Archive for June 30th, 2010

We published our detailed coverage of the Coalition government’s 2010 Budget last Wednesday and we hope you found it useful. If you missed it, or would like to refresh your memory about any aspect of the announcements, you can still find the links at www.payroll-help.com. Two of this week’s news items are related in some [...]

If a pool car or van, otherwise called a “pooled” car or van by HMRC, meets the statutory conditions, it is not treated as a company vehicle. As a result, the drivers using the vehicle are not liable for the car or van benefit and fuel charges. Meeting the conditions is therefore critical. In the [...]

A first-time Double Taxation Agreement between the UK and the Hong Kong Special Administrative Region of the People’s Republic of China was signed in London on 21 June 2010. The Agreement enters into force once both countries have completed their legislative procedures. The provisions of the Agreement will then take effect from the next calendar [...]

Form P46(Car) is used to notify HMRC when a car becomes available to an employee, or ceases to be available, or the employee ceases to be a lower-paid employee and becomes liable for the car benefit charge. However, there is no way of informing HMRC when one car is replaced with another – that facility [...]

Chapter 1 of HMRC’s CWG2 Further Guide to PAYE and NICs provides instructions, under the heading “When to work out NICs and PAYE” on page 7, on how to handle marginal items of pay (such as expenses) for NICs purposes when notification that they have been paid is received by the payroll department too late [...]

The Seafarers’ Earnings Deduction (section 40 of the Income Tax (Earnings and Pensions) Act 2003) can provide 100% UK tax relief on earnings from carrying out duties as a seafarer wholly or partly outside the UK. One of the qualifying conditions for the deduction is that the claimant must be ordinarily resident in the UK. [...]

On 7 June 2010, member States of the European Union (EU) agreed to update the maternity leave directive to give standard maternity leave rights to self-employed women and the spouses or life partners of self-employed men.   It is common for self-employed workers in farming and small firms and for professional workers to be helped in their jobs by their spouses or partners.  [...]

Between 2010 and 2020, the State Pension age for women is already due to rise from 60 to 65, to match the State Pension age for men. From 2024, the State Pension age for both men and women will increase from 65 to 66 over a two-year period, with further increases to 67 over a [...]

In March 2010, the Low Pay Commission (LPC) published its eleventh National Minimum Wage Report. The recommendations for an increase of approximately 2% in the National Minimum Wage (NMW) rates from October 2010 were accepted by the Labour government at the time. Draft Regulations have been published which, in addition to increasing the rates to [...]