Technical

Technical
1 May 2017

New rules contained in the Finance Bill are designed to remove the tax advantages that arise when certain non-cash benefits-in-kind are provided as part of a salary sacrifice or flexible benefit arrangement. The changes affect more than traditional salary sacrifice so that, broadly, where an employee has an option to receive cash or benefits, the new rules may be relevant. If the new rules apply then the higher of the cash equivalent of the benefit-in-kind and the amount of salary forgone, less any amounts made good by the employee, is subject to tax and employer’s NICs.

Technical
1 May 2017

We round up four HMRC forum meetings from March: (i) the Employment and Payroll Group (ii) the Collection of Student Loans Consultation Group, (iii) Pensions Industry Stakeholder Forum and (iv) Construction Industry Scheme Operation Forum.

Technical
1 May 2017

As part of its simplification review of residual paper stamp duty on shares, the OTS requests evidence from practitioners as to the time and costs involved in dealing with the adjudication process and current system generally.

Technical
1 May 2017

The Ministry of Justice is piloting an online notice of appeal

Technical
1 May 2017

A small scale pilot of the Making Tax Digital (MTD) programme has just commenced. Look out for announcements from HMRC of the official ‘go live’ of the pilot, but before signing up check to see whether it is right for you and your clients.

Technical
1 May 2017

The consultative process moves into its final stages with the publication of the Finance Bill, however some provisions will not be legislated for in the 2017 Act.

Technical
1 May 2017

On 20 March HM Treasury published a call for evidence into the future of employee expenses . The CIOT and ATT will be responding to this consultation and we would like our members’ input to inform our responses.

Technical
1 May 2017

Pitched at tackling fraud in relation to online business to consumer (B2C) sales involving overseas sellers, this consultation asks much broader questions about the feasibility of a real time VAT collection mechanism. Could this be HMRC testing the water for wider application in the future?

Technical
1 May 2017

HMRC seeks views on proposals to prevent supply chain VAT fraud in the construction industry by using a domestic VAT reverse charge for labour services.

Technical
1 May 2017

The government is consulting on proposals to move certain non-resident companies from the income tax regime into the corporation tax regime.