The liability before Christmas…

With Christmas fast approaching, as an employer you will want to be conscious of the potential tax implications that can arise around the provision of gifts and entertaining to your employees during the festive season.

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What came of Tax Day 2021?

The Treasury and Chancellor previously suggested that more effective tax changes would be introduced after undertaking consultation and seeking comment on the output from such consultation exercises. Therefore, instead of this being lost in the Budget Announcement a separate date, Tax Day, was set for the consultation announcements to be delivered – 23 March 21.

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Coronavirus Job Retention Scheme extended until September 2021

Following on from the Budget that was delivered by the Government yesterday, Wednesday 3rd March, it has now been confirmed that Coronavirus Job Retention Scheme (CJRS) will be extended until September 2021.

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Furlough and beyond

Since the Coronavirus Job Retention Scheme (CJRS) was first thrust upon us just over 10 months ago, it has acted as an unprecedented support mechanism in helping employers and employees across the whole of the United Kingdom cope with the uncertainty in surviving as a business whilst also retaining employees in their jobs. Although all jobs have not been saved, thousands of jobs, have thankfully been saved due to the scheme.

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Trivial Benefits – rewarding your employees

Since 6 April 2016, a tax exemption for “trivial” benefits provided to employees has been made available to employers. The legislation allows an employer to provide a benefit costing £50 or less to an employee without triggering a tax or National Insurance charge, whilst also removing the need to report.

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Brexit and National Insurance – rules from 1 January 2021

Following the UK’s exit from the EU, both parties have reached an agreement regarding the details of the National Insurance rules to be applied between the EU states and the UK from 1 January 2021. This agreement largely replicates the current EU social security coordination regulations and aims to ensure workers who move between the UK and the EU are required to only pay into one country’s social security scheme at a time, usually the country where the work takes place. There are special provisions for multi-state and detached workers, with current rules continuing to apply to those protected by the Withdrawal Agreement.

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Brexit and National Insurance – the transition

As a result of leaving the EU, the UK will experience a number of changes and one area which will be impacted is that of National Insurance. Negotiations are still ongoing however the below is what we know so far.

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Temporary workplace rules – not always as straightforward as you may think…

The recent outcome of the Sambhi v HMRC case has highlighted the complexities and absence of case law surrounding the temporary workplace rules, which govern the tax relief available on travel and subsistence payments for employees working at a ‘temporary workplace’.  

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Furlough during the Christmas period

With Christmas only one month away, employers and employees will now be thinking ahead on what this means during Christmas when most employers shutdown or employees request holidays during the festive period.

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Government Grinch gives the go-ahead to virtual staff parties

As we are approaching the end of 2020 which has been a year full of not so pleasant surprises, many employer’s may be thinking of more creative ways to arrange socially distant and ‘lockdown’ friendly Christmas parties, replacing the usual in person events. This may see employers taking advantage of digital platforms such as Zoom and Microsoft Teams which we have all become experts on between work meetings and quiz nights with family and friends over the challenging year we have all had.

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