16th August 2019

HMRC has recently released a Bulletin that features information on several important Employment Tax issues. The publication, which was released in August, aims to deliver clear, consistent, and timely information for employers that will help them to meet their payroll obligations.

The Employer Bulletin issued by HMRC covers a range of topics. It offers clarity on Termination Awards, as from 6 April 2020 onwards, the National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill 2019 is introducing a Class 1A NICs liability on non-contractual “cash” (or cash equivalent) taxable termination payments over a £30,000 threshold, which have not already incurred a Class 1 NICs liability as earnings.

The release also covers changes to the IR35 rules, which will affect all medium and large businesses from 6 April 2020. It offers advice on how businesses can prepare for the reform, such as identifying and reviewing their current engagements with intermediaries. UNW has previously provided insight on how the IR35 changes can affect a business, which can be found here.

The issue also covers the Construction Industry Scheme (CIS), and the reverse charge accounting measures that are coming into effect on 1 October 2019. Under the new revision, the actual rate of VAT on construction services will not be changing; however, the accountability will be shifting to the customer. Our previous article on CIS offers further advice on this.

Additionally, how to get ‘Trivial Benefits’ right for your employees is also detailed. In the Bulletin, HMRC clarify what makes a trivial benefit, and how these qualifies under the trivial benefits in kind exemption. It clarifies what conditions must apply before the benefits are able to qualify under that exemption.

To download the latest Bulletin from HMRC, click here.

If you would like more information on any employment tax related matters, please contact: Lee Muter, Employment Taxes Partner, on 0191 243 6089 or at leemuter@unw.co.uk.

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