UK Election and Your Business

The results are in – the Conservative Party has won the election and now has the largest majority since 1987. The coming months are going to bring many changes to the UK that will affect employees and businesses, with Brexit being at the top of the list.

In his first speech since the election results, Prime Minister Boris Johnson stated that he wants to unite the nation and “let the healing begin”. His focus is on completing Brexit, and uniting 4 nations within the UK that are deeply divided. The impacts of Brexit will affect everyone in the UK, with Northern Ireland most likely bearing the brunt of the changes. The border between Northern Ireland and the Republic of Ireland has been one of the major debates in the Brexit negotiations, and will continue until final negotiations have been made.

If you are managing employees in the UK and EU, there will be new obstacles to overcome once Brexit is complete. Preparing your payroll and HR teams for the changes will ensure a smooth transition once decisions have been made on the key issues in the Brexit discussions including, privacy and data security, residency requirements and more.

Payescape can help your business ensure your payroll and HR processes are in compliance and within any new regulations that come up. Our CIPP-certified staff can help you with payroll issues, and answer any questions that come up during the transition period. With customised monthly reporting, your payroll team can view payroll costs in real-time to ensure on-time, compliant payroll. As the new year begins, let us help you simplify payroll and compliance for your employees no matter what changes may arise. Click here to learn more