Written by Ian Congreave - Filed under: Calendar (Guernsey), Recent Payroll News on February 4th, 2010 | No Comments »
February 15 - For employers with 80 staff or more, this is the deadline for payment of tax deducted during January to the Income Tax Office.
Posted February 4th, 2010 | No Comments »
Written by Ian Congreave - Filed under: Calendar (Isle of Man), Recent Payroll News on February 4th, 2010 | No Comments »
February 5 – This is the final day of tax month 10. The T35 Remittance Card and ITIP/National Insurance in respect of the payments made in the tax month to February 5 must be sent to the Income Tax Division by February 19.
Posted February 4th, 2010 | No Comments »
Written by Ian Congreave - Filed under: Calendar (Jersey), Recent Payroll News on February 4th, 2010 | No Comments »
February 15 – For employers with 80 staff or more, this is the deadline for payment to the Social Security Department of the contributions calculated for January.
Posted February 4th, 2010 | No Comments »
Written by Ian Congreave - Filed under: Guernsey, Region Specific on December 23rd, 2009 | No Comments »
The Treasury & Resources department has published an updated version of the Employers Guide to the Employees Tax Instalment Scheme. With the taxation of all benefits in kind through the ETI Scheme, it is no longer necessary, from 2010, for benefit in kind returns to be submitted.
Posted December 23rd, 2009 | No Comments »
Written by Ian Congreave - Filed under: Isle of Man, Region Specific on December 23rd, 2009 | No Comments »
The Agreement ratified on 16 June 2009 entered into force on 21 December 2009. It has effect for income tax purposes from 1 January 2010 in both countries.
Posted December 23rd, 2009 | No Comments »
Written by Ian Congreave - Filed under: Guernsey on December 4th, 2009 | No Comments »
In November 2008, the annual Budget Report proposed increases of 5.5% to personal tax allowances for 2009 and increases a further 4% for 2010. The 2010 increase have been confirmed as follows: Continue reading
Posted December 4th, 2009 | No Comments »
Written by Ian Congreave - Filed under: Isle of Man, Region Specific on November 25th, 2009 | No Comments »
The Department of Health and Social Security has confirmed that, between 2010 and 2020, the state pension age will increase for women from the current 60 years to 65 years, matching the process that will occur in the UK. The same stepped increases will apply, namely an increase of one month in the state pension age during each two months of the ten-year transition period. Continue reading
Posted November 25th, 2009 | No Comments »
Written by Ian Congreave - Filed under: Jersey, Region Specific on November 11th, 2009 | No Comments »
On 27 October 2009, the Employment Forum recommended an increase in the minimum wage rate and made recommendations in regard to three specific issues – tips and gratuities, benefits in kind, and a student or youth rate – which had been the subject of a consultation in June 2009.
Posted November 11th, 2009 | No Comments »
Written by Ian Congreave - Filed under: Guernsey, Region Specific on November 4th, 2009 | No Comments »
The provisions of the concession (E6) relating to awards made for passing professional examinations were updated on 20 October 2009, as follows:
Posted November 4th, 2009 | No Comments »
Written by Ian Congreave - Filed under: Guernsey, Region Specific on November 4th, 2009 | No Comments »
In Statement of Practice 34, the Income Tax Office has made it clear that, where part of an employee’s cash remuneration is given up in return for a non-cash benefit that has a lower taxable value than the tax that would otherwise have due on the amount of salary sacrificed, the salary sacrifice is tax neutral. The tax charge would be equivalent to that which would have been charged on the salary.
Posted November 4th, 2009 | No Comments »
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