The draft Finance Bill 2014 contains more than 100 pages on employee share schemes. David Cohen looks at some of the key clauses and proposals.
The final Commons stages of the National Insurance Contributions (NIC) Bill took place on 10 December 2013. The government has tabled some amendments to implement announcements made in the Autumn Statement 2013, including:
…Hungary & Liechtenstein; personal service companies; Wales; toolkit survey; HMRC protocol; entertainers
HMRC’s original proposals for offshore employment intermediaries were shelved following consultation. Tracey Wright considers the impact of the department’s revised proposals.
From April 2014, the NIC employment allowance will come into force for UK businesses and charities, where NICs will be cut by up to £2,000.
Teresa Payne and Philip Fisher examine common misconceptions and clarify the income tax and NIC issues around non-executive directors.
New electronic messages to help employers
HMRC has published Revenue & Customs Brief 29/13, National Insurance contributions: HMRC’s position following the Court of Appeal decision in the case of ITV Services Ltd v Commissioners for HMRC.
PAYE determination: construction workers