within the UK industry.
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Mar- 2020 -24 MarchAdvice
Coronavirus Job Retention Scheme – Advice for employers
The Job Retention Scheme is a huge incentive for companies to keep employees on payroll. To access the support companies need to classify employees as a furloughed worker, which means they should not undertake any work for the company while furloughed, including answering calls or emails. In exchange employers can claim a grant of…
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11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
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Mar- 2017 -8 MarchEconomy
Budget 2017: Government unveils £300m business rate relief fund
The government has helped soften the blow of April’s business rate revaluation with a £300m relief fund for local councils. The announcement was made by chancellor Philip Hammond at today’s Spring Budget, in which he said business rates raise £25bn each year – all of which, by 2020, will be…
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Mar- 2015 -19 MarchCurrent Affairs
BUDGET: BRC welcomes Osborne rates review, NI abolition for under-21s
The Chancellor has used his last budget of this Parliament to reconfirm his commitment to carry out the most “far-reaching” and “radical” review into the business rates system in a generation. The government first revealed that it would carry out a “comprehensive review” of the current outdated system during last…
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Nov- 2012 -13 NovemberCurrent Affairs
BRC submits six-point plan to Chancellor of the Exchequer
Ahead of next month’s autumn statement, the British Retail Consortium (BRC) has submitted a plan to Chancellor George Osborne requesting that changes are made to existing measures in order to strengthen the economy.
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