As noted in our 2014 Pensions Planner, the majority of the provisions of the Marriage (Same Sex Couples) Act 2013 will come into force next month (the
We reported in our August 2010 Review (please click here) that the European Court of Justice had ruled in Astra Zeneca UK Ltd v Commissioners for Her Majesty’s Revenue and Customs Case C-4009 that employers would have to account for VAT on retail vouchers provided to their employees under salary sacrifice arrangements because the supply of vouchers is treated as the supply of services to the employees for VAT purposes.
HM Revenue & Customs (HMRC) has published draft regulations amending the requirements for schemes to submit Accounting for Tax returns electronically so that a scheme manager of a currently-relieved non-UK pension scheme can send the Accounting for Tax Return to HMRC in hard copy, not just electronically.
HMRC’s consultation on “High Risk Tax Avoidance Schemes”, which closed at the end of August, has attracted some heavyweight responses it seems.
A provision has been included in the Bill which says that where scheme rules provide for revaluation by reference to RPI but in all other respects reflect the statutory requirements on revaluation, the provisions of the Rules will apply.
The Scottish charity regulator OSCR recently published its Annual Review for the year to 31 March 2011.
Contracting-out of the State Second Pension on a money purchase basis (known as a ‘protected rights’ basis) will be abolished from 6 April 2012.
The DWP has issued a consultation seeking views on two proposed changes to regulations concerning contracting-out.
New anti-avoidance legislation in the UK is in force and could result in unexpected and costly tax charges for employers and employees in relation to remuneration arrangements using employee benefit trusts (EBTs) and other intermediaries.
From 6 April 2012, protected rights will no longer exist but will become ordinary money purchase benefits.