Further changes to the definition of ‘qualifying child care’
Further changes to the definition of ‘qualifying child care’Sections 270A and 318A of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA) provide limited tax exemptions for the provision of...
View ArticleIncome tax and NICs reform – Budget update
Income tax and NICs reform – Budget updateThe Government announced in Budget 2011 that it would consult on the options, stages and timing of reforms to integrate the operation of income tax and NICs....
View ArticleClik here to view.
Tax and NICs Integration
Tax and NICs IntegrationHM Treasury (HMT) (Photo credit: lesteph) In the Budget 2012 Report, HM Treasury announced that its ‘simplification’ process would continue, as they looked at integrating tax...
View ArticleClik here to view.
The Single Income Tax
The Single Income TaxFollowing on from the article about tax transparency, it is appropriate to mention a recent 2020 Report. The 2020 Commission is a joint project between the Taxpayers’ Alliance and...
View ArticleClik here to view.
HMRC and Tax Transparency
HMRC and Tax TransparencyHM Revenue & Customs (Photo credit: jam_90s) There have been several moves within the last few months aimed at increasing taxpayers’ awareness of the tax system, how much...
View ArticleIncome Tax (Exemption of Minor Benefits (Amendment) Regulations 2012
Income Tax (Exemption of Minor Benefits (Amendment) Regulations 2012We have previously reported that the current tax and NICs exemption on the provision of a meal by the employer to the employee on a...
View ArticleClik here to view.
Income Tax Devolution for Wales
Income Tax Devolution for WalesCurrently, the devolved government administration to the Welsh Assembly means that Assembly Members (AMs) can set legislation and direct the way that money is spent in...
View ArticleTax Simplification
Tax SimplificationIncome Tax and NICs Reform Point 2.52 of the Autumn Statement report said: ‘The Government will wait for further progress on planned operational changes to the tax system before...
View ArticleClik here to view.
Draft Finance Bill 2013
Draft Finance Bill 2013The Government is committed to providing information on the measures in the Finance Bill at least three months prior to its introduction in Parliament and, where possible, the...
View ArticleClik here to view.
Statutory Residence Test Online Indicator
Statutory Residence Test Online Indicator From 06 April 2013, an individual’s tax residence status in the UK is determined by the Statutory Residence Test (SRT). The SRT applies for the purposes of...
View ArticleClik here to view.
HMRC – ‘Coding’ Out Tax Debts
HMRC – ‘Coding’ Out Tax DebtsWhere a taxpayer has a Tax Credit or Self-Assessment debt, an established method of collecting this is via the tax code, a process known as coding out (where this has not...
View ArticleClik here to view.
What to do if your Tax Code is Wrong
What to do if your Tax Code is WrongA useful Tweet this week by @HMRCgovuk gives employers a Website to refer employees to in the instance that they think they are on the wrong tax code – see below....
View ArticleClik here to view.
HMRC Plan to Delay the Issue of Employee Tax Codes
HMRC Plan to Delay the Issue of Employee Tax Codes The Income Tax (Pay As You Earn) Regulations 2003 (the PAYE Regulations) govern the day-to-day workings of how the Income Tax system works via the...
View ArticleClik here to view.
Coding Out
Coding Out The Income Tax (Pay As You Earn) (Amendment) No. 3 Regulations 2011 allow HMRC to ‘code-out’ Self-Assessment and Tax Credit debts where the value is up to £3,000. Coding out is achieved by...
View ArticleClik here to view.
Increased Income Tax Devolution Powers for Scotland
Increased Income Tax Devolution Powers for Scotland Scottish taxation moved a step closer when the Autumn Statement 2014 report made the following statement that the government is: ‘strengthening...
View ArticleClik here to view.
Wales Bill Passes from the Lords back to the Commons
Wales Bill Passes from the Lords back to the Commons The Silk Commission, chaired by Paul Silk, was established in 2011 to look at the financial and constitutional arrangements in the Principality....
View ArticleClik here to view.
Government departments face further cuts
Government departments face further cuts The government is committed to clearing the UK deficit by 2018-19 without increasing income tax or VAT and the Chancellor has revealed his plans for cuts to...
View ArticleClik here to view.
Consultation on tax and NI alignment launched
Consultation on tax and NI alignment launched The Office of Tax Simplification (OTS) has launched a consultation into the closer alignment of income tax and national insurance contributions. The OTS...
View Article
