90 posts categorised "HRS - Employment tax"

26 April 2016

Now is a good time to give your salary sacrifice schemes a health check

By Caroline Jones Most employers offer one or more salary sacrifice arrangement, but few have revisited these since implementation. The introduction of the National Living Wage (‘NLW’) could mean that a number of employees will no longer be able to participate in existing salary sacrifice arrangements such as cycle to...

21 April 2016

HMRC increases scrutiny of employment taxes in the Higher Education sector

By Martine Bach On a national and international level the tax risk landscape is changing for all organisations. New regulatory requirements plus increased employer obligations place a growing emphasis on organisations to monitor, report and do everything on a ‘real time’ basis. These changes are as relevant to the Higher...

17 November 2015

EVENT: Pay, Performance and Risk Seminar

Date: Thursday 10 December Venue: PwC East Midlands, Donington Court, Pegasus Business Park, Castle Donington, DE74 2UZ Time: 8:15am – 10:00am The Autumn Statement and ongoing Office of Tax Simplification consultations are likely to result in further announcements for the world of Pay, Performance and Risk. Many businesses are expressing...

22 October 2015

Pension tax changes - understanding what employers are doing

It is now just over 3 months since the changes to pensions taxation were announced in the Summer Budget 2015 and just under 6 months until they take effect. These changes will have far-reaching consequences for employers, mid to high earners and those with substantial levels of pension savings. Employers...

17 September 2015

Update on the government’s gender pay gap reporting consultation - results of PwC Legal’s client survey

Gender pay gap reporting consultation Earlier this year, the government announced plans to introduce regulations on mandatory gender pay gap reporting. These regulations will require companies with 250 or more employees to carry out equal pay reviews and publish details of their gender pay gaps. The government launched a consultation...

10 September 2015

Employees making an exit: Could this scupper your deal?

By James Yeoward Jumping through hoops Management teams all too often think they are complying with consultation procedures but, apart from the basic requirements, there are many more hoops that a company must jump through; fall short and there can be far reaching consequences if terminations are made at the...

19 August 2015

EVENT: Pay, Performance and Risk Seminar

Date: Wednesday 23 September Time: 8:15am – 10am Venue: PwC East Midlands, Donington Court, Pegasus Business Park, Castle Donington, DE74 2UZ The summer budget and recent Office of Tax Simplification announcements have seen some fairly significant changes for the world of pay, performance and risk. Many businesses are still trying...

18 June 2015

Pensions: EIOPA quantitative assessment and stress tests

On 11 May, the European Insurance and Occupational Pensions Authority (EIOPA) launched a Quantitative Assessment exercise and an EU-wide stress test for DB pension schemes. Both these exercises involve gathering data from pension schemes across Europe. The Pensions Regulator (TPR) is responsible for collating this information for UK Schemes and...

18 May 2015

Data analytics – how can it deliver value for employee benefits?

Many companies think about the employee benefit market as lots of boxes that when opened up have a benefit inside of each. The lid opens up once a year, the benefit is taken out, dusted down, renewed and put back in the box with a loud thump on the lid....

18 March 2015

Budget 2015: Jude McLaughlin comments on benefits for employees

Jude McLaughlin, employment tax director at PwC in the Midlands said: The Chancellor confirmed that from April 2015 'trivial' benefits for employees costing less than £50 will be tax exempt, which is a welcome relaxation of tax rules on small benefits under £50. While a £100 limit would have been...

05 March 2015

Fixed Penalty Notices - could you be next?

The Pension Regulator (tPR) has just announced that by the end of 2014, 169 employers were issued with Fixed Penalty Notices of £400 for failing to comply with their workplace pensions duties. 166 of these Fixed Penalty Notices were issued in the last 3 months of 2014. 1,139 Compliance Notices...

20 February 2015

Tartan tax is speeding down the track....are you ready to get on board?

Providing its response to the further devolved powers proposed by the Smith Commission, the UK Government published its draft legislation three days ahead of the Burns Night deadline. As Scotland continues on its devolution journey post-referendum, what do we now know and what remains uncertain? We know that the draft...

27 January 2015

Holiday Pay update - Taskforce announcement, good news or bad?

by John Harding In November 2014 a number of employment tribunals found that employers should be taking into account overtime and other payments intrinsic to the role when calculating holiday pay, rather than simply calculating it by reference to basic pay. In response to this change, the Business Secretary, Vince...

23 January 2015

Employment tax: a reminder of what comes into effect in 2015

By Kavita Chana Following the delivery of the Chancellor's Autumn Statement, we wanted to provide you with a reminder of the employment tax topics that featured and that will come into effect during 2015. Personal allowance: The personal allowance will be increased by a further £100 in 2015-16 to £10,600....

18 January 2015

Short Term Business Visitor audit: Is this a sign of things to come?

By Kavita Chana Companies are facing an ever increasing scrutiny from HM Revenue & Customs (HMRC) when it comes to the auditing of their expatriate tax and social security compliance. Aside from the expatriate angle of the Know Your Client (KYC) meeting invitations, we are now starting to see additional...

06 January 2015

Solicitors latest to be targeted in HMRC campaign on voluntary tax disclosure

Solicitors are being given the chance by HM Revenue & Customs (HMRC) to bring their tax affairs up to date or face tougher penalties and the potential for a detailed tax investigation, as part of a new tax campaign. The Solicitors' Tax Campaign is the latest voluntary disclosure opportunity giving...

21 November 2014

HMRC’s Personal tax summaries – greater transparency for workers

What are they? The Government has announced it is sending annual personal tax summaries to over 24 million people across the UK. The statements will show people how much income tax and national insurance contributions (NIC) they have paid over the 2013/14 tax year, and how this is calculated, together...

06 November 2014

EVENT: Tax Risk and Governance - Know Your Customer

Date: Tuesday 9th December 2014 Timings: 8.00am - arrival and light breakfast; 8.30am - presentations and questions; 10.30am - finish Location: PwC, Cornwall Court, 19 Cornwall Street, Birmingham B3 2DT Our forthcoming Tax Risk and Governance seminar will explore the changing landscape for Employment Taxes and specifically the Senior Accounting...

25 June 2014

Onshore Employment Intermediaries: False Self Employment

New legislation affecting unintended targets…. how does it affect your business? New legislation came into place from 6 April 2014 following the recent HMRC consultation ’Onshore Employment Intermediaries: False Self Employment’. The issue Whilst the legislation was introduced to prevent the use of employment intermediaries engaging workers and avoiding paying...

11 June 2014

Auto Enrolment in the spotlight - does your solution stand up?

The Pensions Regulator (tPR) is actively targeting employers for non-compliance with the Auto Enrolment (AE) legislation and has now begun to name non compliant employers. As at 31 March 2014 tPR has carried out 590 investigations and has issued several warning letters and formal notices for non-compliance. One area that...