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A reminder to employers that staff xmas parties can be tax free provided the employer’s annual spend is less than £150 per staff member on entertainment. If it goes above this figure then it may be a taxable benefit for the employee.
Employers who exceed the £150 per head maximum have the option to apply to HMRC to enter a PAYE Settlelment Agreement (PSA) which allows the employer to cover the tax and National Insurance....

Liechtenstein and San Marino sign up to the OECD’s tax information sharing agreement. The  agreement aims to increase international co-operation on the assessment and collection of tax in a bid to tackle tax avoidance and evasion.
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HMRC have published a new guidance note RDR1 for UK residents and non-residents on the residence, domicile and remittance basis rules for tax years 2013-14 onwards. The new guidance note replaces HMRC6. See HMRC’s website for further detail. http://http...

HMRC has admitted a shortfall in the amount raised as a result of an exchange agreement with Switzerland with the aim of targetting Britons using undeclared bank accounts. It is now likely to be only a quarter of the original forecasted £3.2bn.
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