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Opera (OpRA) is not just for music lovers, it is for employers as well

25 May 2018

From 6 April 2017, the Optional Remuneration Arrangement (OpRA) rules apply when an employee or company director gives up the right to an amount of earnings in return for a benefit. When the rules apply, the value of the benefit for tax and Class 1A National Insurance Contributions (an employer’s cost) purposes is the greater of the cash earnings given up and the adjusted value of the benefit in kind.

HMRC showing renewed interest in the salaried members rules
Mark Waddilove

23 May 2018

Have you recently received a letter from HMRC in relation to the salaried member legislation? These letters have been sent to remind LLPs and their members that they must operate PAYE on the partners’ remuneration if they fall within the anti-avoidance legislation.

Update on termination payments - HMRC finally publishes guidance

18 May 2018

In March we reported changes to the tax and NIC treatment of termination payments, highlighting that HMRC had still not issued updating guidance. On 6 April 2018, the day which a number of the rule changes became effective, HMRC finally updated its guidance to take account of the new rules.

Is your short-term business visitors report due?

18 May 2018

It’s quite common for overseas directors of UK companies to visit the UK for short term business trips. However, the tax and NIC requirements that are triggered under PAYE by these visits are often overlooked.

P60 deadline: 31 May 2018

18 May 2018

The P60 deadline is fast approaching on the 31 May. Read more for a reminder on who needs to receive a P60.

GDPR – it’s the final countdown!

18 May 2018

With less than a week until GDPR is upon us, here are some key steps that HR needs to take now towards its GDPR compliance in relation to workforce data.

Are tougher sanctions for NMW breaches and HMRC enforcement of holiday pay on the horizon?

18 May 2018

The Director of Labour Market Enforcement has released his strategy for tackling worker exploitation in the UK, which follows hot on the heels of the Taylor Review and the resulting consultations. Read more to find out about Sir David Metclafe's suggestions for enforcing NMW and holiday pay compliance.

Corporate interest restriction - impact on UK groups

18 May 2018

The corporate interest restriction (CIR) rules, which are effective from 1 April 2017, introduce complex new restrictions in relation to the tax deductibility of interest and other financing costs.

Tax voice - May 2018

18 May 2018

Welcome to May's edition of tax voice, a monthly round-up of the most important tax news.

How good is your tax risk governance evidence?

18 May 2018

The outcomes from HMRC’s recent consultation on its Business Risk Review (BRR) process should enable large businesses to positively influence their risk rating, providing they have the evidence to support robust tax risk management processes.