EXPENSES - 08.07.2024
Benchmark subsistence rates - are they worth it?
As an employer you don’t want to waste valuable time on avoidable admin tasks such as processing scores of expenses claims for employees’ subsistence claims. Might benchmark rates be a viable alternative?
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NATIONAL INSURANCE - 08.07.2024
HMRC unable to solve Class 2 NI problem
Class 2 refunds. HMRC has issued a warning for anyone who paid voluntary Class 2 NI contributions through their 2022/23 self-assessment and has subsequently received a refund or credit from HMRC. This may have happened if you submitted your 2022/23 tax return before 31 January 2024. You would have paid Class 2 voluntary contributions if your business profit for 2022/23 was less than the small profits threshold of £6,725, and you indicated you wanted to pay them in the self-employed pages of your tax return. ...
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CHILDREN - STATE BENEFITS - 08.07.2024
Help with childcare for working parents
As a working parent you probably struggle to balance the needs of your job with those of your children, especially during the long summer holiday. This also poses a problem for employers. How can government childcare schemes help?
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CHILD BENEFIT - 08.07.2024
Extend your child benefit claim
Letters from HMRC. In July HMRC is writing to nearly 1.5 million parents reminding them that child benefit will automatically stop on 31 August for any of their children who have reached 16 by that date. However, the benefit can be extended if your child continues in full-time education where you renew your claim. The easiest way to do this is on the GOV.UK site or through HMRC’s app, which can be downloaded for Android and Apple devices. Alternatively, you can renew your claim by writing to or phoning HMRC (see The next step ). ...
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TAX CASES - 19.06.2024
Was director’s loan correctly written off?
Plumpton v HMRC. Mr Plumpton (P) was a director and shareholder in a close company. His director’s loan account (DLA) had been overdrawn and the company had paid the s.455 charge accordingly. The company later submitted a claim to recover this on the basis that the outstanding amount had been written off in 2013/14. The write-off was not mentioned in his personal tax return, so HMRC issued an assessment and added a penalty for a careless inaccuracy. P appealed. ...
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IR35 - 24.06.2024
TV presenter’s employment status battle continues
The Upper Tribunal (UT) recently had to decide if a previous tribunal had erred in ruling that Adrian Chiles’ contracts as a TV presenter were outside IR35. What was the outcome and the key factors involved?
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