Taxation of Employments, 18th Edition

Author: Robert Maas
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526507433

Previous Edition ISBN: 9781784517052
Published In: August 2018
Format: Paperback , 796 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents

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Robert Maas is one of the UK's acknowledged experts in the taxation of the various forms of the employment and in this well established guide he brings that expertise by providing clearly laid out commentary on the scope of the taxation of income from employments and pensions, the distinction between employment and self-employment, the means for identifying deemed employment income and the rules around expenses and benefits. The book also deals with an extensive range of ancillary matters, including termination payments, pensions, residence and domicile rules, employee incentives, PAYE, and the use of intermediaries.

This new edition is bought up-to date with the two Finance Acts published in 2017 as well as FA 2018. Among the key areas of law to change are the following: -

Changes to the IR35 rules for those in the public sector: Responsibility for operating the current intermediaries' rules moves from an individual worker's intermediary (typically a personal service company (PSC)) to any public sector, agency or third party paying that intermediary. In addition, the 5% allowance currently available to those who apply the IR35 rules to reflect the costs of administering the rules will be removed for those who work in the public sector.
Optional remuneration arrangements: The tax treatment changes where a benefit-in-kind (BIK) is provided through 'optional remuneration arrangements' (OpRA) (for example salary sacrifice and flexible benefit arrangements) so that, with effect from 6 April 2017, the BIK is chargeable to income tax and Class 1A employer NICs (but not Class 1 NICs), even if the BIK is normally exempt from tax and NICs, at the greater of the amount of salary given up in exchange for the BIK and the cash equivalent of the BIK
Overseas pensions: a closer alignment of the UK tax treatment of payments out of 'foreign pension schemes' with the UK's domestic tax regime and pension schemes used for those employed abroad
The conditions that a pension scheme has to meet to be a qualifying overseas pension scheme (QOPS) or a qualifying recognised overseas pension scheme (QROPS) are also being updated
Changes to the tax and NIC treatment of termination payments
Changes to the disguised remuneration rules as part of the Governments commitment to further tackling tax avoidance

Chapter 1: Introduction
Chapter 2: The basic rules
Chapter 3: The meaning of 'earnings'
Chapter 4: Employed or self-employed
Chapter 5: Expenses
Chapter 6: Benefits in kind
Chapter 7: Benefits in relation to cars and vans
Chapter 8: Benefits in relation to accommodation
Chapter 9: Other benefits
Chapter 10: Pension provision
Chapter 11: Termination payments and signing-on fees
Chapter 12: Foreign nationals working in the UK
Chapter 13: Working overseas
Chapter 14: Employee shareholdings
Chapter 15: Share incentive plans
Chapter 16: Approved share option and EMI schemes
Chapter 17: Pay as you earn (PAYE)
Chapter 18: Provision of services through an intermediary or managed service company
Chapter 19: Miscellaneous
Chapter 20: National insurance
Chapter 21: VAT