The following Employment Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note applies only to pension schemes in England and Wales.
The automatic enrolment regime, established under Pensions Act 2008, Part 1, imposes aduty on employers to make arrangements for the automatic enrolment of all of their eligible jobholders into aqualifying scheme. Employers are also required to contribute to that scheme on behalf of eligible jobholders.
The legislation recognises three categories of worker and treats each category differently. Employers should identify which category each of their workers belongs to, so that they know what they have to do under automatic enrolment in respect of each.
This guidance note describes which of an employer’s workers have to be included in apension scheme under the automatic enrolment rules. For ashorter summary of the key questions in deciding which workers are covered by the automatic enrolment rules, see our interactive flowchart. Alternatively, for astatic pdf version, see the Flowchart ― who needs to be enrolled.
The Pensions Regulator has issued guidance to help employers comply with their duties under the automatic enrolment regime (see the TPR Guidance), including detail on the different categories of worker and how to identify each category.
For more information on automatic enrolment, see the Automatic enrolment ― overview guidance note.
For more information on qualifying schemes, see the Automatic enrolment ― what types of scheme may be used guidance note.
A ‘worker’ is an individual who has entered into, or works under:
a contract of employment
any other contract by which the individual undertakes to do work or perform services personally for another party to the contract (but not if that other party is aclient or customer of business carried on by the individual concerned)
Such acontract is called a‘worker’s contract’.
The definition of ‘worker’ includes individuals who can be classified as ‘agency workers’.
A worker who is the subject of agenuine secondment continues to be employed by the seconding employer,
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
Once a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the taxpayer.CorrectionHMRC has the right to amend the tax
Companies Act 2006 allows a company to repurchase its own issued share capital, provided certain conditions are met. This type of transaction is sometimes referred to as a ‘share buyback’ or a ‘purchase of own shares’.The repurchased shares can either be immediately cancelled, which is typically the
IntroductionTax equalisation is widely used by multi-national companies or group moving employees from one country to another. It is not a statutory concept but is an arrangement between an employer and employee.The idea behind tax equalisation is that an employee accepting an assignment somewhere
What is a quoted company?Reference to a quoted company is usually to a company where the shares in the company are listed on the London Stock Exchange, any other international stock exchange, or on AIM or ICAP Securities and Derivatives Exchange (formerly the PLUS market and now known as ISDX) in