HMRC have recently issued an update of their guidance with regard to ‘off-payroll working in the public sector’ (OPWPS). The latest information explains in more detail how workers who are deemed to be employees should be taxed.
A recent tax tribunal case (Noel Payne vs HMRC) has concluded that a VW Kombi vehicle should be considered a car, not a van, for benefit in kind purposes.
Whether you are donating money online, contributing items to a charity shop or leaving a gift in your Will, giving to charity attracts a series of tax..
The explicit threat is that HMRC are obtaining increasing amounts of data about card transactions and will inevitably catch up with those who are not reflecting all of their income in their returns.
In recent years, it has become more and more complicated to obtain SA302s and the whole procedure has been fraught with difficulty.
These letters are sent to taxpayers using language which, at a first read, sounds as though HMRC have discovered something untoward and as though the taxpayer is now compelled to do certain things at HMRC’s instruction.
A tribunal recently saw the executors of a deceased taxpayer pursue a claim for Business Property Relief in respect of a Furnished Holiday Letting business.
The Government’s review of modern working practices, led by Matthew Taylor, was published earlier this month. One of the main recommendations was to re-designate ‘workers’ as ‘dependent contractors’.
The government has today revealed that the missing legislation will be brought back in a new Finance Bill to be introduced as soon as possible after the summer recess.
There have been a number of triggers for this including the now notorious ‘Panama Papers’ – but another notable example has been the BBC Panorama allegations concerning HSBC’s private client team.