Employer tax considerations for restructuring, redundancies and recruitment
Finance & Funding
Key Learnings:
- Restructures can be disruptive to businesses and their workforce, be sure to act with sensitivity when communicating changes with your staff.
- There are a lot of tax and National Insurance (NI) implications to consider when restructuring a business; everything must be correctly reported to HMRC to avoid the risk or penalties
- When reporting redundancies to HMRC, the employee's information provided should include any benefits that the employee received, during their employment
Have you had to restructure your business recently? Whether your employees have changed roles or been made redundant, there are tax and NI implications that you need to know about. This short guide from UNW reveals what business owners should be considering when planning a restructure.
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