Tax E-News May 2023
Welcome to the May edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail.
Below we set out some of the main points.
2022/23 P11d FORMS TO BE SUBMITTED ONLINE
The deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23 is 6 July 2023.PAYE SETTLEMENT AGREEMENTS ALSO ONLINE
Where benefits in kind are provided to employees that will usually result an income tax charge on the employee …- HMRC PHASING OUT PAPER TAX RETURNS FOR 2023/24
As well as moving more and more employer returns online HMRC have announced that they will be phasing out paper self-assessment tax returns … - PENSION LIFETIME ALLOWANCE
The latest Finance Bill will legislate the announcement in the Spring Budget that the lifetime allowance (LTA) charge is abolished from 6 April 2023. - PENSIONS AND ESTATE PLANNING
As a result of the pension reforms introduced by George Osborne which took effect from 6 April 2015, a drawdown pension fund has become an important part of estate planning. - CONSULTATION INTO POSSIBLE REFORM OF CONSTRUCTION INDUSTRY SCHEME
The Government have announced a number of tax consultations on its Tax Administration and Maintenance Day, 27 April. - DIARY OF MAIN TAX EVENTS
MAY/JUNE 2023