A misinterpretation of the law on taxing staff tips means that HM Revenue
& Customs will have to repay millions of pounds in fines.
The tax body has admitted its crackdown on the use of staff-run tips systems,
called troncs, to top up employers salaries to the national minimum wage without
paying national insurance contributions on the tips, was mistaken.
The practice had been banned last year but is now likely to be revived. It is
thought HMRC’s u-turn came after the collapse of the multi-million pound claim
against restaurant group Conran, according to The Daily Telegraph.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy