The government is consulting on proposed changes to limit ‘unintended tax relief’ for employer ‘asset-backed’ contributions to defined benefit registered pension schemes.
HMRC published a ‘technical pack’ for ‘real time information’ reporting, to enable software developers to build payroll software products capable of reporting using the internet through the Government Gateway.
The government has tabled dozens of amendments to Finance Bill provisions on ‘disguised remuneration’ that have been severely criticised by tax professionals.
Employers who have not yet received their 2011/12 PAYE payment booklets may not receive them in time for the first due date of the new tax year, HMRC said.
Conor Brindley considers the circumstances under which an employment income tax charge can arise on a share-for-share exchange
HMRC have offered employers who have used employee benefit trusts and similar arrangements, designed to defer or avoid tax and NICs, an ‘opportunity’ to settle tax liabilities in an initiative that one professional body has described as ‘messy’.
Gift of shares to director
Alasdair Friend and Michael Ingle identify tips and traps for practitioners
HMRC have told employers who pay PAYE tax and NICs electronically that they must ensure that the payment due on Good Friday, 22 April, clears HMRC’s bank account by Thursday, 21 April.
HMRC have requested comments by 12 May on draft secondary legislation to extend collection of tax arrears via PAYE codes to all tax debts with effect from April 2012.