Employment Taxes

 


Below are the briefings / submissions produced on the current Finance Bill by CIOT. Generally speaking documents were provided to Labour and SNP spokespeople as briefings but also made as formal submissions to the Public Bill Committee. 

A liveblog on the first sitting of Finance Bill Public Bill Committee. Clauses 1-9 were approved, covering topics including the new income tax exemption for pensions advice, changes to the Money Purchase Annual Allowance, a reduction in the nil rate for dividend income and a legislative fix to the disproportionate tax charges that can arise from partial surrenders of life insurance policies.

The growth in self-employment and the rise of the ‘gig economy’ was one of the hot topics on the fringe at this year’s Conservative Party conference. Employment Minister Damian Hinds was among those exploring the issue at a joint CIOT/IFS event.

A big talking point at the Labour conference this year was the growth in people working for themselves or in insecure employment, and what this means for the tax take and workers’ rights

The Chartered Institute of Taxation (CIOT) is calling on the Government not to abolish income tax relief for legitimate work-related expenses for which they are not reimbursed by their employer.

The CIOT comments sent to HMT on the call for evidence on taxation of employee expenses.

The Low Incomes Tax Reform Group (LITRG) has urged the Taylor Review of employment practices to recommend a comprehensive reassessment of the relationship between taxation and the growth in non-standard work, such as people working in the ‘gig economy’.

The CIOT comments sent to the Department for Business, Energy & Industrial Strategy on the Independent Review of the Employment Practices in the Modern Economy (Taylor review).

The Work and Pensions Committee’s inquiry into self-employment and the ‘gig economy’ continued with a session with Matthew Taylor. Taylor is Chief Executive of the of the RSA and leader of the Department of Business, Energy and Industrial Strategy’s independent review on modern employment practices.

How different ways of working should be taxed was the topic in the latest CIOT/IFS debate, held at the RSA on Monday (20 March 2017)