The government has published the National Insurance Contributions (Rate Ceilings) Bill, to implement NICs aspects of the ‘tax lock’ under which the main rates of income tax, VAT and NICs will be held at their current levels for the full five-year duration of this Parliament.
HMRC is consulting until 2 December 2015 (following consultation and primary legislation in FA 2015) on four sets of regulations required to: abolish the £8,500 threshold for benefits in kind; allow employers voluntarily to ‘payroll’ specified benefits in kind; replace dispensations with an exemp
HMRC is consulting until 30 September 2015 on proposals to remove tax relief for home-to-work travel and subsistence where a worker is employed through an employment intermediary and under the supervision, direction or control of any person.
TOGCs and VAT groups
HMRC is consulting until 30 September 2015 on the introduction of specific rules to determine when performance related rewards paid to investment fund managers are properly taxable as capital gains, rather than as income.
Payment under a compromise agreement
Karen Cooper and Mairi Granville-George (Osborne Clarke) examine the Mr A v HMRC decision on a payment made by a bank to an employee under a compromise agreement.
HMRC invites comments by 31 July 2015 on draft guidance setting out how it will determine the status of a ‘Scottish taxpayer’ for the purposes of the Scottish rate of income tax taking effect from April 2016, particularly in relation to individuals who have more than one place of residence.
Was a payment made because of an employee’s disability?
HMRC will shortly announce a relaxation for penalties in respect of late reporting of PAYE real-time information.