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Paul Beare Wins IR Global Member Of The Year
Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.
The Biggest Problem With Running A UK Payroll
We explore the biggest problem with running a UK payroll, together with the required functions of payroll calculations and net salary.
Taking It For Granted: How The UK Government Helps Growing Firms
In the UK, a number of government agencies offer a range of grants to help smaller firms to grow and prosper. The grants are typically designed to support innovation, encourage job creation, and underpin growth. In the last few years, a number of new initiatives have emerged, including grants aimed at boosting green technology and digital transformation.
Start-ups Wasting Over 2 Weeks And £37 Billion A Year On Admin
UK start-ups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research.
The Costs For International Businesses Employing In The UK
In an ever-globalising business landscape, expanding operations to the United Kingdom can be a strategic move for international companies seeking new opportunities.
Introduction of National Healthcare System in Cyprus
The General Healthcare System (GHS) Law came into force as from 1 March 2019.
As from the above date, employers are required to contribute 1.85% on the gross emoluments of employees, who are also required to contribute 1.70% on their emoluments and other income (e.g. rent, dividends, interest, etc.). The state is also required to contribute at 1.65% on the gross emoluments. As from 1 March 2020, the relevant contribution will increase to 2.90% for employers, 2.65% for employees and 4.70% for the state.
Pensioners, self-employed individuals, people with other income (such as income from office or position) are also required to contribute to the GHS, as long as they are residents of Cyprus irrespective of whether they are domiciled or not. The rate will be the same as for employees, except for self-employed persons who will contribute at 2.55%, to be increased to 4% as from 1 March 2020.
For the purposes of calculating the contributions, gross emoluments and other income (i.e. total earnings) are limited to €180,000 per annum.