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EMPLOYMENT TAXES


It seems that HMRC will finally achieve its objective of taxing all but the very oldest of loans made by EBTs by the end of 2018/19. Ashley Greenbank and Nigel Doran (Macfarlanes) explain.
 

The prime minister announced to the House of Commons during oral questions that the government ‘will not bring forward increases to NICs later in this Parliament’, although the government will bring forward further proposals once Matthew Taylor has reported on his review of self-employment.

HMRC has published statutory directions specifying the format for the submission of returns and information for employment related securities and enterprise management incentives via its online employment related securities service.

The Department for Business, Innovation and Skills has published an updated policy on HMRC's enforcement of the national minimum wage and national living wage. The national living wage applies to workers aged 25 and over from 1 April 2016.

The Department for Business, Innovation and Skills has published guidance on the new apprenticeship levy to be introduced in April 2017. Legislation in Finance Bill 2016 (Part 6) will provide for payment of the levy through PAYE, set at a rate of 0.5% of the employer's pay bill.

Did a payment to a director represent ‘earnings’?

Mark Groom (Deloitte) summarises changes in employment taxes, looking at what’s to come and areas we’ll soon leave behind. 
 

Experts at Tolley examine highlights of the draft 2016 Finance Bill.

BDO, the liquidator in Murray Group Holdings (better known as ‘the Rangers case’), has submitted its appeal against the Court of Session’s ruling of 4 November 2015 on the company’s use of EBTs, seeking leave to appeal to the Supreme Court. 

The Income Tax (Approved Expenses) Regulations, SI 2015/1948, define ‘qualifying travel’ and set out the approved method of paying or reimbursing standard meal allowances for the purposes of the new expenses exemption allowing employers to pay specified expenses to their employees from 6 April 20

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