HMRC introduces ‘set-off’ changes for off-payroll working rules to tackle double taxation
In a recent move, HMRC addresses double taxation concerns in off-payroll working rules. Changes allow the set-off of tax and NICs paid by workers against deemed employer PAYE liability, promoting a fairer distribution of tax costs.
Effective from April 6, 2024, the new policy prevents income from being taxed twice, streamlining settlement processes. Compliance cases nearing settlement may be paused for set-off consideration. The set-off approach reassures clients, ensuring a more equitable solution.
Contact us for more information.
London: 020 7060 1811
Comments