Payroll and rewards updates from ICAEW
[ad_1] ICAEW’s Tax Faculty has published a TAXguide on PAYE rates, thresholds and allowances, and produced a webinar on recent changes in employment taxes and related areas. The Tax Faculty’s latest webinar is available to watch on demand. The webinar gives an update on recent and forthcoming changes to payroll, rewards and employment taxes in […]
ICAEW gives five reasons to use the HMRC app
[ad_1] Join the 1.2m people a month using HMRC’s app to get tax information, stay up to date with tax payments and more. ICAEW’s Tax Faculty is urging individual taxpayers to download HMRC’s app. The app, which can be downloaded at the App Store or Google Play, is growing in popularity and was opened over […]
ICAEW reminds employers of minimum wage increases
[ad_1] The rates of the minimum wage will increase from 1 April 2024, and the national living wage is extended to younger employees. The national minimum wage (NMW) is the minimum amount per hour workers are entitled to be paid by law. Different rates apply depending on the category of the worker. The headline rate […]
Cryptoassets: new ICAEW guidance and government consultation
[ad_1] ICAEW’s Tax Faculty has published two TAXguides on the taxation of cryptocurrency. The government is consulting on the implementation of the Cryptoasset Reporting Framework. Cryptocurrency is a form of cryptoasset that makes use of a distributed ledger technology called blockchain. There are no specific UK tax rules for cryptocurrency, so existing provisions are applied to […]
ICAEW suggests changes to offsetting off-payroll working rules
[ad_1] A single determination of tax and NIC would simplify the offsetting process. The deemed employer should have the right to appeal against a determination. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add […]
ICAEW calls on the next government to simplify tax system
[ad_1] ICAEW recommends the publication of a tax simplification roadmap and investment in HMRC to improve performance and digital services. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an […]
ICAEW writes to the Financial Secretary to the Treasury
[ad_1] Tax Faculty supplements ICAEW’s Spring Budget 2024 representations by writing to government on HMRC service performance and VAT simplification. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an […]
ICAEW responds to latest MTD ITSA consultation
[ad_1] Amendments to the regulations and notices for making tax digital income tax self assessment (MTD ITSA) need to be set in the context of wider concerns about the programme. ICAEW’s Tax Faculty has responded to HMRC’s consultation on draft regulations for MTD ITSA and associated notices in ICAEW REP 08/24. As the current MTD ITSA […]
ICAEW briefs MPs on key clauses ahead of Finance Bill debates
[ad_1] MPs are scheduled to start debating Finance Bill 2023-24 on 10 January. ICAEW has produced briefings on R&D, pensions, provision of additional data and promoters of tax avoidance. ICAEW’s Tax Faculty has prepared briefings for MPs on Finance Bill 2023-24 clauses covering: the new R&D regime (cl2 and Sch 1 – see ICAEW REP […]
Car allowances and NIC | ICAEW
[ad_1] HMRC updates its approach on the national insurance contributions (NIC) disregard for relevant motoring expenditure following Upper Tribunal decision. HMRC has published articles in Employer Bulletin and Agent Update following the Upper Tribunal decision in Laing O’Rourke and Wilmott Dixon. The crux of that decision is that where an employer pays a fixed sum […]