What are the new legal implementations for 2019? | Hudson McKenzie

What are the new legal implementations for 2019?

There are numerous new laws and rules that shall come into effect this year – so what exactly are they?

Salary increases

From April 2019, the National Living Wage (NLW) and National Minimum Wage (NMW) will increase from up to £8.21 per hour.

Personal allowance increases

The ‘Personal Allowance’, i.e. the amount of income that is earnt before tax is payable shall increase in April 2019 to £12,500.00

New ‘Drone Laws’

Rules are to come into effect regarding the use of Drones in November 2019. For instance, from November it will be illegal to fly a drone that weighs more than 250g if it is not registered with a Civil Aviation Authority and has passed online safety tests.

Pension contributions increase

Employers and employees will be expected to pay an increase in contributions towards the auto-enrolment pension scheme from April 2019. For instance, the Employer shall now be expected to pay 3% of the pre-tax salary and the employee 5%.

New Payslip rules

From April 2019, the legal right to a payslip will also be issued to non-employees. The payslip will also include the total number of hours worked.

Pay-gap reporting

All private organisations with over 250 employees will now be obligated to publish their gender pay gap in April 2019. This also includes an executive pay-gap.

Digital Tax

VAT records will be required to be kept in digital form from April 2019 for all VAT-registered businesses, specifically with taxable turnover that is above the VAT registration threshold.

State pension handout increases

All recipients of the basic state pension will get an additional £3.25 per week in 2019. Any individuals on the new single-tier state pension will now also get an additional £4.25 per week.

If you would like to discuss this article further or have any general legal enquiries, please contact one of our highly qualified solicitors on 020 3318 5794 or via email at londoninfo@hudsonmckenzie.com