Review of the tax arrangements of public sector appointees
Author | : Great Britain: H.M. Treasury |
Publisher | : The Stationery Office |
Total Pages | : 24 |
Release | : 2012-05-23 |
ISBN-10 | : 0101835027 |
ISBN-13 | : 9780101835022 |
Rating | : 4/5 (022 Downloads) |
Download or read book Review of the tax arrangements of public sector appointees written by Great Britain: H.M. Treasury and published by The Stationery Office. This book was released on 2012-05-23 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.