The Association of Taxation Technicians (ATT) has expressed serious concerns about the £5,000 dividend allowance, announced in the Summer Budget.
How dividends are taxed in 2016/17
After over a month of confusion following the Summer Budget as to how the government's new proposals for dividend taxation from 2016/17 will work, HMRC has now published a Dividend Allowance Factsheet with more detail and illustrative examples.
ERS online filing: latest news
HMRC have made another announcement about the Employment Related Securities (ERS) Online service, as follows:
Employee Benefit Trusts (EBTs): last chance to settle with HMRC (now closed)
Time is running out for employers to use HMRC's Employee Benefit Trust (EBT) Settlement Opportunity (EBTSO). It ends on 31 July 2015. Advisers and their client need to act quickly and consider the consequences of not settling their liabilities now.
Confusion over new tax on dividends
There is widespread confusion about how the chancellor's proposed changes to the taxation in dividends will work from 2016/17.
Child credit confusion
The Low Incomes Tax Reform Group (LITRG) is calling on HMRC to clear up confusion over future levels of child tax credit thresholds. LITRG have conveyed these concerns in the following statement issued after last week's budget:
Page 166 of 178