Administration of Troncs
The long-running series of disputes between employers in the hospitality industry and HM Revenue and Customs (HMRC) concerning the taxation of employees’ tips and their National Insurance (NI) status seems to have been concluded by the issue of new guidance on the operation of ‘troncs’.
Administration of Troncs
The long-running series of disputes between employers in the hospitality industry and HM Revenue and Customs (HMRC) concerning the taxation of employees’ tips and their National Insurance (NI) status seems to have been concluded by the issue of new guidance on the operation of ‘troncs’.
Advice on Acquisitions Deductible
One common area of dispute between companies and the HM Revenue and Customs (HMRC) is that of deductibility of expenses.
Advice on Acquisitions Deductible
One common area of dispute between companies and the HM Revenue and Customs (HMRC) is that of deductibility of expenses.
Electronic Filing of End of Year Returns
All employers will be required to file their end of year PAYE returns electronically by 2010.
HMRC Change Policy on Fraud
HM Revenue and Customs (HMRC) have announced that they no longer intend to follow the procedure laid out in Code of Practice 9 for investigating cases of civil evasion of taxes (‘tax or VAT fraud’) where the sums of money involved are small.
HMRC Change Policy on Fraud
HM Revenue and Customs (HMRC) have announced that they no longer intend to follow the procedure laid out in Code of Practice 9 for investigating cases of civil evasion of taxes (‘tax or VAT fraud’) where the sums of money involved are small.
IHT and Small Business
Inheritance Tax (IHT) is payable on a deceased person’s estate at 40 per cent above £300,000 – the current nil rate band.
IHT and Small Business
Inheritance Tax (IHT) is payable on a deceased person’s estate at 40 per cent above £312,000 (2008/9) – the current nil rate band.
Inland Revenue Clarifies Tax Planning Notice Requirements
One of the more controversial proposals in the last budget was the proposal that taxpayers would have to notify the Inland Revenue when they set up certain types of schemes to reduce their tax bills.
