-
Jan 10, 2025 | 
accountingweb.co.uk | Rebecca Harris
This case concerns a very common practice of deducting the employer national insurance contributions (ER NIC) from the fee before it is given to the individual providing the services. In this case [ET 2302929] the client, the Home Office, engaged a social worker, Michelle Appiah, through a recruitment company Tripod Partners Ltd. Inside IR35 contractorAppiah worked through a PSC as an ‘inside IR35’ contractor. The Home Office paid Tripod gross who then paid Appiah after deductions.
-
Nov 1, 2024 | 
taxjournal.com | Rebecca Harris |Robert Waterson |Duncan Weldon |Ray McCann
Surprisingly umbrella company reform made it into the Budget speech. However the initial optimism soon gave way to shock. In the policy paper 'Tackling non-compliance in the umbrella company market’ the government announced that the responsibility for PAYE where an umbrella company is used in the labour supply chain would change. From April 2026 the responsibility to account for PAYE will shift to the recruitment company.
-
Nov 1, 2024 | 
taxjournal.com | Elizabeth Bradley |Pete Miller |Alan Macpherson |Rebecca Harris
On the stamp duty front the Budget announcements (or lack of them) were unexpected. On the one hand the Chancellor announced a chunky increase to the SDLT surcharge for those buying second homes. That surcharge is rising from 3% to 5% with effect from 31 October 2024. The same increase from 15% to 17% also applies to companies buying residential property for more than £500k from the same date.
-
Nov 1, 2024 | 
taxjournal.com | Pete Miller |Elizabeth Bradley |Alan Macpherson |Rebecca Harris
Although not mentioned in the Budget speech the accompanying documents included a policy paper and draft legislation proposing changes to the EOTs regime. Most of these changes will have an effect for disposals to an employee ownership trust on or after 30 October 2024. The announcement was a bit of a surprise in the sense that there has been a deafening silence on the subject from HMRC since the consultation finished over a year ago.
-
Nov 1, 2024 | 
taxjournal.com | Alan Macpherson |Rebecca Harris |Robert Waterson |Duncan Weldon
Good news. The Chancellor has kept to her word – with no change to the April 2024 pension tax reforms: the two new allowances LSA and LSBDA are still in place there is no return to the Lifetime Allowance no change to the higher Annual Allowance of £60k and no change to the tax relief system or the taxation of the lump sum benefit withdrawal.
-
Oct 30, 2024 | 
accountingweb.co.uk | Rebecca Harris
Finally, the rumours have been laid to rest and we now know that the rate of Employers’ NICs has been increased. Not only that but, the Chancellor has lowered the secondary threshold for when businesses start paying ER NICs. This will increase the amount the Treasury recovers from this measure. The rate will be increased from 13.8% to 15% from 6 April 2025. Employers Class 1 National Insurance Secondary Threshold (ST) will be reduced to £5,000 per year.
-
Oct 2, 2024 | 
taxjournal.com | Johan Barros |Richard Collier |Chris Etherington |Rebecca Harris
In D Hill and another v HMRC [2024] UKFTT 844 (TC) (16 September) the FTT held that reliance on an adviser was not a reasonable excuse for failing to comply with an information notice and penalties were upheld without mitigation. The FTT decided that neither of the appellants took objectively appropriate steps to consider whether it was reasonable to rely on the advisers and the advice provided.
-
Oct 1, 2024 | 
taxjournal.com | Johan Barros |Richard Collier |Chris Etherington |Rebecca Harris
The UK government has halted changes to the interpretation of assimilated case law that otherwise were to have taken effect from 1 October 2024. The Retained EU Law (Revocation and Reform) Act 2023 (Commencement No 2 and Saving Provisions) (Revocation) Regulations SI 2024/976 revoke the Retained EU Law (Revocation and Reform) Act 2023 (Commencement No 2 and Saving Provisions) Regulations SI 2024/714 with effect from 18 September 2024.
-
Sep 30, 2024 | 
taxjournal.com | Johan Barros |Richard Collier |Chris Etherington |Rebecca Harris
Ursula von der Leyen (VDL) was re-elected on 18 July in the European Parliament for a second term as the President of the European Commission. The margin of votes in favour and against was wider than in the first term, handing her a strong victory and mandate despite an even more fragmented Parliament following the June elections. Since then, VDL has not wasted time and announced on 17 September the portfolio allocations for the Commissioner nominees appointed by the EU Member States.
-
Sep 25, 2024 | 
taxjournal.com | Richard Collier |Chris Etherington |Rebecca Harris |Heather Self
Home >Articles > More on the Supreme Court’s decision in PGMOL More on the Supreme Court’s decision in PGMOL 25 September 2024 So, there’s nothing overly new in the Supreme Court’s judgment in HMRC v Professional Game Match Officials [2024] UKSC 29 (as reported in last week’s edition): just clarifications and a ratification of the principles laid down in April 2022 Court of Appeal decision in Atholl House [2022] EWCA Civ 501 (which is perhaps unsurprising, as it’s the same ex-Court of Appeal...
