Welcome to the latest edition of our newsletter.
This edition of our newsletter contains updates on:
- Penalty notices for 06/07
- Demibourne update
- Late night taxis
- SAYE scheme rates
- Medical check-ups
- CIS penalties - a warning
As always, if there is any aspect you would like clarifying or to discuss, please do give a member of the team a call.
Please click on the links below to access the topics.
***STOP PRESS***
16 October 2007
Following the publishing of the new "Exemption of Minor Benefits" regulations, HMRC has acknowledged that the changes may have had some unintended implications for existing schemes. As such, the following statement has been published;
Employer provided medical check ups
In July 2007, regulations were laid to exempt employer provided health screening and medical check ups from tax. The regulations came into effect from 14 August 2007 and replaced the non statutory treatment previously set out in HMRC guidance.
For the regulations to apply the health screening and/or medical check ups have to be available to all the employer’s employees generally on similar terms. However, following a number of representations, HMRC is concerned that some existing health screening schemes could be affected in a way that was not envisaged at the time the regulations were made.
HMRC want to discuss the issues arising from the regulations with employers and their representatives in order to find a way forward that meets the needs of both HMRC and employers on this matter.
In the meantime, for 2007/08, HMRC will not seek to collect tax and NICs in respect of health screening and /or medical check ups where it would not have been payable on the basis of the previous non statutory treatment.
We will write to interested parties who contacted us when the regulations were first introduced and seek views from representative bodies as part of our normal round of consultative meetings.
This page was last updated on Friday, January 04, 2008.
