New notification form for employers
There is now a new form of ‘Disclosure of details about employees in relation to avoidance schemes’. This is notification required by employers from 31 March 2016 to disclose details in relation to employees involved in tax avoidance schemes.
The form is required in situations where the employer has received a Scheme Reference Number (SRN) from a promoter as a result of notifiable arrangements either:
- Employees might expect to receive a tax advantage; or
- The employer might expect to receive an advantage in relation to the employments of those employees.
Reports in relation to 2015-16 are due by 19 April 2016 – HMRC guidance was first published on 31 March 2016. I wonder how many employers are even aware of the form or the requirement to complete it?
Date: 13th April, 2016
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole