Dividend waivers in a holding company and subsidiary and tax liabilities
New entrepreneurs’ relief rules and associated disposals
Issue 54 of HMRC’s Employer Bulletin is summarised below.
The Revenue’s understanding used to be that employers could not provide parts 1A, 2 and 3 of form P45 to a departing employee electronically.
The department has now received legal advice confirming that the relevant PAYE regulation governs the electronic transmission of information to and from HMRC, not between the employer and employee.
M Joyce (TC4453)
Barking Brickwork Contractors Ltd (TC4454)
AG Flutter (TC4443)
E Dunne and V Gray v CRC, Queen’s Bench Division
Can a UK company employee sacrifice salary for a retirement pot while abroad?
Basic rules of relief for personal pension contributions
A consultancy ends and a writing career begins, but is this the same business?
HMRC want volunteers to help them test the agent online self-serve (AOSS) now that it has successfully moved to a private beta phase.
The tax department is set to launch an expanded view of employer clients PAYE accounts, which will provide a monthly breakdown of employers’ PAYE liabilities and how payments received have been allocated to each period.
Agents wishing to take part in the latest stage of testing should complete the questionnaire on the taxman’s blog.
J Herbert (TC4395)