31 July 2019
The OECD’s deadline for reaching a global consensus on how to update the global tax system to meet the needs of the digital economy is now just five months away. So what is the chance of success?
Insurance Premium Tax is a complex and unusual tax in that while it is the underwriter which is usually the “taxpayer” for IPT purposes, it is generally the broker which bears at least part of the cost of the IPT.
31 July 2019
The RSM Brexit Stress Index moved higher again this week amid continued market volatility on mainland Europe.
31 July 2019
There are new ‘expat tax’ rules which are due to come into force in South Africa next year which could result in South Africans , that are working outside of South Africa, but intending to return home, being exposed to tax in South Africa.
30 July 2019
The number of individuals entering a personal insolvency procedure shows few signs of slowing as the rolling 12-month insolvency continues to rise, representing the highest Quarter 2 figure since 2010.
30 July 2019
Each holiday season HR professionals are asked common questions. Here are the answers to the most frequently asked to help employers to get through the season without getting burnt.
30 July 2019
The legislative changes for off-payroll workers in the private sector will not apply to client end users who are small companies. For those, the current legalisation in Chapter 8 of ITEPA 2003 remains applicable. The size of the company (and in the case of a parent company, the size of the group headed by it) in terms of its turnover, balance sheet total and average number of employees determines whether it is classed as small.
The Government has confirmed that it intends to reform the off-payroll working rules (commonly known as IR35) from 6 April 2020. This change will impact the estimated 20,000 recruitment agencies who provide off-payroll workers via intermediaries, such as personal service companies (PSCs), to medium and large businesses in the private sector and to the public sector.
30 July 2019
The transfer of liability provisions will form part of the new IR35 rules from 6 April 2020. Under the new IR35 rules, the liability for the tax, NIC, and (potentially) Apprenticeship Levy due under PAYE where IR35 applies, will pass down the labour supply chain as each party satisfies its obligations.
HMRC can potentially transfer those liabilities to an agency at the top of the labour supply chain or to the end-client, where there is non-compliance further down the labour supply chain and it is not possible for HMRC to collect the amounts due from the offending party.
30 July 2019
The draft legislation also confirms that end users of services via intermediaries, such as Personal Service Companies (PSC), will be required to make status determinations and pass these to both the worker and the fee payer.
Also, the end user client will be required to set up and lead a status disagreement process, which will increase the administrative burden for businesses.
