Employment Taxes

 


In light of the COVID-19 pandemic, the CIOT has produced this introductory guide to Statutory Sick Pay (SSP), which includes details of how the rules should be applied in relation to COVID-19.

There are very strict rules regarding the waiver of both salary and bonuses. If the rules are not followed an employer may find themselves being pursued by HM Revenue and Customs for PAYE and NICs.

HMRC has written to agents in the following terms, in relation to the Coronavirus Job Retention Scheme (CJRS). More information on the CJRS can be found on our COVID-19 technical pages.  

The Chartered Institute of Taxation (CIOT) is urging employers to consider supporting employees working from home because of the Coronavirus outbreak with a tax-free payment equivalent to over £300 per year to help with the costs of higher household bills.

In light of the COVID-19 pandemic, the CIOT has produced a guide to help employees and employers understand the tax implications when employees are working from home. 

The government has today announced support for small and medium-sized businesses and employers to cope with the extra costs of paying COVID-19 related Statutory Sick Pay (SSP) by refunding eligible SSP costs. The government has also recognised that its existing systems are not designed to facilitate such employer refunds for SSP and intends to set up a repayment mechanism for employers over the coming months.

The Chartered Institute of Taxation (CIOT) respond to the draft secondray legislation on Off-payroll working rules from April 2020.

This page contains a liveblog written during the February 10th House of Lords Finance Bill Sub-Committee evidence session on Draft Finance Bill 2019, focusing on proposed reforms to the rules on off-payroll working.

The Labour Party have published their general election manifesto, which includes plans for higher corporation tax, income tax increases for those earning more than £80,000 and taxing capital gains and dividends at income tax rates with a single allowance.