More NewsPBR08: No travel expenses tax hit for temps

PBR08: No travel expenses tax hit for temps

HMRC keeps watching brief on travel expenses tax relief

Workers operating within umbrella companies will still be able to claim tax
relief on travel expenses after the government decided against a clamp down.

After consulting on the tax relief, it will leave current rules alone.
However it will ‘refocus’ its efforts on the area to make sure of compliance,
which if it does not improve will revisit at a later date.

Anne Redston, visiting professor at Kings College, said that changing the
rules would have been a ‘step too far’ for the taxman.

‘It would be too difficult to identify an umbrella company.’

Umbrella company strcutures were concerned that their staff would lose
ability to claim back expenses against their tax bill.

Further reading:

Budget March 08: Government targets
umbrella companies

Related Articles

Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

4m Alia Shoaib, Reporter
Increase in UK business confidence despite Brexit, according to ICAEW

More News Increase in UK business confidence despite Brexit, according to ICAEW

7m Alia Shoaib, Reporter
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

Insolvency The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

11m Accountancy Age editorial
Leonard Curtis called in as administrators for builders Boshers

Legal Leonard Curtis called in as administrators for builders Boshers

11m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

11m Stephanie Wix, Writer
"Not enough time" to implement MTD by 2018, says Tyrie

Corporate Tax "Not enough time" to implement MTD by 2018, says Tyrie

1y Stephanie Wix, Writer
Colin: A spoonful of investment...

Governance Colin: A spoonful of investment...

1y Stephanie Wix, Writer