Employment Taxes

 


On L-Day the government published a call for evidence to consider the principles and design of a new Stamp Duty and SDRT Framework, which is intended to inform a longer-term modernisation of Stamp Duty and SDRT.  The government is seeking views on what should be the principles and design of a new framework for taxing shares and securities and what should be prioritised in any modernisation programme. 

The Low Incomes Tax Reform Group (LITRG) has welcomed today’s publication of a Call for Evidence on pensions tax relief administration,1 describing it as a chance to finally end the injustice that means that around 1.75 million people on low incomes (mostly women) are being unfairly charged 25 per cent more for their pension contributions due to the way their employers’ pensions schemes operate.

The Chartered Institute of Taxation (CIOT) has commented on today’s government announcements of a Job Retention Bonus and temporary cut in Stamp Duty Land Tax.

MPs are considering amendments and new clauses tabled to the Finance Bill, relating to tax reliefs and easements and support measures in response to coronavirus. After report stage third reading debate will take place.

MPs considered amendments and new clauses tabled to the Finance Bill, relating to the Digital Services Tax, the Bill's environmental impact, the loan charge and off-payroll working. 

HMRC has provided us with the following information when making claims under the Job Retention Scheme which include individuals where no National Insurance Number (NINO) is held or the employee has a temporary National Insurance Number.

A live blog of the ninth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on 18 June from 11.30am. MPs approved clauses 99-105, including HMRC use of automated processes, and also passed a new clause on extending off-payroll working rules to the private sector.

The Chartered Institute of Taxation (CIOT) comments on the the draft legislation on Taxation of coronavirus support payments.

A live blog of the third public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Tuesday 9 June 2020 from 9.25am. Topics covered included the annual allowance for tax relief on pension contributions, changes to entrepreneurs' relief, private residence relief and corporate capital losses.

The second public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), took place on Thursday 4 June 2020 at 2pm. Clauses 13-20 and Schedule One were debated this afternoon and all were passed. The majority of these clauses related to the contentious loan charge. Below is a 'live blog' of the proceedings.