The tax responsibilities for employers are increasing and with it the need to engage specialist help. Our employment tax team has considerable experience of helping employers understand their responsibilities and to set up systems to enable them to comply with the red tape. Our employment tax services also extend to ideas of how you can reward your workers in a tax efficient way.
We also have a lot of experience helping employers who are the subject of HM Revenue & Customs (HMRC) review by helping them to deal with the demands of HMRC and negotiating settlements. Our employment tax specialists can assist you in managing the HMRC review on your behalf or by simply being available to address your queries.
Personal service companies/umbrella arrangements etc
The employment tax team has assisted a number of concerns who are looking to save employer costs by moving workers on to a self employed basis or engaging them via an umbrella arrangement. We are also experienced in the use of personal service companies. In this area, our employment tax specialists are also experienced of helping those who are the subject of a status review. We have dealt with some significant cases in which HM Revenue & Customs have targeted specific industry group.
Flexible benefit arrangements
When it comes to helping employers who are looking to introduce flexible benefit arrangements, our employment tax team has considerable experience and can advise on questions over the tax position and in regard to salary sacrifice arrangements.
Company car taxation
Our knowledge of employee benefits in kind extend to having extensive experience on company cars and the setting up of car policies. The knowledge on company cars includes tax efficient arrangements over mileage allowances and the cash alternative to the company car.
In addition to the above, our employment tax specialists can help to introduce share arrangements and other equity and reward issues for your workers.
International employment issues
For international employers we can manage all aspects of expatriate tax as well as international payroll issues.
Construction industry scheme
The employment tax team are also experienced with the construction industry scheme and understand its requirements. They regularly assist contractors appealing against their loss of gross status. We can also help contractors who are coming to the UK by helping them to understand the scheme requirements.
A number of business owners are considering using the Government sponsored tax reliefs to encourage employee ownership. This involves the use of Employee Ownership Trusts (“EOT”s) and the gift or sale at full value of (at least 50%) of the owner’s company to such an EOT. This sale/gift will be entirely free of capital gains tax.
The apprenticeship levy requires all employers operating in the UK, with an annual pay bill of over £3million, to pay a 0.5% levy on their pay bill each month. It comes into effect from 6 April 2017 and will apply to both public and private UK employers across all sectors.
Alastair Kendrick speaks with Paul Lewis, presenter of the popular BBC Radio 4 talk show 'Money Box'
Click here to listen or download the interview.
View the Tax FAQs here.