The following Employment Tax guidance note Produced by Tolley in association with Vince Ashall provides comprehensive and up to date tax information covering:
Payroll e-filing is compulsory for virtually all employers. This is the case for both in-year and year-end filing. Most of the in-year and year-end filing requirements have now been overtaken by the introduction of real time information (RTI). See the Monthly compliance, Annual compliance and Real time information guidance notes.
Employers exempted from electronic filing are those who are:
a practising member of a religious society or order whose beliefs are incompatible with the use of electronic communications
‘care and support’ employers ― these are employers who employ someone to provide domestic or personal services at or from the employer’s home
HMRC will also consi
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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
Expenditure of a capital nature is not allowed as a deduction when calculating trading profits. Expenditure of a revenue nature is allowable, provided there is no specific statutory rule prohibiting a deduction and the expenditure also satisfies the wholly and exclusively test. See the Wholly and
Why is this important?Tax-free amountEach individual, whether or not they are resident in the UK, is entitled to an annual exempt amount when calculating the taxable amount of their chargeable gains for the tax year (although see the exceptions below). The annual exempt amount is also known as the
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