Policy News Journal - 2012-13

CIPP Policy News Journal 12/04/2013, Page 8 of 362 EMPLOYER FLOUTING NMW RULES IS NAMED ........................................................ 138 NATIONAL MINIMUM WAGE FROM OCTOBER 2012 .................................................. 138 BIS – NATIONAL MINIMUM WAGE COMPLIANCE & ENFORCEMENT ....................... 138 ENFORCING THE NATIONAL MINIMUM WAGE........................................................... 139 LOW PAY COMMISSION (LPC) TRIENNIAL REVIEW: MARCH 2013........................... 139 Pay As You Earn .............................................................................................. 139 Autumn Statement 2012 ........................................................................................139 CHANCELLOR TO DELIVER AUTUMN STATEMENT ON 5 DECEMBER 2012............ 140 AUTUMN STATEMENT DECEMBER 2012 .................................................................... 140 Personal Tax/Benefits and Credits.................................................................................. 140 Pensions Savings - Tax Relief ........................................................................................ 141 Business Tax .................................................................................................................. 141 Other Taxes - Fuel Duty, Air Passenger Duty (APD), Inheritance Tax (IHT) ................... 142 Anti-Avoidance and Evasion ........................................................................................... 142 Reducing tax credit error fraud and debt......................................................................... 142 Recovering Debt............................................................................................................. 143 Digital Services............................................................................................................... 143 Budget 2012............................................................................................................143 Cap on unlimited tax reliefs............................................................................................. 144 PAYE Penalties .............................................................................................................. 145 Child Benefit income tax charge ..................................................................................... 145 Car and van fuel benefit charge 2012-13 & 2013-14....................................................... 145 Company Car Tax Rates 2014-15 to 2016-17................................................................. 145 Corporation Tax Rates.................................................................................................... 146 Automatic Review of State Pension Age (SPA) .............................................................. 146 Single Tier Pension......................................................................................................... 146 VAT: revalorisation of registration and deregistration thresholds..................................... 146 Tax simplification for small businesses ........................................................................... 147 Tax Transparency........................................................................................................... 147 Integration of income tax and National Insurance contributions ...................................... 147 Tax Avoidance................................................................................................................ 148 Employer asset-backed pension contributions ................................................................ 148 Qualifying Recognised Overseas Pensions Schemes (QROPS)..................................... 148 Budget 2013............................................................................................................148 Employment Allowance for businesses........................................................................... 149 Company Car Tax .......................................................................................................... 149 New Childcare Scheme from 2015 ................................................................................. 149 Income Tax Personal Allowance..................................................................................... 149 Exemption threshold for employer provided beneficial loans........................................... 150 Collection of debts through PAYE tax codes................................................................... 150 Pension Tax Relief.......................................................................................................... 150 Individual tax relief protection ......................................................................................... 150 Income Tax/NI treatment for employee shareholders...................................................... 150 Self-employed NICs simplification consultation............................................................... 150 Confirmation of small business tax simplification ............................................................ 150 Corporation Tax reduction .............................................................................................. 150 Collecting Small Debts through PAYE .................................................................151 CODING OUT SMALL DEBTS – Q & As ........................................................................ 151 Employee Share Schemes ....................................................................................151 TAX CODE LEGISLATION CHANGE FOR SHARED BASED EARNINGS Q & A .......... 151 FAQ ON SHARE BASED PAYMENTS TO AN EMPLOYEE AFTER THEY HAVE LEFT 151 HMRC CONSULTATION ON EMPLOYEE SHARE SCHEMES...................................... 151 P14S AND PAYMENTS MADE AFTER CESSATION OF EMPLOYMENT ..................... 152 CWG2 GUIDANCE UPDATED ................................................................................... 152 EMPLOYMENT RELATED SHARES AND SECURITIES BULLETIN ............................. 152 REVISED FAQS FOR SHARE-BASED PAYMENTS TO AN EMPLOYEE AFTER THEY HAVE LEFT.................................................................................................................... 153 CONSULTATION ON EMPLOYEE SHARE SCHEMES ................................................. 153 EMPLOYMENT RELATED SHARES AND SECURITIES BULLETIN ............................. 154

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