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Tax Alert - July 2014


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July 2014 Tax alertTax Alert is a monthly publication that keeps you up to date with the latest developments in tax. The alert is compiled by our national tax specialists who are continually monitoring the outlook for new tax developments and analysing the implications for our clients.

Employee allowances: the final chapter?

On 30 June 2014 the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill (“the Bill”) received royal assent.  The passing of this bill largely brings to an end the long running employee allowances saga, one which has spanned a number of years and many Tax Alert articles, and also provides more clarity in terms of Inland Revenue’s position as to how taxpayers should be treating certain employee allowances.

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