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THE START OF THE NEW TAX YEAR AND THE NEW LABOUR RULE CHANGES
Note: This is important. adjust accordingly, if you are a employers, a renter, a landlord, a business or self employed. everyone gets shafted.
sounds like klaus, you will own nothing and you will be habby,
sounds like the western nations have been infiltrated by the globalist 5th columnist to destroy the nations, especially the u.k
the one world government is already here.
the same thing is habbening in the other nations.
The UK tax year officially begins on 6 April 2026, marking the start of the 2026/2027 fiscal period and the implementation of significant labour and tax rule changes.
Major Labour and Payroll Changes
Statutory Sick Pay (SSP): The Lower Earnings Limit (LEL) is removed, and the 3 waiting days are eliminated; employees now qualify from the first full day of sickness with a new rate of 80% of average weekly earnings (capped at £123.35 per week).
Parental Rights: Parents gain day 1 rights to statutory paternity leave and unpaid parental leave, while new Statutory Parental Bereavement Pay (SPNPNI) rules for Northern Ireland cover miscarriage and apply from day 1.
Employer Obligations: Employers must now record and retain holiday pay records for 6 years, and payroll service providers are required to register with HMRC as tax advisers with Anti-Money Laundering (AML) responsibilities by 18 November 2026.
Recruitment Liability: A new 'joint and several liability' rule targets labour supply chains involving umbrella companies, making recruitment agencies liable for unpaid PAYE and NICs if the umbrella company fails to meet obligations.
Key Tax and Financial Adjustments
Making Tax Digital (MTD): Sole traders and landlords with gross income over £50,000 must keep digital records and submit quarterly updates to HMRC, replacing the traditional annual Self Assessment return.
Dividend Tax: Tax rates on dividend income rise, with the ordinary rate increasing to 10.75% and the upper rate to 35.75% (the additional rate remains at 39.35%).
Inheritance Tax (IHT): Relief for family businesses and farms is capped at £2.5 million per person (£5 million for couples), with any excess value receiving only 50% relief (effectively a 20% tax rate).
Other Increases: The standard Vehicle Excise Duty rises to £200, the company car benefit-in-kind rate for electric vehicles increases to 4%, and the Capital Gains Tax rate under Business Asset Disposal Relief rises from 14% to 18%.
VCT Relief: Upfront income tax relief for Venture Capital Trusts (VCTs) is reduced from 30% to 20%, and tax relief for homeworking costs for unreimbursed employees is discontinued.