PM writes to crown dependencies; Monitoring schemes for vulnerable persons; Employment-related shares; NI numbers without suffixes; Junior ISAs; Guidance corrections
PM writes to crown dependencies
The Prime Minister has written to the leaders of crown dependencies and overseas territories, urging them to go beyond mere information exchange in tackling tax evasion and aggressive avoidance and establish centralised registries to ensure transparency of ownership and control of companies established within their jurisdiction.
Monitoring schemes for vulnerable persons
The Income Tax (Monitoring Schemes Relating to Vulnerable Persons) Order, SI 2013/1133, introduces an exemption from income tax, with effect from 10 June 2013, for any benefit arising on an employee where the employer pays or reimburses fees for the new disclosure and barring scheme update service.
Employment-related shares
HMRC has issued Employment-Related Shares & Securities Bulletin No 8, which includes an early outline of plans for self-certification of employee share schemes and online filing for all share scheme forms, expected to start from April 2014.
PAYE: NI numbers without suffixes
In response to some NI number verification requests and full payment submissions with missing or incorrect NI numbers, HMRC has issued a number of NI numbers without the final letter of the number. HMRC has advised what actions employers can take in these circumstances.
Junior ISAs
As announced at Budget 2013, the government is consulting on changing the law to allow transfers of savings from child trust fund accounts into junior ISAs. Comments are invited until 6 August 2013.
Guidance corrections
HMRC has issued a correction to the information on childcare vouchers within the P9D/P11D chart on p 67 of the Employer Further Guide to PAYE and NICs – CWG2.
PM writes to crown dependencies; Monitoring schemes for vulnerable persons; Employment-related shares; NI numbers without suffixes; Junior ISAs; Guidance corrections
PM writes to crown dependencies
The Prime Minister has written to the leaders of crown dependencies and overseas territories, urging them to go beyond mere information exchange in tackling tax evasion and aggressive avoidance and establish centralised registries to ensure transparency of ownership and control of companies established within their jurisdiction.
Monitoring schemes for vulnerable persons
The Income Tax (Monitoring Schemes Relating to Vulnerable Persons) Order, SI 2013/1133, introduces an exemption from income tax, with effect from 10 June 2013, for any benefit arising on an employee where the employer pays or reimburses fees for the new disclosure and barring scheme update service.
Employment-related shares
HMRC has issued Employment-Related Shares & Securities Bulletin No 8, which includes an early outline of plans for self-certification of employee share schemes and online filing for all share scheme forms, expected to start from April 2014.
PAYE: NI numbers without suffixes
In response to some NI number verification requests and full payment submissions with missing or incorrect NI numbers, HMRC has issued a number of NI numbers without the final letter of the number. HMRC has advised what actions employers can take in these circumstances.
Junior ISAs
As announced at Budget 2013, the government is consulting on changing the law to allow transfers of savings from child trust fund accounts into junior ISAs. Comments are invited until 6 August 2013.
Guidance corrections
HMRC has issued a correction to the information on childcare vouchers within the P9D/P11D chart on p 67 of the Employer Further Guide to PAYE and NICs – CWG2.
