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Taxation of employee benefits and expenses

Taxation of employee benefits and expenses   A new statutory exemption for trivial benefits in kind costing less than £50 will be introduced with effect from April 2016. This was...

Employee share schemes: simplification of the rules

Employee share schemes: simplification of the rules Following recommendations from the Office of Tax Simplification (OTS), a number of changes are being made to the rules for employment-related...

Lifetime limit on employee shareholder status exemption

Lifetime limit on employee shareholder status exemption The Chancellor announced that for Employee Shareholder shares issued as consideration for entering into Employee Shareholder Agreements f...

Employee mileage allowances

Employee mileage allowances Confusion often arises over differing tax treatment of mileage allowances paid to employees using their own cars for business, and those provided with a company car....

Coronavirus - Homeworkers' Expenses

Coronavirus (COVID-19) Update: Homeworkers' Expenses The government has introduced a temporary tax and National Insurance exemption to ensure that home office equipment purchased by employe...

When are tips taxable?

The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often ar...

Trivial benefits

Trivial benefits Employers will be aware that various changes have been made to the reporting requirements for employee benefits and expenses from April 2016, which mean that some employer...

Budget Update - Employers

Budget Update - Employers   NIC When business owners and accountants are asked what single action could simplify the tax system, most suggest merging income tax and NI. This messag...

Employer responsibilites for tips

Employer responsibilites for tips The tax and NIC treatment of tips will depend on how they are paid to the recipient.   Cash tips handed to an employee, or say, left on the table ...

Taxpayer wins IR35 challenge

Taxpayer wins IR35 challenge HMRC have recently lost another high-profile IR35 case. Kaye Adams, the presenter of ITV's Loose Women programme, has successfully challenged HMRC on her employ...

Offer gym membership or leisure facilities to employees and get tax breaks

In 2016/17, 1.3 million workers suffered from work-related ill-health, which equated to 25.7 million working days lost. This has been estimated to cost £522 per employee, and up to £32 ...

Casual Employees and Employment status

Casual Employees and Employment status Some employers will be considering taking on extra staff on a 'casual' basis to cover the summer period. There are a few issues which employers sh...

Annual Payroll & RTI

Annual Payroll & RTI   Under real time information (RTI) PAYE reporting, a Full Payment Submission (FPS) report is required to be made to HMRC every time an employee is paid, not j...

Termination payments consultation – eg. redundancy payment

Termination payments consultation – eg. redundancy payment Following a recent consultation, the Office for Tax Simplification (OTS) is currently consulting on proposed changes to the tax ...

Company vans update

A charge of income tax will generally arise if a company van is made available, by reason of employment, to an employee or a member of their family or household. It must be made available without a...
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