Review Of The Tax Arrangements Of Public Sector Appointees

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Review Of The Tax Arrangements Of Public Sector Appointees

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Author : Great BritainH.M. Treasury
language : en
Publisher: The Stationery Office
Release Date : 2012-05-23

Review Of The Tax Arrangements Of Public Sector Appointees written by Great BritainH.M. Treasury and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-23 with Business & Economics categories.

The impetus for this review concerns questions about the tax arrangements of senior public sector appointees. Findings have revealed a lack of transparency around such tax arrangements, with over 2400 staff identified as off the regular payroll engagements who are employed by central government departments and their associated bodies. About 85% are engaged for longer than six months. Although such arrangements maybe appropriate, it is not absolutely clear to the employer whether a particular individual is paying the right amount of tax and National Insurance in relation to their role. To ensure future tax transparency in this regard, the review has set out a three pronged approach: (i) The most senior staff to be on the payroll; (ii) Employers to ensure that they have the right to seek assurance about the tax arrangements of long-term specialist contractors; (iii) Monitoring after one year, with sanctions applied to Government departments that have not complied with these recommendations.

Off Payroll Arrangements In The Public Sector

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Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
language : en
Publisher: The Stationery Office
Release Date : 2012-10-05

Off Payroll Arrangements In The Public Sector written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-05 with categories.

In May 2012 HM Treasury published its report on the use of off-payroll arrangements in central government ("Review of the tax arrangements of public sector appointees", Cm. 8350, ISBN 9780101835022). This showed that over 2,400 staff, each earning more than £58,200 a year, were being paid 'off-payroll' - a practice which generates suspicions of complicity in tax avoidance and which fails to meet the standards expected of public officials. The review's recommendations should go some way to reducing the prevalence of the practice, yet the scope of the review was limited in scope to central government and did not cover other public services, like Local Government, the NHS and the BBC. Some doubts about the Treasury's proposals remain. The Review stated that off-payroll arrangements can be used in 'exceptional circumstances' but does not clarify what these exceptional circumstances are. It also recommended that departments seek assurance that those staff who remain off-payroll are paying the appropriate amount of tax, but did not specify how departments could or should do this. Ultimately, whether those paid off-payroll are paying the right amount of tax is dependent on HM Revenue & Customs properly enforcing tax rules to ensure employees pay tax as employees. However, HM Revenue & Customs has progressively reduced its enforcement of the legislation designed to eliminate the avoidance of tax and National Insurance Contributions through the use of intermediaries, such as personal service companies, putting at risk any deterrent effect the rules might have on tax avoidance

Treasury Minutes On The Fifth The Eleventh To The Thirteenth And The Fifteenth To The Sixteenth Reports From The Committee Of Public Accounts Session 2012 13

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Author : Great Britain. Treasury
language : en
Publisher: The Stationery Office
Release Date : 2013-01-21

Treasury Minutes On The Fifth The Eleventh To The Thirteenth And The Fifteenth To The Sixteenth Reports From The Committee Of Public Accounts Session 2012 13 written by Great Britain. Treasury and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-21 with Political Science categories.

Dated January 2013. The reports published as HC 104 (ISBN 9780215047670), HC 288 (ISBN 9780215047632), HC 532 (ISBN 9780215048684), HC 388 (ISBN 9780215048691), HC 103 (ISBN 9780215048653); HC 389 (ISBN 9780215049704)

House Of Commons Committee Of Public Accounts Whole Of Government Accounts 2011 12 Hc 667

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Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
language : en
Publisher: The Stationery Office
Release Date : 2013-12-12

House Of Commons Committee Of Public Accounts Whole Of Government Accounts 2011 12 Hc 667 written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-12 with Business & Economics categories.

The Whole of Government Accounts for 2011-12 presents the combined financial activities of some 3,000 organisations. It provides vital data on which Government needs to act. Key issues have been identified, such as the £19.4 billion liability for clinical negligence claims. But it is frustrating to see other issues seemingly ignored in long-term policy making and spending decisions. In one year, the public sector was defrauded of over £20 billion and the tax gap rose to £35 billion. The financial liabilities for dealing with nuclear waste also keep growing. There is room for improvement in the document itself and how it is used. Users find it hard to understand, for example, why the Government debt and deficit highlighted in the WGA differ from those reported in the ONS's National Accounts. Also, by changing definitions in its commentary published alongside the WGA, the Treasury makes it difficult to track changes over time. The Treasury's introduction in the commentary of a new concept of so-called 'direct' expenditure leaves out key costs such as the interest paid on the National Debt. The publicly owned and controlled bodies - such as Network Rail and the taxpayer owned banks - are still being excluded, in defiance of normal accounting rules. The usefulness of the WGA is also being limited by the length of time it takes to produce the document and by poor quality data from some of the bodies. The accounts have again been qualified over the completeness, timeliness and accuracy of the information supplied for schools and academies

Personal Service Companies Hl 160

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Author : The Stationery Office
language : en
Publisher: The Stationery Office
Release Date : 2014-04-07

Personal Service Companies Hl 160 written by The Stationery Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-07 with Business & Economics categories.

