The following Employment Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
Many employees are provided with a computer or laptop in order to perform their duties as an employee. In the vast majority of circumstances, this will not give rise to a benefit and so there will be no reporting requirements.
This note covers the circumstances where the computer or laptop remains the property of the employer, and the employee uses it during their employment and is required to return it at the end of their employment. If the computer or laptop is owned by the employee, please refer to the Assets ― bought, sold or given guidance note.
Where an employer provides an employee with a computer or laptop solely for business purposes, there is an exemption from tax and NIC and no reporting consequences if the following criteria are met:
there is a business need for the employee to be provided with the computer or laptop and it is key to the
**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
Why is this important?In order to get a full basic state pension, an individual must have paid sufficient national insurance contributions (NIC) for a minimum number of qualifying years in their working life. As NIC cannot be paid in the tax year before the individual reaches the age of 16, or in a
This guidance note explains how to calculate the amount of tax that arises under the lifetime charge. In general terms the lifetime charge will apply to individuals who transfer property into a trust that is subject to the relevant property regime. See the Chargeable transfers and Occasions of
The reform of corporate losses within Finance (No 2) Act 2017 included a mixture of relaxations to the use of losses within the previous regime which applied before 1 April 2017 and also a major restriction (50% for most companies) on the amount of profits after 1 April 2017 that can be covered by
This guidance note covers measures in place to allow taxpayers to defer VAT payments as a result of pressures faced due to the coronavirus pandemic.For an overview of the impact of coronavirus on VAT more broadly, see the Coronavirus (COVID-19) and VAT ― overview guidance note.See also the CIOT