Income Tax

Janet Smith Brown (TC2705)

The life tenant of a trust created by his late wife’s will is a higher-rate taxpayer and wishes to assign the income to his new wife, a basic-rate taxpayer

Benedict Manning (TC2666)

Steven Price, John Myers, James Lucas (TC2703)

A client works for the UK civil service and will be going abroad to serve as a diplomat in China. Diplomats are usually exempt from local taxes on a reciprocal basis, but does this extend to family members as well?

It is important to keep alert to the changes relating to company vehicles

ITV Services Ltd v CRC, Court of Appeal

The trouble with registering a company as an annual PAYE scheme

HMRC have issued a reminder to employers about recording the correct number of hours employees have worked, to ensure they receive the benefits and tax credits to which they are entitled.

Employers should select “D other” only if the worker does not have a regular pattern of employment or the payment relates to an occupational pension or annuity.

Otherwise, the hours worked should be recorded as follows:

Submission by 4 August will cancel penalty notices for employers

HMRC have published the consultation document Simplifying the National Insurance Processes for the Self-Employed, which outlines ways to reduce the burden on self-employed people, focusing specifically on collecting class 2 National Insurance (NI) through self assessment. They are currently collected through a standalone process using six monthly bills or direct debit.

HMRC move to tackle employers’ real-time difficulties