Employee Benefits Trusts

12
Jul

Employer Bulletin – latest guidance

  Employer Bulletin – latest guidance HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme GDPR fees contractors operating CIS – new VAT reverse charge on building and construction

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3
Jul

Trust Taxation

  Trust Taxation We are still awaiting the promised consultation on trust taxation announced in the Autumn 2017 Budget. However, in the meantime HMRC have updated their guidance on how different types of trust income are taxed, what management expenses and reliefs can be deducted, and understanding the tax pool. Please contact us if you are considering setting up a

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3
Jul

What is the 2019 loan charge?

  What is the 2019 loan charge? This is a tax charge on any outstanding loans that exist as a result of a disguised remuneration tax avoidance scheme. It applies to any loans that were taken out under a disguised remuneration scheme since 6 April 1999. The most common schemes were Employee Funded Retirement Benefit Schemes (EFRBS) and Employee Benefit

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3
Jul

Notify HMRC of Employee Benefits Trusts and similar loans by 30 September

  NOTIFY HMRC OF EMPLOYEE BENEFITS TRUSTS AND SIMILAR LOANS BY 30 SEPTEMBER  HMRC have published revised guidance on settling tax liabilities in relation to the use of disguised remuneration schemes involving Employee Benefit Trusts (EBTs) and similar arrangements. In order to settle on preferential terms before the outstanding loan charge arises on 5 April 2019, taxpayers must register with

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