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Accurate completion of form P11D
The following is an extract from the latest weekly informal updates (dated 25 February) from HMRC to employer representatives. P11D issues HMRC provides comprehensive guidance on expenses and benefits on our website at http://www.hmrc.gov.uk/paye/exb/index.htm. This covers all you need to know about the key forms you will be required to complete, the records you need [...]
Draft PAYE forms for 2011/12
HMRC has released draft versions of form P11, P32, P14 and P60 for the 2011/12 tax year for the use of payroll software developers. They show the way in which the NICs-related changes are being handled on these paper documents. The split of NICable earnings (columns 1a to 1d), as already announced, uses the lower [...]
Only two versions of form P60 available for 2010/11 year end
In October, HMRC announced that the paper P14 for 2010/11, which very few employers are permitted to use, will be a two-part form, the second part of which is the P60 for the employee. A further announcement to payroll software developers indicates that only two versions of the P60 will be available from the Orderline [...]
