The UK tax authorities have achieved a significant victory in their battle to crack down on tax avoidance schemes involving employee remuneration. […]
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Category: Tax/Social Security
Autumn statement 2013: Good news for employee share ownership and other welcome tax breaks
The Chancellor’s Autumn statement provides some welcome news for both employers and employees. Many of the employment tax measures reflect the government’s priorities of promoting employee share ownership, simplifying the tax system and cracking down on tax avoidance. […]
UK Budget Statement – Free shares
The Chancellor of the Exchequer, in his Budget statement, announced further details in relation to “employee shareholders”. […]
Tax relief is due on claw back of bonus
A taxpayer wins his claim for tax relief in relation to the repayment to his employer of part of his sign-on bonus. […]
Tax relief for overseas workdays is extended
The UK Government has announced that overseas workdays relief will be available to all non-UK domiciled new arrivals in the UK. […]
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Final draft legislation on statutory residence test published
The Government has published a final draft of the proposed legislation on the statutory test of UK tax residence. […]
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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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