Employment tax

Tax / Employment tax updates: January 2018

Jackie Hall ACA CTA, partner at RSM on HMRC's tax-free childcare scheme being delayed, NMW and NLW rates set to rise from April, off-payroll working in private sector

Tax / Dodwell and Prosser review key tax changes in 2017

In a busy year of complex tax changes, two Finance Acts set out a raft of new measures for businesses and individual taxpayers. Bill Dodwell CTA ACA, partner and head of tax policy at Deloitte and Kevin Prosser QC set out the key tax developments of 2017

Tax / Budget 2017 briefing: key measures at a glance

In our roundup of Budget 2017 essentials, we review the key tax measures announced in a slimline event, from £155m allocated to combat tax avoidance and evasion to HMRC adopting a points-based penalty system for late tax returns, digital companies face royalty tax, capital gains tax indexation allowance frozen

Tax / Budget 2017: implementation dates effective November 2017 onwards

Our essential snapshot of the key measures announced in Budget 2017, Finance Bill 2017/18 and NICs Bill including CGT indexation allowance, SDLT and rise in R&D tax relief

Tax / RTI implementation cost employers £292m

Employers have criticised the introduction of Real Time Information (RTI) after paying £292m in one-off and transitional costs, which were not fully forecasted at the start of the programme, with stakeholders stressing the importance of applying the learning from RTI when introducing Making Tax Digital

Tax / Spurs score second win over HMRC

HMRC has lost its case at Upper Tribunal over money paid to two Tottenham Hotspur football players on leaving the club, after the judge agreed these were payments in connection with the termination of an employment and not earnings

Tax / UK’s biggest companies pay £25.7bn in employer NICs

Corporation tax receipts from the UK’s biggest companies rose by 33% in the past year to £6.39bn while employers' national insurance contributions (NICs) were the largest tax burden estimated at £25.7bn, according to research by PwC with the 100 Group, which includes most of the FTSE 100 along with some of the largest private firms

Tax / HMRC plans overhaul of tax penalties

As part of its Making Tax Digital initiative, HMRC is consulting on ways to simplify the range of penalties, sanctions and rates of interest across the main taxes, income tax self assessment, corporation tax and VAT

Tax / Finance Bill reforms cut burden of handling tax on employee expenses

The Finance Bill 2017-18 will contain a number of specific reforms to the taxation of employee expenses, but will stop short of a major overhaul of the current rules, after responses to a consultation earlier this year indicated that they are generally fit for purpose

Tax / Employment tax updates: December 2017

Jackie Hall ACA CTA, partner at RSM on interest rate rise hits buy-to-let landlords, HMRC migrates to online only alerts, HMRC terminates post office payments, list of professional subscriptions updated

Tax / Financial services sector pays 11% of total tax take

The UK financial services sector paid a record £34.8bn in tax contributions in the last financial year, the highest amount of tax the sector has paid in the 10 years the data has been collected for the City of London Corporation

Tax / Khurana: employment tax reform may hold key to productivity woes

Following the Budget, Mazars head of employment tax Vaneeta Khurana outlines the impact reform to employment taxes could have on the UK’s productivity problem

Tax / Apprenticeship starters fall 59% since levy introduced

The number of people starting new apprenticeships has fallen sharply since the introduction of the apprenticeship levy on 6 April 2017

Tax / Budget 2017: rather more than first meets the eye

Mark Cawthron LLB CTA assesses the first autumn Budget in 20 years, outlining the key measures and stressing that a far from radical Budget actually disguised a number of significant tax measures 

Tax / Budget 2017: avoidance and evasion priorities for government

Meg Wilson CTA, specialist tax writer at Croner-i, unpicks the key avoidance and evasion measures announced in the Budget including disguised remuneration, abuse of the NICs employment allowance and related party schemes involving intangibles