Home
0T!, NICs thresholds, P60, auto enrolment, employee tax queries, employment rights limits, Finance Bill 2011, company cars, Ireland
Friday, December 17th, 2010
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
First, a personal question posted on the Payroll-help Forum this week raises the interesting issue of how a payroll department should handle a situation where the tax rates in the payroll system were set wrongly at the start of the tax year and, when they were corrected mid-year, resulted in a large tax deduction for all employees. If that happened to you, how would you have communicated it to your employees? Feel free to share your views on the payroll forum.
At last we appear to have the final answers on the 0T changes from next April. The final point of clarification came last week when HMRC confirmed to us that code 0T will be used instead of BR for all types of termination payments made after the P45 has been issued.
The likely content of next year’s Finance Bill is reviewed this week – it will take a while to get used to the Coalition government’s new timetables! Draft legislation for the changes to employer-supported childcare is included and we have tried to make sense of it all. We also have a new type of taxable payment to put through the payroll – something to be aware of even if we rarely if ever come across it. And find out what “phoenixism” is in the context of payroll!
The Newsletter is now on holiday for a week and the next issue will be sent out on 4 January.
