The Government has published a final draft of the proposed legislation on the statutory test of UK tax residence. […]
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Category: Tax/Social Security
UK statutory residence test
HM Treasury has published draft legislation in relation to the proposed statutory residence test together with a summary of responses received during the consultation process. […]
NIC not due where employee meets cost of benefit in kind
The First-tier Tribunal has determined that employer-only NIC (Class 1A) is not payable on benefits in kind where the cost to the employer of providing the benefit is made good by the employee. […]
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UK residence not broken despite taxpayer living abroad for many years
A UK taxpayer living principally in Spain was found to have maintained UK residence and closer links to the UK than to Spain. […]
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HMRC issues guidance on share-based payments made after the cessation of employment
This guidance sets out answers to frequently asked questions concerning the application of the ‘0T’ tax code to share-based payments made following the cessation of employment. […]
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UK ordinary residence
HM Treasury has published draft legislation in relation to the abolition of ordinary residence for all tax purposes other than overseas workday relief. […]
The Finance Bill 2012
It is currently being debated by Parliament. […]
HMRC ramps up the pressure on dual contracts
HMRC has published a paper to clarify its view on two important aspects around the use of separate employments arrangements (dual contracts). […]
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Budget 2012 gives boost to EMI Options
Being able to access the 10% effective rate of tax through Entrepreneurs’ Relief and a raise in limits breathes new life into EMI. […]
HMRC changes its approach to imposing P35 penalties
Following its losses in a number of recent cases and discussions with professional bodies, HMRC has agreed to change the way in which it seeks penalties for the late filing of form P35. […]
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