Employee bonuses tax avoidance scheme
Spotlight - Employee bonuses: avoidance scheme involving Restricted Securities HMRC has published a new Spotlight about an employee bonuses tax avoidance scheme involving Restricted Securities.
Self Assessment deadline – guidance
Self Assessment deadline - information for agents Guidance for tax agents and advisers to help manage the 31 January 2014 Self Assessment deadline has been published.
Red diesel – changes to rules for agricultural vehicles
Changes to rules on using red diesel for gritting with agricultural vehicles Changes to Schedule 1 to the Hydrocarbon Oil Duties Act 1979 (HODA) allowing certain agricultural vehicles to use red diesel when gritting roads comes into force today.
HMRC stakeholder update - number 45
25 November 2013
HMRC has circulated their forty-fifth weekly update for 2013 to stakeholders, which looks to provide informal highlights as a result of listening to employer feedback and working in partnership with stakeholders.
Percentage Threshold Scheme coming to an end
DWP is taking steps to abolish the Statutory Sick Pay (SSP) Percentage Threshold Scheme (PTS) at the end of the 2013/14 tax year. At that point, employers will have until the end of the 2015/16 tax year to recover SSP paid for sickness absences occurring before the end of the 2013/14 tax year. The associated SSP record-keeping requirements will also be abolished at the end of the 2013/14 tax year. Employers will, however, still be required to maintain records for Pay As You Earn (PAYE) purposes and to show they are meeting their SSP obligations, should HMRC require them. The independent review of sickness absence showed PTS has not encouraged employers to actively manage sickness absence in the workplace and as a result, the Government decided to abolish the scheme and reinvest the money into funding a new Health and Work Service. This will provide an alternative form of support that will benefit employers by enabling employees on sickness absence to, where possible, return to work more quickly and also assist employers to better manage sickness absence.
Please see the Health, Work and Wellbeing initiative site on Gov.uk for further information.
National Insurance Contributions (NICs) Bill 14 October 2013
The National Insurance Contributions (NICs) 14 October 2013 includes draft arrangements for claiming the NICs Employment Allowance from 6 April 2014 and draft NICs Regulations for Offshore Employers and oil and gas workers on the UK Continental Shelf.
Employee Financed Retirement Benefit Schemes (EFRBS)
CIPP Policy News Journal
16/04/2014, Page 205 of 519
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