27/09/2011 by Geoff.

Due to a recent European Court of Justice ruling, HMRC now consider that the provision of a benefit via salary sacrifice to employees constitutes a supply of services for consideration and is therefore subject to VAT.

Benefits that will be affected include:

• Cycle to work schemes.
• Face value vouchers.
• Childcare vouchers.
• Food and catering provided by employers.

To give employers time to make the necessary changes to their record keeping HMRC will not require output tax to be accounted for on salary sacrifice supplies until 1 January 2012.

Simone Greasley

Posted in Business interest | No Comments »

27/09/2011 by Geoff.

HM Courts & Tribunals Service has revealed that there has been an 8% fall overall in Tribunal claims for the period April 2010 to March 2011.   However the 218,100 claims still represent a 44% increase on the 2008-9 figures.

Written by Simone Greasley

Posted in Business interest, Current Issues | No Comments »