The Government must do more to inform individuals about the forthcoming single-tier state pension system which will affect around 40 million Britons, a report by the Work and Pensions Committee has said.
Small businesses, the self-employed and start-up companies could all struggle with major upcoming changes to the welfare and benefit system and the way PAYE data is reported, a report by MPs has warned.
A quarter of small firms are oblivious to major upcoming changes to the pay-as-you-earn (PAYE) system which will alter their payroll reporting duties to HMRC, a survey by the Federation of Small Businesses (FSB) has found.
The Government's 'flagship' policy offering a National Insurance Contributions (NICs) holiday to new businesses that meet a strict criteria should be extended, the Federation of Small Businesses (FSB) claims.
The Department of Work and Pensions estimates that over half a million people will be saving into a workplace pension scheme by Christmas, owing to the start of auto-enrolment in just over a week's time.