The following Employment Tax guidance note Produced by Tolley in association with Jim Yuill at The Yuill Consultancy provides comprehensive and up to date tax information covering:
As is the case with income tax, it is not a matter of choice whether an individual is employed or self-employed for NIC purposes. The categorisation position is determined by examining the facts regarding the relationship between the individual and the person for, or to, whom the services are provided.
In the vast majority of cases, it is obvious whether someone is employed or self-employed. However, there may be cases where the position is unclear or where attempts have been made to artificially create a self-employment, thus avoiding the more expensive Class 1 NIC. The Government has made changes to the legislation whereby an individual will be an employee if there is any element of supervision, direction or control. In addition, the IR35 processes in place since 2000 have been strengthened in the public sector (from April 2017) and for large and medium client in the private sector (from 6 April 2021) to ensure that tax and NIC liabilities are not avoided. See the Personal service companies ― overview, Off payroll working (IR35) in the public sector ― overview and Pre
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Income and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax 2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting the foreign tax
Maintenance payments are payments made by a taxpayer to their former or separated spouse for the maintenance of that former spouse or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the payments must be made by virtue
Time for paymentTwo statutory rules apply on death:•tax is ‘due’ six months after the end of the month of death and carries interest from the ‘due’ date until paidThere is a possibility of payment by instalments, but this applies to certain types of property only ― see the ‘Availability of
Duty to prepare trust accountsUnder the laws of England and Wales, trustees have a duty to account to the beneficiaries for their financial administration of the trust fund. This duty is established by a substantial body of case law. In the case of Armitage v Nurse, Millett LJ stated:“Every
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