Employment Taxes

 


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.

Finance Bill (No.3) began its committee stage today with two days of Committee of the Whole House scheduled for today and tomorrow. The clauses debate today focused on tax thresholds and reliefs and on Brexit.

The CIOT comments on Exemptions relating to emergency vehicles.

The CIOT comments on FB 2018-19 Exemption for benefit in form of vehicle-battery charging at workplace.

The CIOT comments on FB 2018-19 Changes to Optional Remuneration Arrangements rules for taxable cars and vans.

HMRC have confirmed that from 19 November 2018 they will be reviewing and reworking up to 30,000 self-assessment returns for 2016-17 filed online where they consider that there is a risk that their tax calculator has incorrectly computed the individual’s tax liability.

This was a fairly quiet conference on the tax front for the Conservatives, new announcements limited to a stamp duty increase for foreign buyers, edging a little closer to a Digital Services Tax, tweaks to the apprenticeship levy and another year of a fuel duty freeze. Various outriders would like to see more radical changes though – especially corporation tax cuts – and there are hints these might be considered depending on the outcome of the Brexit process.

The CIOT comments on the HMRC/ HMT consultation Off-payroll working in the private sector.

The CIOT comments on the HMRC consultation Tax and Administrative Treatment of Short Term Business Visitors from Overseas Branches.