CIOT urges Government to reconsider disguised remuneration policy
A spokesperson for the Chartered Institute of Taxation (CIOT) said that “We urge further reflection before the final legislation is introduced. The proposals are moving to taxing the form (involvement of a third party) rather than the substance (reward or loan in connection with the employment) of the arrangement. There are many hard edges which will mean that the legislation will have to be read very carefully to determine whether, in all likelihood inadvertently, the new PAYE/NICs triggers have been activated. Indeed, we foresee that many employers will need to approach HMRC to determine whether or not their current arrangements are affected. However we remain concerned that if discretion is left to HMRC to decide what arrangements are the right side of the line, and which are not then the position, will always be uncertain and subject to a change of HMRC view”
Commonwealth Contractors is a collection of highly skilled professionals from the Commonwealth and beyond. We partner with OISC Registered Immigration Partners capable of professionally representing Tier 1 Visa Applications / Extensions and Tier 2 Licensed Consultancy & Associated Trust Partners who may be prepared, where required, to sponsor a Medical, Information Technology or Engineering Professional on a Tier 2 Visa (formerly UK Work Permit).
To find out more call Commonwealth Contractors now on 0800 294 4388 or Submit your Details and we will get back to you. Please be prepared to send a copy of a recent CV so that we can pass to interested partners.