HMRC have published a consultation on tax-free childcare for working families and additional assistance with childcare for parents through universal credit. Under the scheme to be administered by the Revenue, the government will provide 20% of working families’ childcare costs, subject to an annual limit of £1,200 for each child.
Parents will register with a voucher provider and open an online account. The government will then top up payments into this account at a rate of 20p for every 80p that families pay in, subject to the above limit.
Claygold Property Ltd (TC2717)
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
Download the exclusive Xero
free report here.
