Covid-19 Benefit In Kind Threat Dropped

On Monday, HMRC said that Covid-19 tests would be treated as a "benefit in kind", and so would be subject to extra income tax for employees.

However, after questions in the House of Commons about the issue, the Treasury granted tax exemption for the tests.

The exemption will be in effect for any tests that have taken place during the current 2020-21 tax year.

Treasury spokesperson said:

"Given the importance of widespread testing, we want to ensure that all employers who wish to provide third party testing to their employees can do so without increasing their tax liability.

So we will introduce a new income tax exemption for Covid-19 antigen tests provided by employers.

HMRC will amend their guidance as soon as possible to reflect this change."

Hey ho, stand by for confusion!

Tax does have to be taxing.

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Tossers!

HMRC yesterday confirmed workers who have a Coronavirus test from employer as part of their job will see it treated as a 'benefit in kind' and thus be taxed on it (& see take home pay reduced)

Delighted to see the Treasury Select Committee are taking this up with the chancellor.

— Martin Lewis (@MartinSLewis) July 7, 2020

Tax does have to be taxing.

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• Appeal to the First-tier Tribunal or Upper Tribunal
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• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

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HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Angela MacDonald Appointed as Deputy Chief Executive and Second Permanent Secretary at HMRC

New HMRC Deputy CEO and Second Permanent Secretary appointed

Angela MacDonald appointed as Deputy Chief Executive and Second Permanent Secretary at HM Revenue and Customs.

Published 6 July 2020

From:

HM Revenue & Customs

New HMRC Deputy CEO and Second Permanent Secretary Angela MacDonald

The Cabinet Secretary, with the approval of the Prime Minister, has approved the appointment of Angela MacDonald as the Deputy Chief Executive and Second Permanent Secretary at HM Revenue and Customs (HMRC). The post has been vacant since Jim Harra took over as First Permanent Secretary and Chief Executive in October 2019.

Angela is currently Director General for Customer Services Group at HMRC – a role she has held since 2017.

Angela’s tenure in her current role has seen significant improvements and modernisation in our customer services across the board through putting the customer’s needs at the heart of our strategy.

Cabinet Secretary, Sir Mark Sedwill, said:

I am delighted that Angela has been appointed as Second Permanent Secretary at HMRC. Her blend of operational experience, gained in a variety of leadership roles both in the Civil Service and in the private sector, will be invaluable as she joins Jim Harra in leading HMRC’s 65,000 people through the next phase of the organisation’s ambitious transformation programme. I look forward to welcoming Angela to the Permanent Secretaries’ group.

Jim Harra, HMRC Chief Executive and first Permanent Secretary, said:

I’d like to congratulate Angela on her appointment – I’m thrilled to have her join me in leading this fantastic organisation at such a critical time. Angela succeeded in a tough competition for this role, and she brings a proven commitment to creativity and operational excellence with her as she moves on from her time leading our Customer Services Group.

Angela MacDonald, Director General Customer Services Group, said:

This is a fantastic opportunity for which I’m tremendously grateful. I’m so proud of what we’ve delivered over the last few months as we’ve come to the aid of businesses and individuals right across the UK. That dedication and innovation is clear to see in each and every team within HMRC and I now look forward to taking on this new challenge as we move forward together.

Angela will take up her new role on 1 August 2020, and a competition will soon commence to appoint a successor to lead HMRC’s Customer Services Group.

Tax does have to be taxing.

Tax Investigation Insurance

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• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

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One Million Tax Credit Notices Incomplete

It seems that more than one million tax credit renewal notices with incomplete information have been sent to homes by HMRC.

HMRC has apologised for the error, but said that the omission had not affected the calculations made for proposed payments.

When this year's automatic renewal notices were sent out, 1.2 million of them omitted income details.

HMRC has subsequently sent a follow-up letter with these income details used in its tax credits calculations, and said human error was to blame for the original fault.

"We are sorry that this happened, and for any inconvenience caused. We want to make sure we have paid customers the correct amount.

A significant proportion of these customers are self-employed, and we need to confirm their previous tax year's income has been correctly accounted for and to make sure they don't miss the opportunity to give us an estimate if they are not certain about their income for this year."

Recipients should check their annual renewal carefully.

Tax does have to be taxing.

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• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

Please click here for details.


HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Loan Charge Amendments Not Passed

Three Finance Bill amendments on Loan Charge 2019 and four on IR35 were last night not moved or were defeated by the government, paving the way for each to bite from September 2020 and April 2021.

Tax does have to be taxing.

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• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

Please click here for details.


HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Change In Furlough Rules Webinar

Important message for employers ❗️ Changes to furloughing (Job Retention Scheme) may impact you. Sign up to this webinar to find out more ⬇️ https://t.co/27LhWXhlgw pic.twitter.com/KNZEfg29Yf

— HM Revenue & Customs (@HMRCgovuk) June 30, 2020

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

Please click here for details.


HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"