Questions from our forum 10/02/11
Questions from our forum 10/02/11Each week we receive a number of payroll questions on our forum, and here are this week’s batch. Can you help with any answers? Forum posts: Deduction for sick pay I...
View ArticleConsultation on the abolition of certain tax reliefs
Consultation on the abolition of certain tax reliefsOn 27th May, HMRC launched the promised consultation on the abolition of certain tax reliefs announced By George Osborne at the time of the Budget in...
View ArticleHMRC warns against ‘payday by payday relief’ model
HMRC warns against ‘payday by payday relief’ modelUmbrella companies and employment businesses have been warned by HMRC that obtaining tax and NICs relief by deduction from gross pay breaks the law....
View ArticleNew tax relief rules for employer-supported childcare
New tax relief rules for employer-supported childcareHMRC has updated its guidance and FAQs for employers and employees. From 6 April 2011, employees joining salary sacrifice schemes involving...
View ArticleProfessional Fees and Subscriptions – List 3 Updated
Professional Fees and Subscriptions – List 3 UpdatedHMRC approves professional bodies that meet the statutory criteria so that individuals can obtain tax relief on their annual subscriptions....
View ArticleLate Night Taxis – Relief to Stay
Late Night Taxis – Relief to StayAs part of the same review which has abolished the relief on Luncheon Vouchers, Government has recommended that the exemption for the use of late night taxis be...
View ArticleSeed Enterprise Investment Scheme (SEIS)
Seed Enterprise Investment Scheme (SEIS)We mentioned this in our previous Newsletters; therefore, refer to the draft legislation that will introduce it from April 2012. This is the scheme that will...
View ArticleMedical Insurance and Tax Relief
Medical Insurance and Tax ReliefTwo Private members’ Bills seem to have fallen by the wayside – The Medical Insurance (Tax Relief) Bill and the Medical Insurance (Pensioner Tax Relief) Bill 2010-12....
View ArticleHMRC Tax Relief Cap Consultation
HMRC Tax Relief Cap ConsultationBudget 2012 announced that the Government was going to cap certain tax reliefs which were, currently, unlimited. For anyone seeking to claim more than £50,000 in tax...
View ArticleHMRC Cap on Unlimited Tax Reliefs
HMRC Cap on Unlimited Tax ReliefsAs announced at Budget 2012, the Autumn Statement 2012 confirmed that all tax reliefs that are currently not subject to an upper ceiling will be capped at 25% of...
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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...
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Tax relief for Disclosure and Barring Scheme Fees
Tax relief for Disclosure and Barring Scheme Fees The Disclosure and Barring Service (DBS) replaced the Criminal Records Bureau at the end of last year. It is launching its new Update Service on 17th...
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Consultation on pensions tax relief
Consultation on pensions tax relief As we reported a couple of weeks ago when the Summer Budget was presented, the Government is consulting on whether there is a case for reforming pensions tax...
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