EMPLOYMENT TAXES

HMRC has advised that a ‘very small number of employers’ have been incorrectly sent an interim penalty warning letter when they have, in fact, submitted forms P11D(b) for the 2013/14 tax year.

HMRC has begun writing to employers that are currently in dispute over PAYE charges from their real-time submissions, apologising for the time taken to resolve these queries, and promising to ‘look into this matter’ and provide an update.

Contributions to a FURBS

The National Insurance Contributions Bill was introduced into Parliament on 17 July 2014. The draft Bill includes legislation relating to the following main measures:

HM Treasury is consulting until 10 October 2014 on the introduction of an employee shareholding vehicle for share schemes, following the Office of Tax Simplification (OTS) recommendation in its review of unapproved employee share schemes. This...

Employee remuneration scheme involving genuine loans

George Bull asks what’s going on with the proposed (and subsequently swiftly scuppered) PAYE/NIC merger

Employment related benefits: deductions

Philip Fisher considers the new consultations on employee benefits and expenses

Steve Ashworth advises on how to avoid P11D problems