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Income tax can be repaid on 'clawed back' bonuses in some circumstances, tax tribunal rules

Employees who pay income tax on a bonus that is later 'clawed back' by the employer may be entitled to tax relief on that income tax, at least in some circumstances, the Upper Tier Tax Tribunal has ruled. 02 Oct 2014

Cutting tax burden is ‘priority policy for economic growth in EU’ say finance ministers

Reducing the “tax burden on labour must remain a clear policy priority”, European Union finance ministers have said. 16 Sep 2014

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Employee Benefit Trust settlement opportunity will be withdrawn on 31 March 2015

Employers who used an Employee Benefit Trust (EBT) before 6 April 2011 must notify HM Revenue and Customs (HMRC) by 31 March 2015 if they wish to take advantage of the terms of the EBT Settlement Opportunity, HMRC has announced .  15 Aug 2014

OTS proposes "radical" restriction of tax relief on termination payments to redundancy cases

The current tax exemption that applies to the first £30,000 of a payment made on termination of employment should be withdrawn and replaced with a new relief available in cases of statutory redundancy only, according to the Office of Tax Simplification (OTS).... 05 Aug 2014

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