Students Working During Holidays – HMRC change of mind on procedures requiring a new tax code

• Recommend on Facebook
• 
• Share on Linkedin
• share via Reddit
• Tweet about it
• Subscribe to the comments on this post
• Print for later
• Tell a friend

Following extensive consultation during 2008, HMRC announced that new procedures would be introduced from April 2011 for simplifying the current P38(S) procedures for students earning less than the personal allowance during a tax year.  The new procedures would have involved the introduction of a special tax code that would only deduct tax once earnings exceeded the personal allowance.

In the latest Notes for Payroll Software Developers, HMRC has announced that the work involved to make this change possible will not now happen and alternative options are to be explored with stakeholders as to how simplification can be achieved without the need for a specific student tax code.

Further information:

Notes for Payroll Software Developers  April 2010

This entry was posted on Wednesday, April 7th, 2010 at 10:15 and is filed under P14 / P60 / P35 / P38A payroll returns, Students. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.