T&S changes could catch businesses out, according to Meridian
New rules on tax relief for travel and subsistence could catch businesses out when they come in to force on 6th April this year. This was the message at a seminar held in Spinningfields this week.
The change to the law, initially proposed in last year’s autumn budget statement, removes tax relief on home-to-work travel and subsistence for temporary workers employed through an employment business or umbrella company.
Meridian Business Support says companies need to ensure their recruitment provider is up to speed with the new legislation to ensure they are fully compliant.
Jeanette Barrowcliffe, finance director at Meridian Business Support, said, “It’s really important that companies who employ staff through a recruitment company ensure that the new legislation is being adhered to. At the end of the day it is ultimately their reputation that is on the line so it’s critical in terms of business protection.
“We are urging companies to truly partner with and understand the culture and practices of their chosen recruitment supplier and this was the message delivered at this week’s seminar.”
The breakfast seminar was held at Barclays in Spinningfields and explored the reasons why businesses should partner with their suppliers, including the impact of the Government’s intention to remove tax relief on home-to-work travel and subsistence for temporary workers.
Guest speakers included Simon Whitehead, Partner at HRC Law an expert on travel and subsistence changes for temporary workers and contractors; Mark Smith, head of EAME Recruitment from Caterpillar, who explained how he partners with his recruitment supply chain and Kevin Green, chief executive from The Recruitment and Employment Confederation (REC), who talked about the current state of the UK jobs market and REC’s Good Recruitment Campaign.
Barrowcliffe added, “The seminar provided delegates with a better insight into the T&S legislation change and how choosing the right recruitment partner is critical to protecting your business and reputation. Thanks to the speakers for their expertise and Barclays for their hospitality.”