Home - Payroll News
- Recent HR News
- FREE Newsletter
- Payroll and HR FAQs
- Payroll Forum
- Payroll Calendars
- Payroll Tools
- Monthly Brain Teaser
- The Authors
- About Us
- Contact us
finance bill 2012
Statutory Residence Test
At Budget 2011, the Government announced that it would be introducing a statutory definition of UK tax residence. A consultation followed with the expectation that a Statutory Residence Test would be included in the Finance Bill 2012 and effective 06 April 2012. This would provide clear and concise rules on this complex and confusing area of [...]
P11Ds – Cars and Security Enhancements
Effective 06 April 2011, the £80,000 cap on the List Price and accessories of the company car was removed. Some unintended victims of the removal of this cap are employees who, by reason of the nature of their employment, are provided with cars with added security enhancements / accessories. The Government considered that removal of [...]
Budget 2012 – Other
Statutory Residence Test At Budget 2011, the Chancellor announced that there would be a reform of the taxation on non-domiciled individuals and the introduction of a Statutory Residence Test. One of the reasons that this was prompted in the first instance was as a result of the long-running case involving Mr Robert Gaines-Copper and HMRC, [...]
Revised Implementation Proposals for Workplace Pensions Reform, Budget 2012 Other Taxation Issues and Benefits, Finance Bill 2012 Published, 2012/13 Rates and Thresholds, P38(S) for 2012/13, Error in E14
We continue our analysis of the Budget on 21 March 2012. Last week, we looked at the personal taxation issues which, undoubtedly, were the ones to hit the headlines the next morning. However, the Budget was deeper than that and this week we look at other taxation issues, including benefits. To finish, this is a [...]
Finance Bill 2012
Last week, the Government published the Finance Bill 2012 which, when enacted, will give the legislative backing to announcements made in Budgets 2011 and 2012. It is expected that the Bill will receive Royal Assent towards the end of July, at which time we will know the final format of the legislation. This note is [...]
Government Scraps ‘SA Donate’
The SA Donate scheme allows a Self-Assessment taxpayer to direct any tax refund to a charity which has registered with HMRC to receive such sums. Section 429 of the Income Tax Act (ITA) 2007 allows for such redirections of a tax refund to be eligible for tax relief under Gift Aid. As the deadline for [...]
L-Day
06 December saw the Government make available some draft legislation and updates that will be included in the Finance Bill 2012. This is all issued as part of a consultation process and comments on the proposals can be submitted until February 2012. Publishing the draft legislation at this early stage fulfils Government’s commitment to make [...]
