Off-Payroll rules progressing for April 2021 private sector introduction

The government are progressing the introduction of off-payroll working / deemed employment / IR35 changes in the private sector to mirror tax and NI activity that has applied in the public sector for the past few years. Originally intended for introduction from April 2020 and delayed by #coronavirus #COVID19, an amendment to the finance bill … Continue reading Off-Payroll rules progressing for April 2021 private sector introduction

Disguised remuneration Loan Charge – 20th September 2020 deadline

PAYadvice (as an AML HMRC regulated agent) can assist with the filing of the Loan Charge form on your behalf. If you need our assistance please make contact stating ‘Loan Charge’ within your contact message. HMRC have confirmed that any outstanding disguised remuneration loans that are subject to the Loan Charge must report the details … Continue reading Disguised remuneration Loan Charge – 20th September 2020 deadline

Waiving Income or Salary as a result of #COVID19

Employers, directors and employees may want to waive their rights to salaries and bonuses during the Covid-19 pandemic to support their own business or donate to good causes related to Covid-19. Where directors give up part of their salary or bonus to a third party or direct that the money be used in a particular … Continue reading Waiving Income or Salary as a result of #COVID19

Furlough : benefits and salary sacrifice #COVID19 #coronavirus

Letter box, HM Treasury, by P Simon Parsons With employees being placed into furlough, there is much confusion and misunderstanding in relation to salary sacrifice arrangements. Benefits in kind The provision of benefits provided by employers have different tax and National Insurance implications than an employee receiving cash remuneration. For example: Child care vouchers given … Continue reading Furlough : benefits and salary sacrifice #COVID19 #coronavirus

NHS returners being targeted by unscrupulous tax avoidance schemes #COVID19 #coronavirus

https://www.gov.uk/guidance/tax-avoidance-promoters-targeting-returning-nhs-workers-spotlight-54 ..’unscrupulous promoters of tax avoidance schemes are targeting workers returning to the National Health Service (NHS) to help respond to the coronavirus (COVID-19) outbreak’ ....All of these schemes have one thing in common and that is to attempt to disguise the true level of your earnings, which would ordinarily be subject to Income Tax … Continue reading NHS returners being targeted by unscrupulous tax avoidance schemes #COVID19 #coronavirus