As HMRC continue to target the middle market, we have seen them increasing their recoveries from middle market businesses, and this is in line with their expectation.
To address this issue, Smith Cooper Employment Tax specialists Laura Parr and Mick Verney conducted a series of Employment Tax seminars in Derby, Nottingham and Birmingham. Both have worked in senior tax advisory roles in the “Big 4” accountancy firms and for HMRC as Employer Compliance Inspectors.
During the seminars, a range of topics were addressed, including the following:
- HMRC Practice – Things you need to know (including managing penalties, minimising the number of years of recovery, managing HMRC’s presumption of guilt by evidencing good practice)
- Changes from 6th April 2018 (including termination payments, PAYE Settlement Agreements, and managing the end of interim salary sacrifice extensions)
- Complex Compliance (including managing National Minimum Wage/National Living Wage compliance issues and Employment Status with new IR35 Intermediaries Legislation)
- Tax efficient rewards (understanding the most cost-effective options for your business including Pension Salary Sacrifice to minimise the impact of increased Auto Enrolment contributions)
A framework was then provided to ensure employers are not caught in HMRC’s recovery “fishing net”.
If you have any questions regarding any of the topics covered in our seminars, or would like to discuss any other Employment Tax issues, please get in touch with one of our specialists by clicking here.