EMPLOYMENT TAXES

Contributions to a FURBS

The National Insurance Contributions Bill was introduced into Parliament on 17 July 2014. The draft Bill includes legislation relating to the following main measures:

HM Treasury is consulting until 10 October 2014 on the introduction of an employee shareholding vehicle for share schemes, following the Office of Tax Simplification (OTS) recommendation in its review of unapproved employee share schemes. This...

Employee remuneration scheme involving genuine loans

George Bull asks what’s going on with the proposed (and subsequently swiftly scuppered) PAYE/NIC merger

Employment related benefits: deductions

Philip Fisher considers the new consultations on employee benefits and expenses

Steve Ashworth advises on how to avoid P11D problems

Following the announcement (at Budget 2014) that a number of measures would be introduced to simplify the administration of benefits in kind, the government has now launched four consultations, which close on 9 September, on:

The CIOT has called on HMRC to accelerate the development of its RTI system, designed to allow the weekly or monthly reporting of wage payments through PAYE, in order to deal with the data being reported during the tax year.