The Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2011/729, make several changes to the PAYE regulations including provision of a definition for the additional rate of income tax and provision for HMRC to an in
The Qualifying Care Relief (Specified Social Care Schemes) Order, SI 2011/712, specifies three types of social care schemes that will qualify as a ‘specified social care scheme’ under ITTOIA 2005 s 806A(2)(c).
Michael Collins on NICs on contributions to FURBS
People who have used EBTs to avoid tax on employment income are being offered ‘products’ designed to shelter funds in current schemes from the effect of planned legislation to counter avoidance of income tax and NICs, according to HMRC.
The Treasury has invited comments by 17 March on revised draft clauses, to be included in the Finance Bill to be published at the end of this month, on a facility for meeting the new ‘annual allowance charge’ from the taxpayer’s pension benefits instead of current income.
HMRC will send paper returns this month to employers who have successfully applied for the regional national insurance contributions holiday.
The completed end of year returns should reach HMRC by 19 May. Guidance will be posted on the Business Link website this month, HMRC said.
HMRC have announced an increase in the advisory fuel rates to be used by employers reimbursing employees for business travel in their company cars. The new rates, which take effect today, are set out on the HMRC website.
Barrie Akin examines Aberdeen Asset Management
Nicholas Gardner on Chilcott and grossing up notional payments