In brief: 13 June 2019

Employment allowance

The number of employers claiming the employment allowance fell slightly in 2018-19 to 1.175 million from 1.178 million the previous year. Almost a third are based in two regions with London having the most employers at 18%.

tinyurl.com/hmrceastat

Pensions

HMRC’s Pension Schemes Newsletter 110 has articles on relief at source; the consultation on the transposition of the Fifth Money Laundering Directive; and the managing pension schemes service.

tinyurl.com/psn110may

Child trust funds

HMRC is consulting on two sets of draft regulations to ensure that funds in maturing child trust fund accounts can retain their tax-advantaged status after September 2020 and when transferred to an individual savings account (ISA) will be disregarded for the purposes of the annual ISA subscription limit. Comments should be submitted by 11 August.

tinyurl.com/cftjun

Doctors

The government will consult on proposals to offer senior clinicians a new pensions option. This would allow them...