Alasdair Friend Senior Associate in Baker & McKenzie LLP's Employee Benefits Group looks at some of the changes which have been made to this year's Form 42
Form 42 first appeared in 2004 as the means by which many of the events covered by Part 7 of ITEPA are to be reported. Since then it has achieved a certain notoriety as a result of the administrative burden it imposes and its complexities. Since its introduction we have seen the initial version of the form and accompanying guidance evolve into the more sophisticated and one hopes user-friendly versions to be used today. This process has been assisted by a consultation process undertaken by HMRC in 2005.
What is Form 42 for?
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Alasdair Friend Senior Associate in Baker & McKenzie LLP's Employee Benefits Group looks at some of the changes which have been made to this year's Form 42
Form 42 first appeared in 2004 as the means by which many of the events covered by Part 7 of ITEPA are to be reported. Since then it has achieved a certain notoriety as a result of the administrative burden it imposes and its complexities. Since its introduction we have seen the initial version of the form and accompanying guidance evolve into the more sophisticated and one hopes user-friendly versions to be used today. This process has been assisted by a consultation process undertaken by HMRC in 2005.
What is Form 42 for?
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
