Employment Taxes

 


The National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill completed its passage through the House of Commons this week. The Bill will introduce a limited class 1A employer charge on termination payments over £30,000 and on payments over £100,000 related to non-contractual sporting testimonials.

The CIOT comments on the HMRC consultation Off-payroll working rules from April 2020.

A committee of MPs passed the National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill without amendment on Tuesday (May 14th), including an evidence session with witnesses from CIOT among others.

CIOT representation to the public bill committee looking at the National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill 2017-19.

The CIOT response to the HMRC call for evidence on Amendments to Tax Returns.

MPs got a final chance to amend this year’s Finance Bill with today’s report stage debate. Government amendments on intangible fixed assets and entrepreneurs’ relief were passed. A cross-party proposal to amend the Bill to hinder government preparations for a ‘no deal’ Brexit was passed. Another cross-party proposal for a review including consideration of the 2019 loan charge was accepted by the government.

Liveblog on Treasury Sub-committee evidence session with CIOT President Ray McCann. The session is part of the “conduct of tax enquiries and resolution of tax disputes” inquiry and covered current employment taxes issues, including the disguised remuneration loan charge and IR35 reform.

MPs resumed debate and passed clauses 7 on Optional remuneration arrangements, 11 about beneficiaries of tax-exempt employer-provided pension benefits, 12 which related to employment and social security income and clauses 13 which dealt with tax treatment of sales of UK land by non-UK residents. All Opposition amendments were defeated. There were regular mentions of the CIOT/IfG Better Budgets report which Labour used to criticise the Government's approach to this Finance Bill. The Public Bill Committee will begin the next session on Thursday on clause 14, which covers disposals of UK land and payments on account of capital gains tax.

MPs debated and agreed clauses 1-4 of Finance Bill (No.3), agreeing that the government should continue to levy income tax and corporation tax, and the rates of income tax for 2019-20. Attempts by opposition MPs to get the committee to take oral evidence from experts, and to require the government to review aspects of tax policy, were rejected.

MPs from across the political spectrum channelled the anger and distress of constituents affected by the ‘2019 loan charge’, during a 90 minute debate in Westminster Hall on Tuesday, and argued the government’s efforts should be focused on those who had enabled and promoted loan schemes rather than their often unwitting clients.