Income Tax

Isocom Ltd and GH Tahmosybayat (TC3696)

The importance and usefulness of employee-ownership trusts

Green (TC3525)

Employee share option schemes look set to become simpler for companies to handle, as the government considers implementing a recommendation from the Office of Tax Simplification (OTS).

A consultation document seeks views on a new vehicle to make it easier for businesses wishing to manage their workers’ share arrangements and create a market for employee shares.

Contributions to the pension fund of a self-employed worker

Legislation to implement the new tax-free childcare scheme has been introduced in the House of Commons.

The Childcare Payments Bill provides the overall structure of the scheme and the way in which it will operate. It also contains a number of delegated powers to be exercised by regulations made by statutory instrument (SI), which are intended to provide flexibility to amend the detailed rules of the scheme.

PAYE and CIS firms face generic notification service alert

HMRC are seeking powers that would enable tax officials to temporarily withhold details of PAYE code changes from workers.

Employees of businesses instructed by the Revenue to use a new code could be kept in the dark for up to 30 days, via statutory instruments designed as amendments to the  Income Tax (Pay As You Earn) Regulations 2003.

The radical plans to reform taxation of employee benefits and expenses

The transferable couples allowance is poorly designed and too complex

J Prowse, L Prowse (TC3617)