Simplification of the tax and National Insurance treatment of termination...
Simplification of the tax and National Insurance treatment of termination payments A consultation has been published asking for views on how the tax and NICs treatment of termination payments can be...
View ArticleTax credits – help your employees renew without delay
Tax credits – help your employees renew without delay Almost six million customers will renew their tax credits claim this year, so HMRC is asking employers to encourage their staff to renew their tax...
View ArticleE-Mail HMRC re Incorrect Tax Codes
E-Mail HMRC re Incorrect Tax Codes Payroll departments are frequently asked questions about tax codes that are arriving on employees’ doorsteps at the moment. For the most part, we are unable to...
View ArticleTax and National Insurance 2014/15
Tax and National Insurance 2014/15 HMRC have published PAYE tax and National Insurance Contributions rates and thresholds that will apply in the 2014/15 tax year: The following table shows the tax...
View ArticleBusiness Calls for Tax and NICs Reform
Business Calls for Tax and NICs Reform At Budget 2011, the Chancellor of the Exchequer announced that a Government aim was to look at simplification of the tax system. This led to a ‘Call for...
View ArticleTax and NICs Integration
Tax and NICs Integration HM Treasury (HMT) (Photo credit: lesteph) In the Budget 2012 Report, HM Treasury announced that its ‘simplification’ process would continue, as they looked at integrating tax...
View ArticleWeek 53 Provisional Tax Collection
Week 53 Provisional Tax Collection In March, we advised that we had been communicating with HMRC about underpayments of tax that may arise from the correct application of Week 53 procedures. Tax is...
View ArticleWeek 53 and Provisional Tax Collection
Week 53 and Provisional Tax Collection The Learn Centre (TLC) has received quite a few queries about the possibility of underpayments of tax due to increased instances of Week 53 situations in the...
View Article50p tax v ‘Mansion Tax’
50p tax v ‘Mansion Tax’ George Osborne referred to it as temporary and said that it could do lasting damage to the economy. Boris Johnson said that it was harming the City of London and last week we...
View ArticleOffice of Tax Simplification
Office of Tax Simplification The Office for Tax Simplification (OTS) was established on 20 July 2010 with the purpose of providing independent advice to Government on areas of possible simplification...
View ArticleTaxation and Pensioners
Taxation and Pensioners On 14 June 2011, the OTS wrote to David Gauke, Exchequer Secretary to the Treasury, outlining proposals for further simplification reviews. In addition to the proposal to...
View ArticleHMRC – 0T Reversal Q&A Document Published
HMRC – 0T Reversal Q&A Document Published HMRC advised at the start of the year that they were reversing their decision to tax post-termination share-related payments at BR. From April 2012, such...
View ArticleNew Double Taxation Convention with Hungary
New Double Taxation Convention with Hungary The UK and Hungary have signed a replacement double taxation agreement. A new comprehensive Double Taxation Convention between the United Kingdom and the...
View ArticleViews sought on integration of income tax and NICs
Views sought on integration of income tax and NICs HM Treasury has posed fourteen questions to draw out views on the burdens faced by employers in paying income tax and NICs through the PAYE system....
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