Agricultural employers may benefit from total or partial exemption from employer contributions.
Employers have until March 31, 2018, to waive the contribution exemption for the employment of casual workers in favor of the "Fillon" reduction.
Agricultural employers may benefit from total or partial exemption from employer contributions (social insurance, vocational training, supplementary pension, etc.) on the remuneration they pay to casual workers.
Reminder: Casual workers are those recruited, in particular, on seasonal fixed-term contracts, on fixed-term contracts and on a contracts linked to the performance of tasks related to the animal and plant production
cycle (crop, livestock, etc.), forestry work and activities that directly extend the act of production (processing, packaging and marketing). But when they benefit from the partial exemptions which are available for such
contracts, agricultural employers cannot claim the general reduction of employers' social security contributions, known as the "Fillon" reduction, on the remuneration paid to casual workers at the same time.
However, they have the opportunity to waive the exemption for casual work to take advantage of the reduction Fillon instead. Until now, agricultural employers had to waive their renunciation by January 10 of each year.
Example: they had until January 10, 2017 to waive the exemption for the employment of casual workers in respect of remuneration paid in 2016.
From now on, agricultural employers have until March 31 to waive the relative exemption. The waiver must be made in writing (paper or electronic mail) with the Mutualité Sociale Agricole.
Agricultural employers must submit their waivers no later than March 31, 2018 for wages paid to casual workers in 2017.
A network of skills serving the wine sector, which keeps up growing exponentially.
A network of skills serving the wine sector, which keeps up growing exponentially. This is the theme of the convention titled: “DiVino Management. For a winemaking business that aims at excellence” which took place Thursday, March 1st, at the Vecomp Academy in via Dominutti, 2. And which you can still see by following the link www.facebook.com/studioimpresanet/.
This meeting was organized by Cueim, the University Consortium of Industrial and Managerial Economics, Studio Impresa and Vecomp, three Verona-based businesses and by Sistemi Professione Informatica of Turin, who brought together a pool of experts to offer a wide range of assistance and consultancies to Italian businesses in the winemaking sector.
Management, a network of experts specializing in winemaking, took this opportunity to introduce itself to the city. “Our area, but not only our area, is a cradle of winemaking businesses of enormous success which are not, however, always adequately sized and structured when they have to deal with competitors on international markets. Add to this the relevant tax scenario that is complex, and, finally, access to credit is not always fast and sure” says Luca Castagnetti, chartered accountant and founder of Studio Impresa, one of the speakers together with his colleague Luigi Scappini, Davide Gaeta, professor of winemaking economics at the University of Verona and Massimo Marietta, an IT system expert.
“To keep up growing and creating value, sustaining their operating margins, wine businesses have to rely upon experts” he adds. This led to the idea of creating the network, with the participation of professionals in all sectors, from tax matters up to decoding and use of the mass of data that consumers pour into the web, to provide businesses with all the help they need to progress and succeed. As Castagnetti states: “The experiment starts in Verona, but the intention is to extend it to all of Italy”.
Article by Luca Castagnetti, Parter at Studio Impresa, member of HLB's Agriculture Group.
Registered contractors are required to deduct tax at source from payments they make to subcontractors.
Individuals and companies that either sub-contract construction work to others or spend an average of £1 million a year on construction must register as contractors with HMRC under the Construction Industry Scheme (CIS). These rules apply both to UK resident businesses and to non-resident businesses where construction work is undertaken in the UK.
Registered contractors are required to deduct tax at source from payments they make to subcontractors. These deductions are treated as advance payments of the subcontractor’s tax and National Insurance.
Work included within CIS
The scheme covers most construction work including work to permanent and temporary structures and to civil engineering work such as roads and bridges. The type of work includes:
•preparing the site, e.g. laying foundations and providing access works
•demolition and dismantling
•alterations, repairs and decorating
•installing systems for heating, lighting, power, water and ventilation
•cleaning the inside of buildings after construction work
Architecture and surveying are specifically excluded from the scheme, as are some other ancillary services such as carpet fitting, machinery hire without labour and delivery of materials etc.
Responsibilities of contractors
Contractors are required to check whether their subcontractors are registered with HMRC and if so, what their payment status is. Unless a subcontractor has HMRC approved gross payment status, the contractor must deduct tax at source from the money they pay to the subcontractor and must pay this to HMRC on a monthly basis. They must also keep detailed records to demonstrate that the necessary checks have been made.
The applicable withholding tax rate that the contract or must apply depends on the status of the subcontractor, as detailed below.
Responsibilities of subcontractors
Subcontractors are not required to register for CIS with HMRC, but if they don’t register contractors are required to deduct tax of 30% from any payments made to them. For registered subcontractors the standard withholding tax rate is 20%, unless they have approved gross payment status from HMRC.
A subcontractor can apply for gross payment stat us when they register, or at a later time. In order to qualify, the subcontractor will need to be able to demonstrate that all their taxes are up to date, that they are carrying out construct ion work in the UK and that their turnover exceeds the following amounts:
•£30,000 for a sole trader
•£30,000 for each partner in a partnership, or £100,000 for the whole partnership
•£30,000 for each director of a company, of £100,000 for the whole company
New addition to the network.
HLB International, one of the leading global accountancy networks with presence in 150 countries, continues its growth with the recent signing of a new member firm in Costa Rica, Grupo Camacho Internacional S. A. This is a major move and will have a big impact on the Central American market.
Grupo Camacho Internacional S. A. is based in San Jose, the capital city of Costa Rica. Established in 1988, the firm provides services in Transfer Pricing, International Tax, International Tax Restructuring and BEPS. The firm’s Transfer Pricing expertise will be a strategic asset for the HLB network.
Carlos Camacho Cordoba, Managing Partner of Grupo Camacho Internacional S. A., commented: “With a strong focus on meeting the current and potential needs of our clients and a vision towards quality, innovation and achievement of added value for our clients, joining the HLB network will further enhance our client services. We very much look forward to working with HLB members globally.”
Grupo Camacho Internacional S. A. is already working closely with other HLB members in the region and will form part of the federation of representative member firms in Costa Rica, which will make a substantial addition to our Central American and global coverage.
New addition to the network.
HLB International, one of the leading global accountancy networks with presence in 150 countries, continues its growth with the recent signing of a new member firm in Azerbaijan, Ekvita Consulting LLC.
Ekvita Consulting LLC is based in Baku, the capital city of Azerbaijan. Established in 1999 and one of the largest advisory firms in the region, it provides Finance and Accounting Services, General Business Consultancy as well as Tax and Legal Services in Azerbaijan. With clients, including several Fortune 500 companies, operating globally Ekvita Consulting LLC is engaged in government projects as well as international projects sponsored by donor organizations such as the World Bank and the EU.
Ilgar Mehti, Managing Partner of Ekvita Consulting LLC, commented: “Delivering integrated professional services combining general business advisory with strong legal, finance and tax practice we meet our clients underlying needs to provide business-oriented, tailored and practical solutions. We are excited to work together with HLB members and share valuable knowledge and expertise.“
Ekvita Consulting LLC is already working closely on substantial consulting projects with other HLB members in the USA and Eastern Europe and makes a great addition to our Eastern European and global coverage.