Employment tax

Tax / HMRC consults on company car reporting under PAYE regulations

HMRC has lanched a brief two-week consultation on draft PAYE regulations regarding company car reporting under salary sacrifice schemes, which will allow employers to submit data via real time information (RTI) rather than in a separate end of year return

Tax / Uber loses appeal on payment of national minimum wage to drivers

In a blow to one of the largest operators in the gig economy, Uber has lost its appeal to overturn last year’s Employment Tribunal decision that its drivers should be paid the national minimum wage and holiday pay, which could result in a hike in NICs payments for the company

Tax / No inflation increase to HMRC worldwide subsistence rates

HMRC has confirmed that worldwide subsistence rates for expenses claims for employees travelling outside the UK will not be increased to account for post Brexit currency depreciation or inflation

Tax / Settlement guidance for disguised remuneration schemes

HMRC has published guidance on recognising disguised remuneration tax avoidance schemes and explaining how individuals can settle their tax affairs with HMRC, ahead of the introduction of a new loan charge

Tax / Abolition of Class 2 NICs delayed by a year

The government has announced that there will be a one year delay before the removal of Class 2 national Insurance contributions (NICs) to assess the impact of its abolition on self-employed individuals with low profits

Tax / Employment tax updates: November 2017

Jackie Hall ACA CTA, partner at RSM on automatic enrolment requirements for new employers, salary sacrifice changes to company cars, personal credit card for employer PAYE penalties withdrawn

Tax / New interim head of US Internal Revenue Service

President Donald Trump has named David Kautter as the interim head of the US Internal Revenue Service (IRS) and will take up office next month when current IRS Commissioner John Koskinen’s term expires

Tax / Trump tax plan clears Congress hurdle

President Donald Trump has clinched a major victory in his battle to introduce the most significant reform of the US tax code in a generation, winning a vote in Congress which means the necessary legislation will be fast-tracked

Tax / Changes to benefits in kind require payroll software update

HMRC has clarified that imminent changes to the way benefits in kind are valued where there is an optional remuneration arrangement (OpRA) means that employers will need to update payroll software for P11D and P46 (Car) reporting

Tax / Tax liability for short-term business visitors working in UK

Relocating to the UK on a temporary work assignment for an international company, or even on a contractor basis, raises a number of income tax and NICs' issues for short-term business visitors, explains Mansel Turnham CTA ATT, corporate tax senior manager at Mercer & Hole

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