· Payments to mariners to be disregarded for Class 1 NICs · Grants for giving up agricultural land · Pool betting duty payments related to safety improvement at football grounds or for the arts · Mineral royalties · Cycle to work days - provision of meals · Late night taxis · Luncheon vouchers · Pools payment for football ground improvements · Pools payment for support for games · Disregard for certain apprentices and students coming to the UK · Assistance in identifying lost or stolen credit cards · Nationalisation schemes · Tax reserve certificates issued by HM Treasury · Payments for the benefit of family members · Class 1A - Exemption for prescribed general earnings · Class 4 - Allows deduction in next tax year of losses incurred in 89/90 or previous tax year where losses from income other than trade or profession or vocation · Deeply discounted securities - incidental expenses · Life assurance premium relief · Life assurance premiums paid by employers under E-FRBS
· Capital allowances - flat conversion allowances · Capital allowances - safety at sports grounds · Certain leases granted by registered social landlords · Disadvantaged area relief (Stamp duty) · Exempt Instruments · Partial relief for company acquisitions · Shared ownership transactions · Transfers to registered social landlords · Visiting forces and allied headquarters · Disadvantaged area relief (Stamp duty land tax) · Angostura bitters · Black beer · Land remediation relief · Compensation for mis-sold pensions · Harbour authorities · Harbour reorganisation schemes · Transfers in relation to harbour reorganisation schemes
SIMPLER REPORTING FOR THE SMALLEST BUSINESSES: DISCUSSION PAPER
31 August 2011 A discussion paper has been published which seeks views on simplifying the financial and corporate reporting requirements for the smallest businesses. Simpler Reporting for Smaller Businesses sets out ideas to reduce the amount of reporting micro-entities would be required to undertake. This could benefit around 5 million businesses and result in considerable cost savings in relation to the preparation of their accounts. The paper proposes easing corporate reporting procedures so that micro-entities are only required to file a simplified Trading Statement (in place of the current Profit and Loss account), a simplified Statement of Position and a simplified Annual Return.
CIPP Policy News Journal
09/10/2012, Page 18 of 234
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