½Û×ÓÊÓƵ

Special tax sites


Produced by a Tolley Employment Tax expert
Employment Tax
Guidance

Special tax sites


Produced by a Tolley Employment Tax expert
Employment Tax
Guidance
imgtext

Special tax sites

Particular tax treatment is in place for ‘special tax sites’. Special tax sites are defined as freeports and investment zones. A list of the sites is included in the First year allowances guidance note

Enhanced tax reliefs at special tax sites include:

  1. •

    enhanced rates of structures and building allowance ― see the Structures and buildings allowance guidance note

  2. •

    enhanced capital allowances for companies investing in plant and machinery ― see the Capital allowances ― overview and First year allowances guidance notes

  3. •

    SDLT relief ― see the Stamp duty land tax ― basic rules for companies guidance note

  4. •

    business rates relief

  5. •

    zero-rate of secondary NIC for special tax site employees ― see below

Zero-rate of secondary NIC for special tax site employees

There is a zero-rate of employer (secondary) Class 1 NIC, up to a bespoke special tax sites upper secondary threshold for NIC (see the Overview of NIC Classes, rates and thresholds guidance note).

Who does the relief apply to?

The relief is for employers only. Employers NIC

Continue reading
To read the full Guidance note, register for a free trial of Tolley+â„¢
TAKE A FREE TRIAL
Powered by
  • 20 Feb 2025 14:51

Home/ ½Û×ÓÊÓƵ Guidance/ Employment Tax / PAYE for employees

Popular Articles

Personal Tax

Income tax losses ― overview

Income tax losses ― overviewIncome tax losses can arise due to a number of reasons, but not all losses can be relieved against total income and some losses can only be set against certain types of component income. The table below is a summary of the main reliefs for income tax losses.Summary of

04 Mar 2021 12:19 | Produced by Tolley Read more Read more
Personal Tax

Payment of tax due under self assessment

Payment of tax due under self assessmentNormal due dateIndividuals are usually required to pay any outstanding income tax, Class 2 and Class 4 national insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2025 for the 2023/24 tax year).

14 Jul 2020 12:52 | Produced by Tolley Read more Read more
Owner-Managed Businesses

Interest on late paid tax

Interest on late paid taxIntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.Harmonised legislation was introduced in 2009 to:•set statutory

14 Jul 2020 12:00 | Produced by Tolley in association with Philip Rutherford Read more Read more