Tax

Tax guidance:

This Practice Note sets out the details of the apprenticeship levy, which is payable by certain employers from 6 April 2017. The levy is charged at a rate of 0.5% of an...

Practice Note

An apprenticeship levy on employers in the UK, first announced in the Summer Budget 2015, came into force on 6 April 2017, set at a rate of 0.5% of an employer’s pay...

Practice Note

HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax and national insurance contributions (NICs) deducted...

Practice Note

It is important to appreciate that, although HM Revenue and Customs (HMRC) takes a similar approach to the employment tribunals in determining employment status, they may...

Practice Note

When employees are transferred along with the business in which they work pursuant to the Transfer of Undertakings (Protection of Employment) (TUPE) Regulations 2006, SI...

Practice Note

Specific rules in the benefits code in ITEPA 2003, Part 3 apply to 'employment-related loans' and, in certain circumstances, impose income tax and NICs charges on...

Practice Note

Various income tax and national insurance contributions (NICs) charges can arise for an employee or director in relation to the acquisition, ownership or disposal of...

Practice Note

In addition to salary and other pay-related items such as overtime and bonuses, many employers will reimburse employees for work-related expenses and provide benefits for...

Practice Note

Annual allowance The annual allowance is the maximum amount by which the value of an individual’s pension savings across all the registered pension schemes...

Practice Note

Prior to 6 April 2018, an exemption from income tax could apply to termination payments where the employee worked all or part of the employment period overseas (which the...

Practice Note

The UK has a comprehensive code for the taxation of employment income. This Practice Note deals with the basic principles of income tax on employment income and how they...

Practice Note

In addition to cash earnings, such as wages or salaries, many reward packages include non-cash items, such as the provision of a car, health insurance or childcare. An...

Practice Note

From 6 April 2017, the income tax and National Insurance contributions (NICs) advantages where benefits in kind are provided through salary sacrifice arrangements...

Practice Note

This Practice Note explains how the deemed employment payment is calculated for income tax purposes, and the attributable earnings are calculated for National Insurance...

Practice Note

FORTHCOMING CHANGE: On 18 May 2018, HMRC published a consultation which looks at how best to tackle non-compliance with IR35 in the private sector. For more information...

Practice Note

FORTHCOMING CHANGE: With effect from 6 April 2020, the special rules applying IR35 to off-payroll workers in the public sector are being extended to such workers when...

Practice Note

FORTHCOMING CHANGE: on 18 May 2018, HMRC published a consultation which looked at how best to tackle non-compliance with IR35 in the private sector. For more information...

Practice Note

FORTHCOMING CHANGE: on 18 May 2018, HMRC published a consultation. For more information on the consultation, see News Analysis: Off-payroll working consultation to tackle...

Practice Note

What are managed service companies? Many individual workers supply their services to clients, not directly as a self-employed person, but via an intermediary (often a...

Practice Note

Where the managed service company legislation applies, the managed service company (MSC) is treated as making to the worker, and the worker is treated as receiving, a...

Practice Note

This Practice Note focuses on the different forms of tax relief (whether income tax relief, national insurance contribution relief or corporate tax relief) available in...

Practice Note

Certain categories of benefits are not liable to income tax. The most significant of these are payments into pension funds (see Practice Note: Pensions—general...

Practice Note

Some payments made on the termination of an employment or office can be paid tax free. Some of these exemptions are often overlooked in practice. The termination payment...

Practice Note

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law. A-Day The registered pension scheme...

Practice Note

FORTHCOMING CHANGE: on 18 May 2018, HMRC published a consultation which looks at how best to tackle non-compliance with IR35 in the private sector. For more information...

Practice Note

FORTHCOMING CHANGE: On 18 May 2018, HMRC published a consultation which looks at how best to tackle non-compliance with IR35 in the private sector. The...

Practice Note

What is salary sacrifice? Salary sacrifice (also known as ‘salary exchange’) is an arrangement in which an employee agrees to contractually reduce their entitlement to...

Practice Note

The single tier State Pension (on and from 6 April 2016) The Basic State Pension was reformed, with effect from 6 April 2016, into a single-tier flat rate pension which...

Practice Note

Salary sacrifice (also known as ‘salary exchange’) is an arrangement in which an employee agrees to contractually reduce their entitlement to cash remuneration in...

Practice Note

Companies sometimes provide directors or employees with low interest (or interest-free) loans as part of the reward package or on specific occasions to help the...

Practice Note