News

Michael Steed, a tax consultant, trainer and writer, will make the remarks in his inaugural speech as he takes office as President at this afternoon’s annual general meeting of the ATT. In his speech to the ATT AGM Michael Steed will say:

Natalie Miller, ATT President, said:   “This change breaches the previous principle of consistency between the treatment of residential and commercial landlords for tax purposes.

The Employment Allowance was first introduced in 2014 and currently allows employers to reduce their Employer National Insurance bill by up to £2,000 a year1.

The AIA enables businesses1 to claim tax relief on the whole of their qualifying capital expenditure in the year of expenditure.

HMRC announced today that it has now issued the first in-year penalties notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC.

In its response1 to HMRC’s discussion document, the ATT has highlighted the importance of penalties being proportionate and of recognising that uncharacteristic and genuine mistakes require a very different response from persistent failure.

Natalie Miller, who works at PwC in the Tax Knowledge & Innovation Group, succeeded Yvette Nunn on April 1st as ATT President. Speaking at her inaugural President’s reception at the British Film Institute, Natalie Miller elaborated:

Trivial benefits provided by employers, would include, for example, small benefits for employees such as gifts at Christmas. The ATT called for a delay in the implementation of the exemption arguing that more time was needed to allow adequate guidance to be prepared and shared with employers.

In a joint statement in response to the Government’s paper, CIOT President Anne Fairpo and ATT President Natalie Miller said:

Our submission is available in Adob (pdf) format.

HMRC explain, 'WHAT HAPPENS NEXT Sleeping or inactive Limited Partners who have not paid Class 2 or Class 4 NICs for a past period will not be required by HMRC to pay those contributions.

VAT Registration Delays Members may be experiencing delays in obtaining VAT regsitrations for their clients. Further information concerning delays can be found below: