Not an eventful Budget for employment taxes…
Wed 08 Mar 2017
The Spring Budget did not provide for any surprises in the area of employment taxes. So, what are the highlights?
Consultations documents are expected on the following to address the inconsistencies in the tax system regarding benefits in kind and employee expenses:
When these are available, we will be making representations to HMRC and would like to hear from you in due course.
Employment Allowance – HMRC is actively monitoring Employment Allowance compliance following reports of some businesses using avoidance schemes to avoid paying the correct amount of NICs.
More HMRC activity for large employers in the form of large business risk review – HMRC will work constructively with businesses and interested parties to consult over the summer on its process for risk profiling large businesses and promoting stronger compliance.
If you have any questions, please do not hesitate to call your local Mazars employment tax contact.
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