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. […]
Read More… from HMRC changes its approach to imposing P35 penalties
As stated in the March 2011 budget and published in draft legislation, changes to the taxation of some non-domiciled individuals will take effect from 6 April 2012. […]
Read More… from Reminder – changes to taxation of non-domiciles effective from 6 April 2012
Both individuals and employers may now be able to reclaim tax and NIC after HMRC alter their view on the tax status on ‘smartphones’. […]
Read More… from HMRC finally declares smartphones as non-taxable benefits
It all depends on the facts as this Court of Appeal decision confirms. […]
From 6 April 2012 the 0T tax code must be applied to payments arising from employment related securities made after the form P45 has been issued following the termination of employment. […]
Read More… from Change to way tax is withheld from post-termination share based earnings
Employers need to carefully consider the cost implications of providing benefits in kind to employees following the introduction of VAT on several benefits offered via salary sacrifice from 1 January 2012. […]
Read More… from Considerations for employers – the VAT implications for employee benefits
The First Tier Tribunal held in favour of a taxpayer who had given HMRC details of a damages payment received but had omitted to declare this in his tax return, mistakenly believing the payment to be tax free. […]
Read More… from Tribunal held HMRC not entitled to carry out enquiry beyond standard enquiry period
HMRC’s attitude towards tax planning arrangements is well known by most employers. However, employers may well be less familiar with the “Spotlights” section on HMRC’s website. […]
In our previous newsletter, we reported that the Government was planning to remove the existing tax and National Insurance Contributions (NICs) exemptions on childcare vouchers (see link to article in Resources below) from 2011. […]
UK employers with 50 or more employees should submit the following notifications online:
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