PAYE and NI

Smartphones such as BlackBerrys and iPhones which are provided by employers to employees will no longer be subject to tax as a 'benefit in kind', HMRC has announced.

HMRC is urging employers to double check the employee data submitted on tax returns, after research revealed that many are completed with dummy, incomplete and inaccurate information.

Employers who deliberately attempt to dodge their PAYE or National Insurance contributions (NICs) may land themselves in hot water when new HMRC powers come into force this spring.

Plans to replace to the current P45 tax form with a new 'leaver statement' have been scrapped following a consultation about HMRC's introduction of its Real Time Information (RTI) programme.

Shrinking wages mean that UK workers are taking home £60 billion less, in today's relative value, than workers 30 years ago.

Syndicate content