HMRC has issued further guidance for employers on changes to VAT accounting. Employers will need to account for VAT on the salary foregone by employees in return for vouchers or goods and services from January 2012, HMRC announced on 28 July.
The rates of the national minimum wage increased with effect from 1 October 2011:
HMRC has marked the first anniversary of the NICs holiday scheme, noting in its latest Employer Bulletin that the scheme is benefiting ‘many new businesses’. But take-up has been well below government estimates.
With the enactment of the disguised remuneration legislation, companies must review their share plans and other incentive plans to avoid adverse income tax and NIC charges, explains Jeremy Edwards.
David Bennett and Richard Collis review HMRC's guidance following the decision in Reed Employment.
Chris Lake investigates whether the Supreme Court decision in Autoclenz indicates a shift in the courts’ approach to determining employment status, and he provides a checklist of key factors and relevant case law.
Draft regulations creating a charge to national insurance contributions on amounts chargeable to income tax under the disguised remuneration rules have been published for comment.
ITEPA 2003 Part 7A (employment income provided through third parties) was inserted by FA 2011.