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January 2019

Pension contributions set to rise

From 6th April 2019, the total minimum amount being paid into the workplace pension both by the employer and the employee will increase from 5% to 8 % of qualifying earnings due to a change in workplace pension regulations.  (This is based on a qualifying earnings scheme.) 

Businesses will need a UK EORI number to trade within the EU

HMRC has advised that in the event of a no-deal Brexit, UK businesses will need a UK EORI number to continue trading with the EU.