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). […]
Opportunity to pause settlement of open OPW compliance checks
[ad_1] HMRC adopts a pragmatic approach of offering deemed employers the ability to pause settlement pending a potential change in legislation. 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 […]