Employment tax

Tax / Calls for UK to hike self employed NICs and cut pension triple lock

The OECD is recommending the UK considers increasing National Insurance contributions (NICs) for the self employed and reforming the ‘triple lock’ on state pensions as part of efforts to support the UK economy, which it says has weakened in the aftermath of the decision to leave the EU

Tax / FTT ruling shines spotlight on actor’s NICs via intermediary company

A First Tier Tribunal (FTT) has found that well-known actor Robert Glenister was within the National Insurance Contribution (NIC) intermediary rules when he was paid via a personal services company (PSC), in a ruling which may have implications for a number of other self-employed entertainers

Tax / HMRC simple assessments: what you need to know

As the first HMRC simple assessments are sent out, Meg Wilson CTA explains how they work for affected taxpayers including new pensioners and anyone who has underpaid PAYE and what action they need to take as they are pulled into the first wave of implementation, effectively seeing the abolition of their annual tax return

Tax / HMRC stops use of personal credit card to pay employer PAYE penalties

Employers will not be able to use personal credit cards to settle outstanding PAYE late payment penalties, PAYE settlement agreements or Construction Industry Scheme (CIS) late filing penalties from January 2018

Tax / Termination payments – tax rule change from April 2018

Major changes to the tax calculations for termination payments are set to come into effect from April 2018 which will hit high earners and affect tax calculations. Sarah Bradford ACA CTA (Fellow) explains the changes and the affect on redundancy payouts

Tax / IR35 changes increasing public sector costs

Public sector organisations are shouldering the costs of recent changes to legislation around ‘off-payroll’ working, which have resulted in pay rate hikes, while 70% of recruiters are reporting a drop in contract placements according to the latest research from the Association of Professional Staffing Companies (APSCo)

Tax / Bull: UK tax base becoming too narrow

The country’s tax base is becoming too small and is causing yields to suffer, says RSM senior tax partner George Bull, who is calling for a rethink to help the public purse recover

Tax / Newcastle United loses challenge over HMRC raids

Premier League side Newcastle United has lost a High Court challenge over a raid carried out at club offices by tax officials probing the finances of several football clubs

Tax / Claiming expenses against your business: reduce your tax bill

When it comes to claiming expenses against a business it can be a minefield but there are ways to mitigate a large tax bill within the scope of HMRC’s ‘wholly and exclusively’ expenses parameters. Jonathan Amponsah CTA FCCA of The Tax Guys sheds light on whether items such as holidays, golf lessons, school fees and even care home fees can be claimed against a business

Tax / PAYE updating service hit by HMRC IT problem

HMRC has reported IT problems stopping taxpayers from filing tax returns for 2016/17 and an issue affecting PAYE accounts, which means they are not updating correctly

Tax / Rangers ruling kicks off HMRC action on disguised remuneration

HMRC is warning that it will take action against a ‘wide range’ of disguised remuneration tax avoidance schemes in the wake of the Supreme Court’s decision in the Rangers football club case, and has published fresh guidance for those making employment payments to a third party under such arrangements

Tax / Employment tax updates: October 2017

Jackie Hall ACA CTA, partner at RSM on professional subscriptions, risk-based approach to PAYE penalties remains in place, Scottish employees faced added PSA complication

Tax / Penalty system for abuse of apprenticeship levy

The HMRC penalty system for inaccurate information in returns and documents has been updated to apply to the apprenticehip levy

Tax / Government suspends sleep in shift NMW rules for further month

The government has announced a further one-month suspension of national minimum wage (NMW) enforcement concerning sleep-in shifts in the social care sector, but charities have said they are ‘deeply disappointed’ at the delay in finding a solution to the £400m funding crisis that regulation changes have produced

Tax / ATT president calls for larger-scale MTD pilots

President of the Association of Taxation Technicians (ATT) Graham Batty has called on HMRC to broaden the scope of its Making Tax Digital pilots, both in terms of number of participants and duration