Introduction to Newsletter 18.03.10Friday, March 19th, 2010
There seemed to be no end to the number of payroll news items that appeared over the past week. Right at the end of the week, new tax Regulations were made removing the requirement for P60 Certificates to be issued to employees in paper form. This opens the way for them to be send electronically, in the same way that many employers are now issuing payslips. However, the Regulations apply only in relation to the 2010/11 tax year and beyond so it looks as if this relaxation of the rules will not be available until April/May 2011. We are awaiting HMRC’s confirmation of this.
We also sought comments from HMRC on the relatively little guidance available to employers on the 10-year programme for equalising the state pension age that starts in April. HMRC’s response was helpful but employers are very much on their own in devising procedures for changing NICs Table letters at the correct times.
Otherwise, lots of news items on lots of different subjects…