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.
HMRC have invited companies to reclaim Class 1A national insurance contributions paid on the benefit of living accommodation that was treated as earnings for income tax purposes until an exemption was enacted in 2008.
Richard Clarke and Jessica McLellan look at recent HMRC activity, including their views on the use of EBTs set out in Revenue & Customs Brief 18/11
HMRC have invited applications for the ‘regional employer national insurance contributions holiday for new businesses’ from employers who chose to wait until the National Insurance Contributions Bill was enacted.
The Social Security (Reduced Rates of Class 1 Contributions, Rebates and Minimum Contributions) Order, SI 2011/1036, sets out revised rebate rates for national insurance contributions which will apply in respect of members o