Employment Taxes newsletter – January 2023

Welcome to haysmacintyre’s first Employment Taxes newsletter, designed to bring clients up to date employment tax news. The newsletter will be published on a quarterly edition but may be more frequent should we consider there are important updates to share.

To start, there’s only two months until the end of the 2022-23 tax year. Within the newsletter, we have listed some tasks you should undertake to remain compliant. See below for the topics covered in this quarter’s edition:

  • Christmas costs: event exemptions and trivial benefits
  • Reduction in Class 1 NI rate
  • Payrolling benefits
  • Changes to company car tax from April 2025
  • Termination payments
  • Intermediaries legislation (also known as IR35)
  • Employment status

To download the full publication, click the link below.

Not for Profit VAT and Tax update – Q4 2022

“The second half of 2022 has been very quiet from the point of view of the usual raft of case law developments, with only one case worth mentioning. However, it has been characterised by some very disappointing behaviour by HMRC.

“As I set out some of these developments below, I can only hope that the coming year is better – both on the VAT front but, more importantly, for those struggling to get by in this country and elsewhere with the rising costs of living, and for the people of Ukraine.”

Phil Salmon – January 2023

The topics covered within this quarter’s update are:

  • VAT registration chaos at HMRC
  • Making Tax Digital (MTD) for all
  • Options to Tax on non-residential property
  • Business vs Non-Business activities and HMRC’s stance
  • Take care with capital expenditure timing
  • The Department for Business, Energy and Industrial Strategy (BEIS)’s holiday pay consultation

To download the full publication, click the link below.

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