2024 Tax Bulletin: October
This is part of a series of monthly tax updates for 2024. October’s update includes a deep dive into PAYE Settlement Agreements and also looks at recent HMRC cases considering the IR35 rules and UK residency status.
This module will enable you to
- Stay up to date with the latest HMRC publications and news
- Explore the intricacies of PAYE Settlement Agreements
- Discuss decisions in recent tax cases covering the IR35 rules and residence status
About the module
Our monthly tax updates service for 2024 covers HMRC publications and consultations, recent tax cases and changes to tax legislation and administration.
This month we focus on PAYE Settlement Agreements (PSAs) which enable employers to provide certain benefits to employees without a tax charge reducing the value of the gift. PSAs are a valuable employment tool, but you must ensure that the correct benefits are included in the calculations and that the correct payments are made on time.
We also take a look at two recent HMRC wins at the Upper Tribunal. The first left Sky Sports pundit Stuart Barnes with a tax bill of around £700,000, and the second found that a businessman who had moved to Brussels as part of a tax planning strategy remained a UK resident for tax purposes.
Look inside
Contents
- October update
- October overview
- HMRC publications
- Other tax developments
- Legislation
- Practice focus: PAYE Settlement Agreements
- Key dates for October
How it works
Author
Reviews
More in this series
Take a look more modules from the series: Tax Bulletins