The taxation of ‘Unapproved’ employee share schemes need significant reform according to the Office of Tax Simplification (OTS).
Archived SME tax news
The Low Incomes Tax Reform Group (LITRG) observe that some employers are using travel expenses to top up wage payments for the purposes of the National Minimum Wage (NMW). This practice is incorrect; not only is it unfair on workers it is capable of challenge by HMRC.
Andrew Meeson, director of Tudor Pensions Management and former president of the Association of Taxation Technicians is on trial accused of making returns for two ficticious pensions schemes.
Higher earners who no longer wish to receive child benefit have until 7 January 2013 to apply to HMRC and opt out of receiving their benefit payments.
From April 2013 under measures introduced in the 2013 Finance Act office holders will become within the scope of IR35.
Highlights from the Chancellor George Osborne's Autumn Statement yesterday.
MPs reporting on HMRC’s 2011/12 accounts have called on it to be “more aggressive and assertive in confronting corporate tax avoidance”. The report reveals that MPs are less than confident in HMRC’s ability to deal with big business taxation, together with RTI, tax credits and benefits cheats.
Monday's BBC Panorama programme exposed the problem that affects tax authorities worldwide: nominee directors and offshore companies.
The First Tier Tax Tibunal (FTT) has found that sums paid to beneficiaries of Rangers' £47 million Employee Benefit Trust (EBT) scheme were loans and not employment earnings.