As we move through 2019, there are a number of employment law decisions in the pipeline which could significantly impact employers and their bottom line, with a cross over into the employment taxes and payroll arena.
In the vast majority of businesses, employees will incur business costs themselves that they go on to claim back from their employer via an expense claim process. Whether the reimbursement is liable for income tax and National Insurance (NIC) should be considered prior to paying the sum to the individual to ensure the correct treatment is applied and that the business does not suffer penalties or HMRC review as a result of the incorrect treatment being used.
The Gender Pay Gap was a topic we heard plenty about in 2018 when over 10,500 companies publicly reported their figures for the first time. Whilst there were many facts found in these reports, overall they showed that, on average, a woman in the UK today is most likely working at a company which pays men more than women.
AAB’s Training Team have developed a course providing an overview of the direct and indirect tax considerations when trading overseas. The course will highlight opportunities and value adding actions as well as identify any traps and pitfalls when operating overseas. The course will cover the undernoted matters:
Budget 2018 delivered by Chancellor Philip Hammond confirmed some significant changes to the taxation of property disposals by individuals. In essence, there will be additional reporting requirements out with the usual Self Assessment tax return and further restrictions are to be imposed on the availability of Capital Gains Tax (CGT) reliefs. A summary of the proposals are below.