Employment Taxes

 


The Financial Secretary to the Treasury has today announced that the reimbursement of expenses that would be for home office equipment are exempt from tax. The relevant Regulations are to be laid next week, and will have effect for the 2019-20 (from 16 March 2020 only) and 2020-21 tax years.

The Chartered Institute of Taxation (CIOT) respond to the Treasury Committee inquiry in to the Spring Budget 2020

A report by a House of Lords committee has called on the government to address the ‘inherent flaws and unfairnesses’ in the IR35 regime and has recommended it reviews its entire approach to its plans to extend off-payroll working to the private sector from next year.

MPs on the Treasury Committee questioned a minister and two of the Treasury’s most senior civil servants in the latest session of its inquiry into the economic impact of coronavirus, held on Wednesday 29 April.

HMRC has provided guidance on temporary changes to some pension processes to help pension scheme administrators during the COVID-19 pandemic.

The Finance Bill had its second reading in the House of Commons on Monday 27 April.  The Bill includes measures such as a Digital Services Tax, changes to the controversial Loan Charge and retaining corporation tax at 19 per cent (rather than implementing a previously legislated cut to 17 per cent). It makes some business reliefs more generous to encourage investment but introduces restrictions on the availability of two capital gains tax reliefs - entrepreneurs’ relief and private residence relief.

HMRC has provided us with the following information when making a claim for the Employment Allowance for the 2020/21 tax year through the Employer Payment Summary (EPS) and which business sector to select to confirm eligibility under State aid rules.

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.

Further directions issued today by the President of the First-tier tax tribunal, Judge Sinfield, to the Tax Chamber and Tribunal users extending, in relation to certain proceedings, the general stay of all proceedings released on 24 March (as amended and released on 26 March).