Hello,

This week we take a closer look at the tax incentives provided to help us reduce our CO2 emissions. HMRC has a new Employer Bulletin, tax film schemes reach the Court of Appeal, and our tax conference tickets go on sale.

Hello,

If you have been confused by the 'off-payroll working' rules then do not fret, it appears, from their newly published accounts, that neither the Home Office nor the Department of Work & Pensions got the hang of them either.

The Department for Work and Pensions (DWP) and Home Office 2020-21 accounts reveal that their failure to test employment status of workers and to apply the public sector Off-Payroll Working rules cost them £117m. HM Revenue & Customs (HMRC) also charged the Home Office a 4million penalty for error. This was later suspended.

HMRC have released notes from their Wealthy External Forum conference call which covered the conclusions to their research into the use of Family Investment Companies. The research was undertaken with a view to better supporting taxpayers understand and comply with their tax obligations.

Hello,

This week we briefly stray away from tax to summarise the government’s five-year review of the Women in Finance Charter as it’s such an important topic. Although more women are being employed at the executive and board level than in 2016, with an average 50% increase, the review estimates that it is still going to take until 2033 for financial services to achieve gender parity. On the government’s timetable, we will all be driving electric cars before there is a gender balance in financial institutions.