HMRC has published draft guidance, for comment, for inclusion in a new authorised contractual scheme (ACS) manual. The guidance does not cover SDLT and capital allowances and HMRC warns that the guidance on CGT may be amended.
There are viable alternatives to EMI if a company does not qualify or an individual employee does not meet the criteria to participate. Thomas Dalby sets out the key considerations for advisers.
HMRC has published guidance on the way interest is calculated, since 19 May 2014, when PAYE payments are made late.
Income tax scheme failed
A round up of other tax news:
Director personally liable for unpaid PAYE and NIC
Jonathan Fletcher Rogers considers to what extent the Ramsay principle can be applied to tax avoidance schemes involving employee bonuses.
HMRC has incorporated guidance on ‘supervision, direction or control’ for the purposes of the revised agency legislation, which has effect from 6 April 2014, into its Employment status manual at ESM2029 onwards. This follows the draft version published in March.
Was a loan to an employee ‘employment related’?