Employment tax

Tax / Tips and advice: saving tax on corporate Christmas

With the festive season in full swing, Jonathan Amponsah CTA FCCA, CEO of The Tax Guys, gives a rundown on nine tax-deductible savings available to businesses from Christmas parties to tax-free staff awards and client gifts

Tax / Off-payroll working rules: IR35 checklist for contractors - part 3

Jonathan Amponsah CTA FCCA of The Tax Guys examines the IR35 changes to off-payroll working for private companies from the contractor’s perspective from what the new rules means to the tax implications, potential penalties and risks

Tax / PAYE compliance after business mergers clarified

HMRC has clarified the rules on the treatment of PAYE employees and full payment submissions (FPS) in the event of business merger or company change of ownership

Tax / Nunn: tax hazards of trivial benefits at Christmas

A rigid £50 cap on the trivial benefits exemption can catch out lucky staff who receive generous gifts from employers. Yvette Nunn CTA ATT MAAT, director of Berkeley Associates, warns of potential tax pitfalls if you receive a lavish Christmas hamper or a wedge of gift vouchers

Tax / HMRC revamps CEST IR35 off payroll working tool

With four months to go until the IR35 off payroll rules start to apply in the private sector, HMRC has published its first update to its controversial check employment status for tax (CEST) tool since it was launched in 2017

Tax / VAT updates: December 2019

In this month’s VAT updates, Graham Elliott, director at City & Cambridge Consultancy, considers when an employment bureau can and cannot be a joint employer, whether a community amateur sports club can be a charity and the impact of trying to backdate a flat rate scheme application

Tax / Payroll complexity: avoiding the pitfalls

Convoluted payroll tax rules from compliance with national minimum wage to real time reporting and IR35 are making PAYE compliance increasingly difficult. Neil Cameron, payroll senior manager at Chiene + Tait, examines potential pitfalls and calls for higher standards of training for payroll teams

Tax / HMRC advisory fuel rates for company car users from 1 December

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2019 cutting standard 1600cc minus mileage rates by 1p per mile to reflect lower fuel costs

Tax / Savers face pension tax relief breaches

Hundreds of taxpayers could face unexpected tax bills for failing to declare pension contributions accurately on their self assessment returns

Tax / HMRC confirms Christmas PAYE reporting dates

HMRC is making permanent changes to the way Christmas payroll is reported to help universal credit claimants where their employer pays them earlier than usual over the festive period

Tax / NHS could pay doctors pension tax ahead of hectic winter

Doctors have been promised their tax bills for higher rate pension relief could be covered by the NHS in efforts to get them working overtime shifts

Tax / Conservatives will not cut corporation tax rate to 17%

Boris Johnson has told the CBI Conference that the Conservatives will not cut the current corporation tax rate from 19% as set out in the Budget

Tax / Rangers EBT tax bill was inflated by HMRC

Two years after the Supreme Court decision on the employee benefit trusts (EBT) dispute over unpaid tax by the old Rangers Football Club (Rangers oldco), HMRC has slashed the tax due by £26m from the original £90m bill

Tax / UK taxes highest since 1950s

Taxes are high by historical standards accounting for over a third of GDP at 34.4%, increasing almost 7% from the 1950s

Tax / Rising self employment erodes income tax take

The amount of income tax being paid is declining in every region of the UK as a growing proportion of the workforce becomes self employed