At a glance
What is the optimal monthly or weekly salary that can be paid by an employer without incurring a liability for employer or employee National Insurance Contributions (NICs)?
SME Tax News
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2017.
HMRC have introduced a new online service for appealing against late filing penalties for 2015/16 tax returns.
From 24 April 2017 the existing Scottish Tax Tribunals have been reorganised.
HMRC have issued their Agent Update for February / March 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.
Extra-statutory concessions (ESCs) covering input VAT prior to insolvency, non-resident trusts and inheritance tax on woodlands will be enacted into legislation from 6 April 2017.
The ICAEW have published Tax Representation 15/17 ‘Workers’ Services provided to public sector through intermediaries’. It highlights a number of concerns with the proposed changes for Personal Service Companies (PSCs) working in the public sector, and suggests that they be postponed until 2018.
HMRC have published their Employer Bulletin for February 2017. We summarise the key content for you, with links to our detailed guidance on the topics covered.
In M Najib & Sons Limited v HMRC [2017] TC5641 the First-Tier Tribunal (FTT) agreed with HMRC that mileage payments for commuting and health insurance payments were earnings and subject to Class 1 NIC despite later repayment by the Directors.
In Richard Thomas v HMRC [2016] UKFTT 0735 the First Tier Tribunal (FTT) allowed the taxpayer to make late Class 2 NIC payments and carry them back to earlier years.