Employment contracts – changes to package and benefits

As businesses work to rebuild in the months ahead, future profitability and even viability may mean that efficiencies will need to be made. If these cuts extend to a reduction or change in your employees’ package of benefits, or working hours/ conditions, this may involve a change to their employment contract, in which case you would need to seek professional advice before making any adjustments or changes.

It is important that any amendments to contracts are handled properly and that your overall PAYE bill is correctly adjusted.

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Spring Budget 2020