Employment Tax

Review of HMRC agreed bespoke rates for expenses

Produced by Tolley in association with Vince Ashall
  • 18 Oct 2021 13:24

The following Employment Tax guidance note Produced by Tolley in association with Vince Ashall provides comprehensive and up to date tax information covering:

  • Review of HMRC agreed bespoke rates for expenses
  • Revoking bespoke agreements

Review of HMRC agreed bespoke rates for expenses

Once an agreement for bespoke rates has been granted, HMRC may review the basis on which expenses are monitored at a later date. This may be part of a general employer compliance check or as part of a specific review covering expenses.

The form and regularity of the checks required by HMRC will depend on factors such as:

  1. the outcome of previous compliance checks, including cases where the employer has failed to manage an expenses regime effectively in the past

  2. the employer’s CRM risk rating (if the employer is a large company)

  3. the size and complexity of the workforce

  4. uncertainty about whether employees will qualify for relief. For example, where the temporary workplace rules apply (see the Travel expenses guidance note), employees may qualify for relief at different times

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

Think Tax.
Think Tolley.

Critical, comprehensive and up-to-date tax information

LEARN MORE LEARN MORE

Popular Articles

Using the spouse exemption

Arguably, the most important exemption from IHT is the married couple / civil partner exemption.There is no IHT to pay on gifts from husband to wife and vice versa, or from one civil partner to the other (referred to collectively in this note as ‘spouses’). The exemption applies to inter-spouse

19 Oct 2021 23:13 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

What is input tax?

This guidance note provides an overview of what conditions need to be met before a business is entitled to treat VAT incurred as input tax. This note should be read in conjunction with the other notes in the ‘Claiming input tax’ subtopic. For a flowchart outlining the procedure for claiming input

19 Oct 2021 22:57 | Produced by Tolley Read more Read more

Exemption ― supplies of stamps and philatelic items

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s

28 Oct 2021 11:21 | Produced by Tolley Read more Read more