New notification form for employers
Date: 13th April, 2016 | Author: Cathy Corns | Comments: 0
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?
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