URGENT UPDATE: Delayed Budget Release
As you may be aware, the late call for a general election has delayed the release of the budget for financial year 2020/2021. The government have since confirmed that the budget will be delivered on 11th March 2020.
We are already well underway with the development of legislative changes for all products and will be able to make the remaining changes once the details are confirmed. As you can appreciate, the changes to the date of the budget are outside our control, however we will make sure you are kept up to date with any progress as soon as we gain further clarification.
Please be assured that we are in close contact with HMRC, ensuring that we receive updates as soon as they are available. Several professional bodies are also working with the government, aiming to minimise the impact this has on employers.
In the meantime, you can pay your employees as normal for FY 2019/2020 however year-end processes cannot be completed until updates have been made available. We will continue to keep you informed on progress, so please look out for future updates.