Further to the chancellor’s budget announcement that the IR35 legislation is not effective enough, HMRC have published Intermediaries legislation (IR35): discussion document asking for views on how to make the legislation more effective in protecting the Exchequer and levelling the playing field between direct employees and those who work through their own limited companies.
The tax issues when employing a nanny do not stop with the tax and National Insurance on her salary
Latest revisions of the NI regime for employees and employers
M Holmes & T Holmes (TC4467)
Dividend waivers in a holding company and subsidiary and tax liabilities
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)
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.
Tax experts applaud Revenue’s “pragmatic” PAYE approach
Treatment of compensation arising from a racial discrimination claim