April 2022 A surprising amount of political pressure has been applied to the Organisation for Economic Development (OECD) to get the world to agree to a 15% minimum tax rate. Once thought by many as an impossible task, it now looks like it’s going to happen, and surprisingly soon.
Proposals for changes to the UK’s R&D tax regime are getting airtime – why is this? What are these proposals and are there alternatives that should be considered by policymakers? We provide you with an update on this topical issue.
The National Minimum and National Living Wage (collectively referred to as “NMW”) rates are increasing from 1 April 2022.
With an increasing focus on tax transparency, it is critical that businesses be seen to be acting on the front foot to avoid unwanted scrutiny and the financial penalties that can come with it.
30 November 2021 Following the public consultation on transfer pricing documentation, the government has decided that it will legislate to require the largest businesses to maintain a master file and local file, and a supporting summary audit trail, to take effect from April 2023. The government will not introduce an International Dealing Schedule but will keep this policy area under...
As announced in the 2018 Budget, the UK government implemented a tax on plastic packaging on 1 April 2022. This is part of a targeted plan to move away from waste that is bound for landfill or incineration.
Unreimbursed work-related expenses incurred at the choice of a worker will now reduce their pay for National Minimum Wage (NMW) purposes, following the impact of a recent decision made by the Employment Appeal Tribunal.
The Follower Notice regime refers to a notice issued by HMRC to taxpayers who took part in avoidance schemes that have been determined by previous court rulings to be ineffective, the validity of these notices has come into question following a recent court case.
Most Favoured Nation (“MFN”) provisions generally exist to prevent countries from discriminating against other countries through the use of clauses in free trade agreements and double tax treaties.
With over 200 changes to HMRC’s guidance and numerous Coronavirus Job Retention Scheme (CJRS) Treasury Directions published, navigating compliantly through the maze of the CJRS has not been easy.
With the 2020/21 tax year now over, employers should consider if they have any reporting requirements in respect of Benefits in Kind (“BIK”), expenses or Employment Related Securities.
Key ways businesses can manage risk and enhance employee engagement in 2021/22, including home working, travel, and training recommendations.
Tax Governance is a “hot topic”, but what does it actually mean? Is it a topic of only passing interest or is it of significant importance here to stay?
Download our Tax Calendar to remain compliant with employment tax in the new financial year.
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