Employment Tax

Budget 2018 – summary of key tax announcements

The Chancellor of the Exchequer today announced his final post-Brexit budget. From a personal tax perspective, the Budget contained a number of small changes to existing rules and confirmation of policies already announced but not much new of major significance. As expected, the key announcement in terms of business taxation is the introduction of a Digital Services Tax on very large businesses and partial relief from business rates at the other end of the scale. The key issues are summarised as follows: Rates and ... Read More

HMRC shown red card in referees’ employment taxes case

English football referees have won a First Tier Tribunal case against HMRC’s attempt to classify them as employees rather than self-employed for the purposes of Pay As You Earn (PAYE) and National Insurance Contributions (NICs). The case highlights the complexity that can exist in determining a person’s employment or self-employment status. Whilst a select group of the top English football referees are employed full-time by PGMOL (the Professional Game Match Officials Limited) most referees in professional English football referee in their spare ... Read More

Overseas workdays relief – Expat Tax Back

Overseas Workdays Relief (OWDR) is a valuable tax relief available to non-UK domiciled taxpayers, which exempts employment earnings relating to duties performed overseas from a charge to UK tax provided certain conditions are met. If implemented correctly and in the right circumstances the relief can generate very big UK tax repayments. To be eligible for this relief, an individual is required to: • Be UK tax resident in the tax year following three consecutive tax years of non-UK tax residence; • be domiciled outside the ... Read More

Discrimination Settlements and Tax

You work hard for your employer, however throughout your employment you are discriminated against, due to your age and disability. Eventually you have had enough.  After a long process which resulted in your lodging a claim with the employment tribunal, your employer agrees to make an out of court settlement to compensate you for the discrimination you suffered. The discrimination payment is paid to you, however it is paid net of income tax. You question this and are told that because the payment is ... Read More

Employment Tax – Year End Compliance and Planning Opportunities 2015/16

Click here to download our 2015/16 Year End Compliance and Planning note All views and opinions expressed in the blogs are personal to the writer and may not necessarily be shared by everyone at TAP but our clients are always welcome to put forward alternative views and questions which we will endeavour to share via future blogs, where appropriate. Read More

Scottish Rate of Income Tax (“SRIT”)

The Scottish Rate of Income Tax (“SRIT”) will commence on 6 April 2016 and applies to individuals who reside in Scotland. The rate of SRIT is due to be announced on 16 December 2015 and will impact on both employers and employees. At present the rates of income tax that apply in the UK are 20%, 40% and 45%. From 6 April 2016 all these rates are to be reduced by 10% for SRIT taxpayers and instead the SRIT is to be ... Read More

Employment Taxes

Year End Compliance and Planning Opportunities – 2014/15 Listed below are some of the key compliance areas and opportunities that employers should focus on prior to the end of the tax year on 5 April 2015. Some actions may fall shortly after this date but we would recommend that due consideration is given to all matters. For further information please contact Paul Spenceley on 07825 292546 or at paul.spenceley@taxadvisorypartnership.com. Payroll Have you paid any Non-Executive director’s fees without PAYE/NIC deduction? If so are you ... Read More

Employers: no time to rest

As employers face their first year of filing under RTI we look at what needs to be done and highlight some of the other actions that employers need to consider to finalise the 2014 tax year. Real Time Information (“RTI”) Employers will no longer have to send a form P35 and forms P14 for each employee. Instead this will be done on an electronic submission to HMRC. There are three stages: Identify – An employer needs to identify when it proposes to file its ... Read More