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info@commonwealthcontractors.comNow that MPs expense claims are subject to some scrutiny, they find themselves in the position of ordinary mortals, contractors, small businesspeople, and the self employed, dealing with significant expenses, and having to make tax returns to HMRC. Because the tax laws (passed by MPs) are very complex, many MPs are paying accountants to help […]
Category Archives: UK Tax
David Cameron said that “With employers, as part of Every Business Commits, we will launch a major new campaign to promote payroll giving. That means making it easier for their workers to give money to charity automatically through their pay checks. In America around a third of employees already do this. In the UK it\’s […]
The Director of Risk & Intelligence for the HM Revenue & Customs, Mike Wells, said that “Our aim is to get as much input as possible into our future campaigns so that the views and experience of people and organisations outside the department play a fuller part in what we design for customers. We are […]
The Permanent Secretary of the HM Revenue & Customs, Dave Hartnett, said that “This approach to customers gives them the opportunity to discuss their cases with us and work in partnership to establish how the facts of their case fit within the proposals. If EBT users do not respond by 31 December 2011, HMRC will […]
Announcing the new enforcement measures, Mike Eland, the Director General of Enforcement and Compliance at the HMRC said that \”Building on HMRC\’s successful approach to tackling fraud in the labour provider industry, these teams will make it even harder for fraudsters. We will tackle employers who don\’t play by the rules and the organised crime […]
An Office of Tax Simplification (OTS) spokesperson told the Contractor Tax website Shout99 that “The OTS review of IR35 considered a wide range of options – including abolition. Our report came down in favour of two main options – suspension, with a view to eventual abolition, or making significant improvements in HMRC\’s running of the […]
The Deputy President of the Chartered Institute of Taxation (CIOT), Anthony Thomas, said that “HMRC’s reassurance that this is a ‘test and learn’ pilot where no penalties will be levelled, other than in exceptional circumstances, is welcome. However they should have made this clear to tax advisers, business organisations and, above all, those taxpayers – […]
The Head of Policy at the Recruitment and Employment Confederation (REC) said that \”With a further 15 per cent cut already planned to their budget, it seems highly unlikely that the HM Revenue & Customs will be able to provide the added scrutiny that would be required if IR35 were simply left in its current […]
A spokesperson for the Chartered Institute of Taxation (CIOT) said that “We urge further reflection before the final legislation is introduced. The proposals are moving to taxing the form (involvement of a third party) rather than the substance (reward or loan in connection with the employment) of the arrangement. There are many hard edges which […]
John Philpott, the Chief Economist at the Chartered Institute of Personnel and Development (CIPD) said that “The OBR forecasts have moved closer to the economic outlook for 2011 published by the CIPD following Mr Osborne’s first budget last year, but still look very optimistic for 2012 onward and may well have to be revised further […]