OPW offset rules to be introduced from April 2024
[ad_1] The Autumn Statement confirms a welcome new power to offset tax following a correction to an employment status determination. Currently, when HMRC finds that a client has made a mistake in applying the off-payroll working rules, the deemed employer is assessed for income tax, national insurance contributions (NIC) and the apprenticeship levy (where relevant). […]
Business rates modernisation bill introduced to Parliament
[ad_1] ICAEW’s Tax Faculty summarises the key changes contained in the bill. The Non-Domestic Rating Bill was introduced to the House of Commons on 29 March 2023. It gives effect to conclusions reached in the Business Rates Review completed in 2022. The key measures in the bill include: Shortening the business rates revaluation cycle The […]