Category Archives: Employees

Changes to salary sacrifice … and beyond! Leave a comment Read more »

Changes to salary sacrifice … and beyond!

Before Parliament ‘broke-up’ for the General Election, legislation was passed which seeks to limit the tax advantages of salary sacrifice arrangements; i.e. where an employee gives up part of his/her salary in exchange for a benefit such as the use of a car. However, the…


Getting into the Christmas spirit Leave a comment Read more »

Getting into the Christmas spirit

It may be October but it’s not too early to plan for Christmas, and this year even HMRC seem to be getting into the Christmas spirit. Most people are familiar with the tax relief for Christmas parties but few may be aware of a new relief for staff benefits which…


Labour to end 'scourge of tax avoidance' Leave a comment Read more »

Labour to end ‘scourge of tax avoidance’

It’s party conference time again and John McDonnell, the Shadow Chancellor, has just delivered his plan for a future Labour Government. Some may say there’s little chance of that happening but in today’s world, where Donald Trump can run for US President, anything can happen.…


The NICs Employment Allowance and one-man-band companies Leave a comment Read more »

The NICs Employment Allowance and one-man-band companies

Since April 2014, employers have enjoyed a reduction of up to £2,000 in their NICs bills. This is known as the Employment Allowance and, for many companies, it means that no Secondary Class 1 NICs are payable. From April 2016, the maximum amount of the employment…


New rules for employees' expenses Leave a comment Read more »

New rules for employees’ expenses

From April this year, new rules will apply with regard to the reporting and taxation of expenses relating to an employee. The current rules The rules in place up to and including 5 April 2016 work like this: the employee incurs an expense – say,…


Applause for the OTS! Leave a comment Read more »

Applause for the OTS!

Back in 2010, the then Coalition Government set up the Office of Tax Simplification (OTS) to investigate options for making the UK’s tax rules simpler. The OTS has acheived a lot in the last five years but there is still much to do. Next on the…


Share this page

Categories