Tag: <span>tax compliance</span>

HMRC has published new guidance explaining penalties under the Construction Industry Scheme (CIS) where payments or returns are linked to deliberate non-compliance. The factsheet, known as CC/FS96, outlines how penalties may apply when HMRC determines that failures are intentional. Businesses within the construction sector should ensure that: CIS returns are…

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A benefit provided to a Director or employee that is considered ‘trivial’ and is therefore tax-exempt if all of the following conditions are met: Cost: The cost to you, the employer, must be £50 or less per benefit. Form of Benefit: It cannot be cash or a cash voucher –…

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