Disguised remuneration avoidance 21 March 2016
At Budget 2016 the Government made an important policy announcement about Disguised Remuneration avoidance. HMRC will be using the ‘contractor loans’ Talking Points session on 30 March to summarise what this announcement means for individuals that might be involved in Disguised Remuneration avoidance schemes such as contractors.
The session will run from 13:00 to 13:45 on Wednesday 30 March. Click here to register for this meeting.
‘Talking Points’ are interactive online sessions providing agents with opportunities to hear from and ask questions of subject matter experts from HMRC.
There is always a chance to ask questions during the sessions, but if you have any questions for the subject matter experts prior to the meeting, you can send them to team.agentengagement@hmrc.gsi.gov.uk .
To register you only need to provide your name and email address. You will then be sent a link for you to use to attend the session.
There are also recordings available for previous Talking Points sessions:
Your Tax Account
National Living and National Minimum Wage
Future Talking Points sessions in April will cover Gender Pay Gap regulations, Security Awareness and changes to the Construction Industry Scheme.
Off-payroll working in the public sector 22 March 2016
The Government announced at Budget 2016 that it will reform the intermediaries legislation for public sector engagements. Liability to pay the correct employment taxes will move from the worker’s own company to the public sector body or agency / third party paying the company. Further to this announcement a technical note has been published which provides further details on the changes that are being proposed. The note gives not only an overview of the changes but also further technical details and the next steps, including the scope of a consultation document that will be published shortly. Legislation will be introduced in Finance Bill 2017 and will also be subject to full consultation. In partnership with stakeholders, HMRC will develop a new digital tool that will make the decision on whether or not the rules should apply as simple as possible and provide certainty.
HMRC is cracking down on tax avoidance 30 March 2016
This is not a new topic but HMRC are seeing a number of avoidance schemes and arrangements being marketed to individuals and businesses as legitimate tax planning.
HMRC is cracking down on tax avoidance and have various tools that can help you spot the signs of avoidance and advise your clients on the risks involved in using tax avoidance schemes.
These risks have increased greatly in the last two years, with the introduction of new legislation to combat avoidance. You need to ensure that you are able to explain these risks fully to your clients, alongside their obligations.
There are a number of avoidance schemes and arrangements being marketed to individuals and businesses as legitimate tax planning. This can give potential users the false reassurance that HMRC will not challenge their use
CIPP Policy News Journal
25/04/2016, Page 449 of 453
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