It is currently being debated by Parliament. […]
Category: Tax/Social Security
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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Reminder – changes to taxation of non-domiciles effective from 6 April 2012
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. […]
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HMRC finally declares smartphones as non-taxable benefits
Both individuals and employers may now be able to reclaim tax and NIC after HMRC alter their view on the tax status on ‘smartphones’. […]
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Is a fixed share partner an employee?
It all depends on the facts as this Court of Appeal decision confirms. […]
Change to way tax is withheld from post-termination share based earnings
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. […]
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Considerations for employers – the VAT implications for employee benefits
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. […]
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Tribunal held HMRC not entitled to carry out enquiry beyond standard enquiry period
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. […]
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