Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed.
HM Revenue & Customs (HMRC) has updated its guidance for people choosing to waive their income to support their business or a charity during the COVID-19 pandemic.
Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit in kind (BIK)?
A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation.
The new off-payroll working rules in the private sector will only apply to payments made for services provided on or after 06 April 2020, it has been revealed.
The current 10 per cent tax rate for entrepreneurs is subject to review and abolition after the General Election, with the main political parties considering the future of the tax.