NIC records
Payment on termination of healthcare scheme
Bonus repayments and negative earnings
Darren Oswick (Simmons & Simmons) summarises the proposals in the relevant condocs and considers some of their ramifications
Keith Gregory (NGM Tax Law) answers a query on how an EBT trustee wishing to provide loan finance in connection with a joint venture development company can avoid triggering a charge under the disguised remuneration rules
Following last week’s announcement that HMRC is to delay the introduction of RTI penalties for small employers, the Finance Act 2009, Schedule 55 (Penalties for failure to make returns) (Appointed Days and Consequential Provision) Order, SI 2014/2395, has now been published.
Determinations and deliberate failure by the taxpayer
Employment not established
HMRC has advised that a ‘very small number of employers’ have been incorrectly sent an interim penalty warning letter when they have, in fact, submitted forms P11D(b) for the 2013/14 tax year.
HMRC has begun writing to employers that are currently in dispute over PAYE charges from their real-time submissions, apologising for the time taken to resolve these queries, and promising to ‘look into this matter’ and provide an update.