EMPLOYMENT TAXES

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

Changes affecting employer annual returns and PAYE starter and leaver forms have been highlighted in an HMRC ‘alert’ for employers. Guidance is set out at www.hmrc.gov.uk/paye. From April, employers with fewer than 50 employees must now send starter...

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

The Income Tax (Pay As You Earn) (Amendment) (No.2) Regulations, SI 2011/1054, amend the PAYE regulations so that: payments made by an employer to an employee after their employment has ceased, which are not included on the form P45, will be taxed...

Revenue & Customs Brief 18/11 sets out HMRC's current view on inheritance tax issues associated with employee benefit trusts. It ‘supersedes and amplifies’ Revenue & Customs Brief 61/09.

HMRC confirmed that ‘real time information’, a new system intended to improve the operation of PAYE, will go ahead.

Employers will report tax and NIC deductions when they pay their employees, rather than at the end of the tax year.

The Social Security (Contributions) (Amendment No. 4) Regulations, SI 2011/1000, amend the NICs disregard in relation to qualifying childcare vouchers.