HMRC updates employment-related securities guidance on reporting requirements for short-term business visitors
HMRC has updated its employment-related securities (ERS) guidance at ERSM140030 concerning reporting requirements for non-tax advantaged ERS. The guidance now contains the following additional paragraph in respect of short-term business visitors (STBVs), confirming that reportable events in relation to exempt STBVs still need to be included on the ERS return:
“The ERS reporting obligations are not mitigated or waived by the provisions of EP Appendix 4 (PAYE82000). Therefore, where the UK company or UK branch is a responsible person under s421L ITEPA 2003, then any reportable events under s421K should be reported regardless of the number of workdays involved.”
International tax news
CFE Tax Advisers Europe has published an opinion statement on the OECD Inclusive Framework BEPS Package calling on the OECD, EU institutions, and national policymakers to balance transparency and anti-avoidance with administrative feasibility, competitiveness, and taxpayer certainty.
CFE Tax Advisers Europe has also published its latest collection of tax top 5 developments, including the temporary pause by the EU of its planned retaliatory tariffs on €21 billion worth of US goods.
Tax Faculty
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