Tags: taxes

PM: ”We’re on the side of the strivers”

The Tories want to do the right thing by hard working people, the Prime Minister David Cameron has said. With this in mind, the Conservatives have made several announcements at their party conference in Birmingham. These include freezing the council tax in England for a third consecutive year, capping rail fare increases, “putting the brakes…

Professional Interims set to be collateral damage in ill thought out government proposals

The Government’s latest proposals suggesting that ‘controlling persons’ have income tax and national insurance deducted at source – i.e. that they be taxed as an employee – even if they are working through a personal services company – will have a hugely detrimental effect on the professional flexible staffing sector. That’s the message from The…

New anti tax avoidance measures mustn’t allow the taxman to pick and choose

Anti tax avoidance measures must be balanced and not introduce unnecessary uncertainty according to the Law Society. The Society has also called for any general anti avoidance rule (GAAR) to be accompanied by safeguards as recommended in a treasury-commissioned report published today. The Society believes any GAAR should guard against unacceptable levels of HMRC discretion.…

Will Government be spooked by security failure that could cost taxpayers millions?

A report from the University of Buckingham Centre for Security and Intelligence Studies and PCG, the professional association representing freelancers, has highlighted a serious market failure around the process of recruiting workers for security cleared Government roles. At a time when Government spending is under intense pressure the report highlights a non-competitive market that leaves…

Iain Mcmath: Give Dads the gift of tax savings this father’s day

Managers and employers should offer childcare vouchers to working dads this father’s day. Contrary to popular belief it is not only working mothers, but working fathers who can benefit from the tax benefits that childcare vouchers bring when paying for childcare. While children will be pondering the best present that they can give to dad…

Jeanette Makings: Pension tax relief – do employees know where they stand?

In recent times, the government’s stated aim of making the pensions system fairer and simpler for all has meant that employers and their workforce need to understand the new regulations.. We recently carried out research to find out what employees understand about the changes and discovered that, while the government’s end goal is to make…

Caroline Essex: Changes to employment law in April 2011

This April there was a wide range of changes due to be introduced in employment law.  However, not all of the changes originally proposed for implementation this April will in fact be coming into force.  So, what is and what isn’t happening this April? What’s not coming into force? The Bribery Act 2010 will now…

Government confirms scrapping of tax relief on EAPs

The Chancellor’s budget announcement that tax relief on employee assistance programmes (EAPs) will be scrapped has been criticised by the industry’s professional body. The UK Employee Assistance Professionals Association (EAPA) said it was “very disappointed” that the government had decided to categorise the schemes as an employee benefit, and therefore exempt from tax relief. “Although…

Assistance programmes may lose tax-exempt status

Employers may soon find it more expensive to provide Employee Assistance Programmes (EAPs) after government advisors recommended they are stripped of tax relief. Presenting a report to the Chancellor on the tax treatment of various benefits, the Office for Tax Simplification said that while other benefits such as childcare and cycle-to-work schemes should remain tax…

Majority of workers are unaware of changes to pensions tax relief

Almost eight out of 10 people (77%) don’t know about Government changes to tax relief that will reduce the maximum amount a person can contribute to their own pension, a survey by Close Asset Management Limited has found. From April 2011, the annual allowance for tax-privileged pension saving will be reduced from £255,000 to £50,000.…