Conor Brindley considers the circumstances under which an employment income tax charge can arise on a share-for-share exchange
Mark Bevington considers the Budget announcement of a future change to tax rules to limit the deduction for asset-backed pension contributions
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.