As required by section 210(2) ITEPA 2003, the exemption will be conditional on the benefit of any reimbursement in respect of home-office equipment expenses being made available to all of an employer’s employees generally on similar terms.
The exemption is a temporary measure that will apply from the day after regulations come into force until, stated to be from 11 June 2020 until the end of the tax year 2020-21.
Meanwhile, HMRC will exercise its collection and management discretion and will not collect tax and NICs due on any reimbursed payments made from 16 March 2020 until the regulations take effect, provided the relevant conditions are met.
A tax information and impact note (TIIN) has been published on Gov.uk
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Approved professional organisations and learned societies (list 3) 4 June 2020
HMRC has updated the list of professional bodies and learned societies (also known as List 3) with tax-deductible fees.
For some professional organisations, members can claim tax relief on fees or subscriptions.
List 3 shows all organisations whose members qualify for a tax deduction on professional fees and subscriptions pertaining to that organisation.
The list is updated periodically and includes all bodies approved by the commissioners for HMRC.
HMRC has confirmed that there has been one addition to the list, as follows:
Additions (with effect from 6 April 2016)
Young Presidents Organisation London
Professional organisations can apply for approval for tax relief using form P356.
CIPP comment
The CIPP appears on list 3, which means that any self-funding members can claim tax relief on their membership fees. The CIPP is listed under ‘P’ under the title ‘Payroll Professionals Chartered Institute of (new title from 10 November 2010 formerly Institute of Payroll Professionals)’.
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Updates to guidance on the treatment of expenses provided to employees during COVID-19 15 June 2020
HMRC has updated two pages of guidance in relation to the treatment of certain expenses and benefits provided to employees during coronavirus and on checking which expenses are taxable if employees work from home due to coronavirus.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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