The term 'personal service company' is not defined in law. It is understood generally to mean a limited company, the sole or main shareholder of which is also its director, who, instead of working directly for clients, or taking up employment with other businesses, operates through his company. The company contracts with clients, either directly or through an agency, to supply the services of its director. There are many reasons for the use of personal service companies, including the possibility of reducing tax and national insurance bills. The Government's anti-avoidance legislation, often referred to as IR35, is complex and raises its own problems. The report is not intended to be a comprehensive reference work; instead it focuses on five main areas: (1) The use of personal service companies, relevant legislation and recent trends; (2) the continuing viability of the IR35 legislation; (3) HMRC's administration and the effect of recent reforms; (4) implications for the lower-paid; (5) the public sector. The Committee point to the absence of reliable information collected by HMRC. This could be rectified by amending the personal tax return and employer year end declaration and making the questions on service companies compulsory, rather than optional. HMRC failed to demonstrate that they had a sound basis for the £550m of tax and national insurance that they cited as being at risk if IR35 were to be abolished or suspended. Low-paid workers may not be aware that employment by these companies means they have fewer employment rights.

Parliamentary Debates Hansard

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Author : Great Britain. Parliament. House of Commons
language : en
Publisher:
Release Date : 2014

Parliamentary Debates Hansard written by Great Britain. Parliament. House of Commons and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Great Britain categories.

Managing Public Money

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Author :
language : en
Publisher:
Release Date : 2023

Managing Public Money written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

Managing Conflict Of Interest In The Public Sector

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Author : Howard Whitton
language : en
Publisher: Org. for Economic Cooperation & Development
Release Date : 2005

Managing Conflict Of Interest In The Public Sector written by Howard Whitton and has been published by Org. for Economic Cooperation & Development this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.

Conflicts of interest in both the public and private sectors have become a major matter of public concern world-wide. The OECD Guidelines define a conflict of interest as occurring when a public official has private-capacity interests which could improperly influence the performance of their official duties and responsibilities. However, identifying a specific conflict of interest in practice can be difficult. And resolving the conflicting interests appropriately in a particular case is something that most people find even more challenging. The Toolkit focuses on specific techniques, resources and strategies for: Identifying, managing and preventing conflict-of-interest situations more effectively; and Increasing integrity in official decision-making, which might be compromised by a conflict of interest. This Toolkit provides non-technical, practical help to enable officials to recognise problematic situations and help them to ensure that integrity and reputation are not compromised. The tools themselves are provided in generic form. They are based on examples of sound conflict-of-interest policy and practice drawn from various OECD member and non-member countries. They have been designed for adaptation to suit countries with different legal and administrative systems. FURTHER READING: Managing Conflict of Interest in the Public Service: OECD Guidelines and Country Experiences

The Parliamentary Debates Hansard

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Author : Great Britain. Parliament. House of Lords
language : en
Publisher:
Release Date : 2014

The Parliamentary Debates Hansard written by Great Britain. Parliament. House of Lords and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Great Britain categories.

Government S Response To The Heseltine Review

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Author : Great Britain: Department for Business, Innovation & Skills
language : en
Publisher: The Stationery Office
Release Date : 2013-03-18

Government S Response To The Heseltine Review written by Great Britain: Department for Business, Innovation & Skills and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-18 with Business & Economics categories.

Lord Heseltine, 'No stone unturned: in pursuit of growth' (available at http://www.bis.gov.uk/assets/biscore/corporate/docs/n/12-1213-no-stone-unturned-in-pursuit-of-growth) made 89 wide-ranging recommendations to the Government, across areas of public policy that affect economic growth. Today, the Government announced it is accepting the overwhelming majority of these recommendations and setting out how the Government is addressing the priorities Lord Heseltine identified, equipping the UK to compete and thrive in the global race. At the heart of this is action to reverse excessive centralisation, freeing local areas from Whitehall control and giving businesses and local leaders the power and the funding to do what they need to achieve their potential. The Government will create a new Single Local Growth Fund from 2015 that will include the key economic levers of skills, housing and transport funding, with full details set out at the forthcoming Spending Round. It will also harness the power of competition to get the best from places, negotiating a local Growth Deal with every Local Enterprise Partnership (LEP), with the allocation of the Single Local Growth Fund reflecting the quality of their ideas and local need. This is a something-for-something deal and local areas will be challenged to put in place the right governance across local authorities, pool resources, and find match funding from the private sector. £2.6 billion has already been allocated through the Regional Growth Fund, forecast to deliver and safeguard 500,000 jobs and £13 billion of private investment