Investegate |Crimson Tide PLC Announcements | Crimson Tide PLC: Placing to raise up to £6.0 million investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
EIM03050 - Employee Ownership Trusts – qualifying bonus payments: introduction
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
Chapter 10A Part 4 ITEPA 2003
Bonus payments made to employees are normally taxable under section 62 ITEPA 2003. Chapter 10A Part 4 ITEPA 2003 provides a limited exemption from this by allowing qualifying bonus payments of up to £3,600 to be made tax free by certain companies in relation to payments made after 1 October 2014. Please note that this exemption does not extend to NICs, which follow the normal treatment for earnings.
In order to make qualifying bonus payments free of tax, certain conditions must be satisfied. Some of these conditions relate to the nature of the payment, the calculation of the payment and the terms of the bonus scheme, some are conditions detailing the eligibility to participate in the bonus scheme, some are conditions surrounding the
Nigeria: Senate Passes Finance Bill 2020 allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Vanguard News
Senate passes Finance Bill 2020
On
Senate
The Senate on Tuesday passed the Finance Bill 2020, transmitted by President Muhammadu Buhari on Nov. 25 for consideration.
The bill, which has 77 clauses was passed following adoption of the report of Senate Joint Committee on Finance, Customs, Excise and Tariff, Trade and Investment and Public Procurement at the Committee of the Whole.
Chairman of the Joint Committee, Sen. Solomon Adeola (APC – Lagos) while presenting the report, said the finance bill 2020 sought to amend 17 key finance Acts.
He listed the some of the Acts to include; Capital Gains Act, Companies Income Tax Act, Industrial Development (Income Tax Relief) Act and Personal Income Tax Act.
FG orders telcos to block all SIMs without NINs | 5 Things That Should Matter Today » YNaija ynaija.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ynaija.com Daily Mail and Mail on Sunday newspapers.