Newsletter - Winter 2014

The newsletter covers a number of topical issues including the introduction of various changes to the PAYE compliance system. It is important to ensure RTI submissions and payment of liabilities, are made on time every time to avoid interest and penalties. We also report on the latest measures being introduced to minimise employee sickness absence with the roll out of 'Fit for Work' the new Health and Work Service.

HMRC are proposing new rules on the Direct Recovery of Debts (DRD). We look at the circumstances when this option would be used and the important safeguards which apply to address the concerns about this new approach to debt collection.

With businesses now in receipt of compensation on mis-sold interest rate hedging products we consider HMRC's advice on the correct tax treatment of the compensation. We also look at the latest HMRC voluntary disclosure campaigns.

We also review the rules for claiming allowances on fixtures and the pitfalls for the unwary which could mean losing out on substantial allowances.

We also report on a number of topical tax cases including one which ruled against the expenses claimed by a self-employed individual who 'worked from home'. The case illustrates that it is important to review travel and subsistence claims. We also look at a case where a claim for the generous capital gains tax entrepreneurs' relief was challenged as the claimant was no longer on the payroll. As the cases demonstrate attention to detail is key.

Please contact us if you have any questions regarding any of the articles we have included in our newsletter or if you would like further information on a topic we haven't covered. Your views are always important to us and we would welcome your feedback.

140 million work days lost!
Don't get in a fix
Entrepreneurs' Relief (ER) - are you an employee?
Incorporation and Capitalisation of Goodwill
Judge DRDed
Let's fly away
New Face - Peter Morris
RTI penalties on the horizon
Tax and the mis-selling saga
The campaigns continue

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