High-earning bank IT workers could also be hit by the bankers’ bonus tax.
The taxman told banks that senior IT staff supporting bankers and financiers
would be affected by the 50% levy on bonuses of more than £25,000, reported
Bankers Association chief Angela Knight said that the meeting with
HM Revenue & Customs had cleared up some aspects of how the levy would work,
while others still required clarification.
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin