The tax treatment of entertaining expenses reimbursed to employees frequently causes problems for employers. Form P11D does not distinguish between staff and business entertaining and the dividing line is sometimes a very thin one.

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By David Fennell, FCA

General

1^st February 2007

With effect from 1st February 2007, the tax life (but not the write off period or the annual rate of write off) of certain tax incentivised properties, such as childcare facilities and nursing homes, is being increased from 7 years to 15 years. Also increased to 15 years in the 10 year holding period within which a claw back of allowances can apply if the building is sold.

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In the run-up to a new social partnership agreement, in the blue corner employers prepare to fight for pay restraint, while, wearing red, unions want their fair share of the gravy train.

The current agreement, “Sustaining Progress” runs out at the end of this year. Pay negotiations will take place in the autumn. Optimists hope a new deal will emerge this side of Christmas.

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In the run-up to a new social partnership agreement, in the blue corner employers prepare to fight for pay restraint, while, wearing red, unions want their fair share of the gravy train.

The current agreement, “Sustaining Progress” runs out at the end of this year. Pay negotiations will take place in the autumn. Optimists hope a new deal will emerge this side of Christmas.

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A major disaster requires a quick response, so its crucial to have a disaster recovery plan in place if something should happen to payroll.

In hearing about news of a major disaster such as a fire, flood, explosion, terrorist attack etc, you may be forgiven for thinking ‘there but for the grace of God go I’. However, if the incident impacts directly on your workplace and job, it is action and not words, that may be needed in order to recover the payroll process.

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In tax law, a general rule allows a deduction from earnings for expenses that an employee is obliged to incur and pay wholly, exclusively and necessarily in the performance of the duties of the employment.

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