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Company Cars – Car provided for lower-paid employees
Company Cars – Car provided for lower-paid employees When a company car is provided for the private use of a member of an employee’s family or household, the tax charge normally falls on the employee....
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Benchmark scale rates for business travel abroad
Benchmark scale rates for business travel abroad Worldwide subsistence rates updated from October 2011. Since February 2008, employers wishing to use scale rates to administer travel expenses have been...
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CMEC and HMRC
CMEC and HMRC In January 2011, a Green Paper was published entitled ‘Strengthening families, promoting parental responsibility: the future of child maintenance’. Amongst the items discussed was a...
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Luncheon Vouchers – Repeal of Tax and Class 1 NICs Relief
Luncheon Vouchers – Repeal of Tax and Class 1 NICs Relief The Luncheon Voucher relief (introduced in 1946 at the time of food rationing, with the intention of helping individuals afford meals) gave tax...
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Late Night Taxis – Relief to Stay
Late Night Taxis – Relief to Stay As 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...
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Advisory Fuel Rates
Advisory Fuel Rates HMRC routinely reviews the published Advisory Fuel Rates every three months. The current rates, effective from 01 March 2012, are added to the table below. The only changes...
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Exempt Homeworking Payments
Exempt Homeworking Payments The Income Tax (Earnings and Pensions) Act 2003 (ITEPA) contains Section 316A, which specifically allows employers to make payments to employees who incur additional...
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Welfare Reform Act
Welfare Reform Act After its first reading in the House of Commons on 16 February 2011, and after suffering many readings, defeats and amendments along the way, the Welfare Reform Bill received Royal...
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Taxable Benefit-in-Kind and Expenses Payments
Taxable Benefit-in-Kind and Expenses Payments The UK National Statistics Publications Hub announced that new statistical data on taxable benefits in kind and expenses is to be published on 29 June 2012...
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High Income Child Benefit Charge
High Income Child Benefit Charge Effectively, Monday 07 January 2013 saw Child Benefit added to the list of other means-tested benefits by the introduction of the High Income Child Benefit Charge (the...
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Expenses and Benefits Forms 2012/13
Expenses and Benefits Forms 2012/13 Regarding P11D information for this year (2012/13), we were frustrated last week that we could not find the English version of the P11Ds or Working Sheets on HMRC’s...
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Online Expenses and Benefits Forms
Online Expenses and Benefits Forms HMRC have announced that it has started to provide both employers and agents and additional method of reporting year-end benefits and expenses. These are Web-based...
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OTS Review of Benefits and Expenses
OTS Review of Benefits and Expenses The Learn Centre has been in contact with the Office of Tax Simplification (OTS) offering to give exposure to a research project they are undertaking which will...
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Expenses and Benefits Forms 2012/13
Expenses and Benefits Forms 2012/13 For information, please see the below list of P9D and P11D forms for 2012/13: HMRC – P9D 2012/13 HMRC – P9D 2012/13 (Welsh) HMRC – P11D 2012/13 HMRC – P11D 2012/13...
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Expenses and Benefits Forms 2012/13
Expenses and Benefits Forms 2012/13 For information, please see the below list of P9D and P11D forms for 2012/13: HMRC – P9D 2012/13 HMRC – P9D 2012/13 (Welsh) HMRC – P11D 2012/13 HMRC – P11D 2012/13...
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Online Expenses and Benefits Forms
Online Expenses and Benefits Forms In April 2013, HMRC advised that it had started to provide employers and agents an additional method of reporting year-end benefits and expenses via a new online...
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OTS Review of Expenses and Benefits
OTS Review of Expenses and Benefits At the Autumn Statement of 2012, the Government indicated it was to ask the Office of Tax Simplification (OTS) to review ways in which the benefits and expenses...
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OTS Review of Expenses and Benefits – Progress
OTS Review of Expenses and Benefits – Progress At the Autumn Statement of 2012, the Government indicated it was to ask the Office of Tax Simplification (OTS) to review ways in which the benefits and...
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OTS Review of Expenses and Benefits – PSAs
OTS Review of Expenses and Benefits – PSAs After Budget 2014 on 19 March, David Gauke wrote to the Office of Tax Simplification (OTS) saying that most of their recommendations were being actioned or...
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Benefits and Expenses Time 2013/14
Benefits and Expenses Time 2013/14 The tax year is never quite finished until all of the benefits and expenses processing is completed by 06 July – note that, in 2014, 06 July is a Sunday; therefore,...
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Expenses and Benefits Time
Expenses and Benefits Time As PAYE year-end processing nears completion, we are just reminding employers that expenses and benefits processing should be underway so that the 06 July deadline is met....
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Expenses and Benefits Time
Expenses and Benefits Time As PAYE year-end processing nears completion, we are just reminding employers that expenses and benefits processing should be underway so that the 06 July deadline is met....
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OTS Review of Expenses and Benefits – Final Report
OTS Review of Expenses and Benefits – Final Report At the Autumn Statement of 2012, the Government indicated it was to ask the Office of Tax Simplification (OTS) to review ways in which the benefits...
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Travel and Subsistence Review
Travel and Subsistence Review At Budget 2014, the Government announced that it intended to review the rules underlying the taxation of travel and subsistence expenses. The Office of Tax...
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Consultations on Expenses and Benefits Processing
Consultations on Expenses and Benefits Processing At Autumn Statement 2012, the OTS was asked to look at the areas of expenses and benefits administration and how this could be simplified for...
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Sickness, Maternity, Adoption and Paternity Rates in Legislation
Sickness, Maternity, Adoption and Paternity Rates in Legislation The annual Welfare Benefits Uprating Order has been laid before Parliament confirming the following rates for 2015/16: Statutory Sick...
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Trivial Benefit Exemption
Trivial Benefit Exemption Currently, HMRC accept small gifts to employees as being trivial in nature (such as a bouquet of flowers to mark an event or to someone in hospital) where the cost of...
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Good News for those who have VW, Audi, Seat or Skoda company vehicles.
Good News for those who have VW, Audi, Seat or Skoda company vehicles. With all the adverse publicity VW have been receiving, a piece of good news has come from HMRC for those who have company...
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Benefits in Kind – Payrolling online service now open for registration
Benefits in Kind – Payrolling online service now open for registration The new Payrolling Benefits in Kind (PBIK) online service becomes active on 6 April 2016 and you will need to use this service...
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Payrolling Benefits in Kind guidance amended
Payrolling Benefits in Kind guidance amended Following feedback from users, HMRC has amended guidance on using the new Payrolling Benefits in Kind service – Tax your employees’ benefits and expenses...
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Company car users can now update their details online
Company car users can now update their details online Company car users can now update their details online by simply using the Check or update your company car tax service. What this means for some...
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