Tuesday 17 March was a busy and momentous day for the Government. From the growing threat Covid-19 is bringing to the UK and Europe as a whole, to the £330bn financial support announcement for businesses and individuals, it was a...
The Finance Bill was published on 11th July. It was eagerly anticipated, mainly due to an expected update on how the off- payroll working rules introduced to the public sector in April 2017 were to be extended to the private...
What is the issue? In HMRC’s latest Employer Bulletin, they issued guidance to employers on the social security contribution position for their UK employees who currently work in the EU, EEA and Switzerland in the event of a “no deal”...
The Treasury has finally published its response as required by the Section 95 Finance Act 2019 (FA2019). Section 95 FA 2019 was an amendment to FA 2019 which required the Chancellor to review the Disguised Remuneration Loan Charge (“Loan Charge”)....
Following the Chancellor’s announcements in the Autumn Budget 2018 we highlight below some of the key employment tax takeaways: IR35, employment status and off payroll working rules – reform of the private sector Following the changes made to how employment...
The First tier Tribunal (FTT) has held that football referees engaged by ‘Professional Game Match Officials Ltd’ (PGMOL) were not employees, despite the existence of contracts of engagement. They held that the wider terms of that engagement did not meet...
Whilst the main headlines coming out from the Budget include Stamp Duty for first time buyers, VAT registration thresholds and further investment in R&D, infrastructure and skills across the country, there were many important announcements impacting Employment Taxes, published in...
The Chancellor’s announcements in his Spring Budget will result in most individuals paying more tax on dividends and many self-employed earners paying higher National Insurance Contributions (“NIC”). Specifically there will be a reduction in the £5,000 dividend allowance to £2,000...
Salary sacrifice: optional extras to come at a tax cost Henry Ford offered “any colour you like, as long as it’s black” and the Draft Finance Bill clauses recently issued offer a similarly dull, monochrome prospect for salary sacrifice arrangements,...
Chancellor of the Exchequer Phillip Hammond presented the Autumn Statement on 23 November 2016 outlining key facets of the government’s plans following the Brexit referendum result. While the focus was on productivity and investment there were a number of updates...
The band, 2Unlimited’s single “No Limits” was number 1 in the UK in 1993 now 23 years later The Chancellor has made his own hit on the Limitation Act allowing collection of NIC beyond 6 years together with other tweaks:...
The tax and NICs treatments of earnings, especially from employment, are now so similar that it can be difficult to understand why they were not made identical from the time when NICs, the newer ‘tax’ was introduced. But when NICs...
The Government £3,000 NIC allowance which is available to most businesses, charities and community amateur sports clubs will be denied where the employer has had a penalty imposed by the Home Office for employing any illegal immigrants. Consultation (Employment Allowance:...
In D-Media Communications Ltd v HMRC the Tribunal considered the application of the powers in Income Tax (Pay As You Earn) Regulations 2003, Part 4A and Social Security (Contributions) Regulations 2001, Sch 4, Part 3B to require an employer to...
The First-tier Tribunal (FtT) has ruled that payments made by Tottenham Hotspur (Spurs) to Peter Crouch and Wilson Palacios to obtain their reluctant agreement to be transferred as part of a cost-cutting exercise were not sums that arose from their...
How much is an employee entitled to receive from an employee benefit trust (EBT) when the employer has settled the PAYE, NIC and interest liabilities with HMRC? That was the subject matter of Shah v Insafe International Ltd. and Bullock...
The Chancellor in his Budget 2016 made a short reference to terminations payments and the use of personal service companies under tax avoidance measures. We’ve summarised some of the employment tax changes worthy of note: From April 2018 employers will...
Here we summarise some of the less prominent draft clauses for the 2016 finance Bill. These may have been announced before or represent little change in practice but they are all important because they all affect someone. Capital Gains Tax: disposals...
Currently employers must complete a form P11D for each employee to whom they provide benefits in kind or reimburse expenses so that the correct amounts of tax are paid. As part of the reforms recommended by the Office of Tax...
Currently, the employment allowance entitles a broad range of employers to benefit from a reduction of up to £2,000 per year to their liability to employers’ NIC, with the allowance rising to £3,000 per annum from April 2016. HMRC have...
The promise in the 2014 Autumn Statement of an exemption from employer's NIC on apprentices' earnings provoked a flurry of speculation about the possible scope of the measure but what we have is what the realists/pessimists expected: strict limitation to...
Vaneeta Khurana highlights a few more employment tax points from the July Budget 2015: • Salary sacrifice arrangements can allow some employees and employers to reduce the income tax and National Insurance that they pay on remuneration. They are becoming increasingly popular...
As you may be aware, from autumn this year (date to be confirmed), the existing childcare voucher scheme that we are familiar with will no longer be available for new entrants. Employers who currently provide childcare vouchers can continue to...
Auto-enrolment – The key question for FDs: How to fund it and still contain payroll costs? Many companies are still finding that preparing for auto-enrolment is their biggest objective and challenge. Mazars’ Employee Benefits team have recently undertaken a series...
Although the legislation governing Enterprise Management Incentives (EMI) options is fairly flexible, and not particularly restrictive, there are some areas where advisers and companies can get themselves into difficulties. This could mean that the EMI options will not qualify, or...
HMRC has issued a series of policy documents in respect of accelerated payments, follower notices and high risk promoters as regards national insurance contributions. In all cases, equivalent regimes to those now in place for direct taxes are included in...
In a decision that is now of historic interest as regards the particular scheme, the Court of Appeal decided that employees’ receipts under schemes implemented by Deutsche Bank (DB) and UBS in early 2004 were exempt from tax under provisions...
The Government has already introduced amendments to the Social Security (Categorisation of Earners) Regulations 1978 to accompany the new anti-avoidance rules (‘false self-employment’) announced in the Budget. At the time of the Budget a targeted anti-avoidance rule (TAAR) for income...
The Supreme Court (SC) has reversed the Court of Appeal decision in Forde & McHugh Ltd. HMRC are not entitled to impose class 1 NIC on the transfer from the company into the Funded Unapproved Retirement Benefits Scheme (“FURBS”). In...
In the Budget on 20 March 2013, the Chancellor announced the Government’s proposal to introduce an allowance of £2,000 a year for businesses, charities and Community Amateur Sports Clubs (CASC) to be offset against their employer NICs from April 2014. ...
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