{"id":48320,"date":"2014-10-03T10:52:34","date_gmt":"2014-10-03T10:52:34","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=cf47b789e7b9bbce6b836885f7ef03fc"},"modified":"2014-10-03T10:52:34","modified_gmt":"2014-10-03T10:52:34","slug":"three-escs-earmarked-for-withdrawal","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=48320","title":{"rendered":"Three ESCs earmarked for withdrawal"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>HMRC plan to withdraw three extra-statutory concessions (ESCs):<\/p>\n<p>&#13;<\/p>\n<ul>\n<li>&#13;<br \/>\n\t\t<em>Employment Income Manual<\/em> 03002, \u201cProfessional remuneration (income tax)\u201d<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\tSports testimonials (income tax)<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\tD45, \u201cCapital gains tax: roll-over into depreciating assets\u201d<\/li>\n<p>&#13;\n<\/ul>\n<p>The first enables an individual to treat employment income as trading income chargeable to income tax (for a sole trader\/partnership) or corporation tax by relieving the company or organisation paying the remuneration of the obligation to operate PAYE in respect of relevant payments of employment income.<\/p>\n<p>&#13;<\/p>\n<p>The Revenue believes the Department for Environment Food and Rural Affairs (Defra) was the main user of the practice until it amended its own legislation from April 2014 on the &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>HMRC plan to withdraw three extra-statutory concessions (ESCs):<\/p>\n<ul>\n<li>\n\t\t<em>Employment Income Manual<\/em> 03002, &ldquo;Professional remuneration (income tax)&rdquo;<\/li>\n<li>\n\t\tSports testimonials (income tax)<\/li>\n<li>\n\t\tD45, &ldquo;Capital gains tax: roll-over into depreciating assets&rdquo;<\/li>\n<\/ul>\n<p>The first enables an individual to treat employment income as trading income chargeable to income tax (for a sole trader\/partnership) or corporation tax by relieving the company or organisation paying the remuneration of the obligation to operate PAYE in respect of relevant payments of employment income.<\/p>\n<p>The Revenue believes the Department for Environment Food and Rural Affairs (Defra) was the main user of the practice until it amended its own legislation from April 2014 on the &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/48320"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48320"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/48320\/revisions"}],"predecessor-version":[{"id":48456,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/48320\/revisions\/48456"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}