Must corporate clothing be returned or destroyed to avoid a tax charge?
Inheritance tax implications of profits retained in a personal service company
T Sparrey (TC3940)
HMRC have announced new fuel rates for company cars, to apply to all journeys on or after 1 September 2014 until further notice. Employers may use either the previous or new rates for one month from the date of change, and therefore make or require supplementary payments, but are under no obligation to do either. Petrol hybrid cars are treated as petrol cars for this purpose. The amounts can be used for VAT, but employers will need to retain receipts.
The VAT implications of a change in employment status
Is there a tax deduction for the legal costs associated with a transfer of employees?
Issue 49 of Employer Bulletin, HMRC’s bi-monthly update for employers, has been published.
It features articles issues including the employment allowance, in-year penalties, Revenue payslips, the national minimum wage, universal credit, shared parental leave, and annual tax summaries for PAYE taxpayers.
The effect of the latest rules for employment intermediaries
Can a finder’s fee for recruiting an employee be exempt from tax and National Insurance contributions?
When and why do expenses paid by credit card need to be declared separately?
Are HMRC confused about whether a liability to class 2 National Insurance arises on income from property?
HMRC have set a closing date of the tax ‘amnesty’ relating to employee benefit trusts (EBTs).
Employers who used an EBT to avoid tax before 6 April 2011 must notify the department by 31 March 2015 that they wish to take advantage of the beneficial terms of the settlement opportunity to resolve PAYE and National Insurance liabilities.
All amounts due are due by 31 July 2015 unless the employer has in place a signed time-to-pay agreement.