HMRC updates guidance on charging company electric cars
[ad_1] HMRC accepts that no taxable benefit arises where an employer reimburses their employee for the cost of charging a company-owned, wholly electric car that is available for private use. ICAEW’s Tax Faculty highlighted that it considered HMRC’s guidance and tools for the tax treatment of the reimbursement of electricity costs did not reflect the […]
Tackling non-compliance in the umbrella company market
[ad_1] ICAEW suggests that the off payroll working problem, which has led to the increase in the use of umbrella companies by employment intermediaries, could be resolved by eliminating opportunities for arbitrage that arise from rates of tax and NIC being different depending on employment status for tax. Many organisations in the private and public […]
Non-compliance in the umbrella company market
[ad_1] The government is consulting on proposals to regulate umbrella companies for employment rights and on options to tackle tax non-compliance. HM Treasury, together with HMRC and the Department for Business & Trade, have published a consultation seeking views on policy options to tackle non-compliance in the umbrella company market. It invites comments on policy […]
Reactions to the EU Commission’s company taxation proposals
[ad_1] The EU Commission has proposed for a common set of corporate tax rules across member states. Views expressed both by those giving evidence to the European Parliament’s subcommittee on taxation matters and CFE Tax Advisors Europe suggest that more work is required if the rules are to interact successfully with the other taxation systems […]