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HMRC
RTI Live
Employers will be in the midst of submitting their FPSs for Month 03 and should have completed their EPS for Month 02, where relevant, by 19 June 2013. Of course, many people are still getting to grips with RTI and the new processes and procedures that this brings. HMRC have published a number of useful [...]
RTI Numbers Success
In a press statement dated 12 June 2013, HMRC reported the success of real time reporting in that: Over 1.4 million PAYE schemes are successfully reporting (of an estimated total of 1.6 million). This includes: 83% of Small and Medium Enterprises (SMEs) , i.e. 17% have not filed, and 77% of micro-employers, i.e. 23% [...]
RTI – Non-Reporting Employers
As indicated by their press release of 12 June 2013, HMRC recognises that there are a significant number of employers who are not reporting in real time. They have advised that, from 19 June 2013 they will be writing to those employers where a RTI submission has not been received as at 05 June. The [...]
RTI ‘Easement’ for Small Employers Extended to 2014
In March 2013, HMRC announced a RTI ‘relaxation of reporting requirements for small businesses’. This applied to small businesses (under 50 employees) that pay their employees manually but only process their payroll on a monthly basis. For example, an employee pays staff on a weekly basis in cash but only takes this information to his [...]
P11D Posting Address
The processing of paper forms P11D and P11D(b) has now been centralised and will be dealt with throughout the year by the National Insurance Contributions and Employer Office (NIC&EO) in Longbenton. NIC&EO will process paper forms P11D and P11D(b) for the 2012-13 and earlier tax years, as well as amendments to forms P11D and P11D(b) [...]
P11D – ‘S336’ Claims
Section 336 of the Income Tax (Earnings and Pensions) Act 2003 states as a general rule that a deduction from earnings is allowed for expenses if: The employee is obliged to incur and pay it as a holder of the employment, and The amount is incurred wholly, exclusively and necessarily in the performance of the [...]
The P11D and ‘Payrolled’ Benefits and Expenses
Despite HMRC consideration of formal procedures for replacing P11D reporting with payrolling of benefits and expenses, existing legislation requires employers to submit P11Ds or equivalent lists, even if they have agreements to process the tax liabilities for benefits and expenses through the payroll. HMRC can impose penalties for failure to file P11Ds. The following instructions [...]
Expenses and Benefits Forms 2012/13
For information, please see the below list of P9D and P11D forms for 2012/13: HMRC – P9D 2012/13 HMRC – P9D 2012/13 (Welsh) HMRC – P11D 2012/13 HMRC – P11D 2012/13 (Welsh) HMRC – P11D(b) 2012/13 HMRC – P11D(b) 2012/13 (Welsh) HMRC – P11D Working Sheet 1 (Accommodation) HMRC – P11D Working Sheet 1 (Welsh) [...]
Class 1A National Insurance Reference Checker
Remember that Class 1A National Insurance Contributions (NICs) are due for payment by 19 July 2013. If making the payment electronically, funds must be cleared in HMRC’s account no later than 22 July 2013. See the below links on how to pay Class 1A NICs. Also, when making the payment of Class 1A NICs, the [...]
Consultation on Pensions Individual Protection
An individual can save as much as they like towards their pension but there is a limit on the amount of tax relief that can be enjoyed. The Lifetime Allowance (LTA) represents this limit and the maximum that can be saved in a lifetime to benefit from tax relief. Any savings excess over this is [...]
P35 Interim Penalty Letters
HMRC have started sending 2012/13 Interim Penalty letters to non-RTI Pilot employers where they recognise that the Annual Return (P14s and P35) has not been submitted by 19 May 2013. This advises that a late filing penalty in the sum of £100 may have already been incurred and, at the same time, advises that further [...]
Class 1A National Insurance Reference Checker
Remember that Class 1A National Insurance Contributions (NICs) are due for payment by 19 July 2013. If making the payment electronically, funds must be cleared in HMRC’s account no later than 22 July 2013. See the below links on how to pay Class 1A NICs. Also, when making the payment of Class 1A NICs, the [...]
Expenses and Benefits Forms 2012/13
For information, please see the below list of P9D and P11D forms for 2012/13: HMRC – P9D 2012/13 HMRC – P9D 2012/13 (Welsh) HMRC – P11D 2012/13 HMRC – P11D 2012/13 (Welsh) HMRC – P11D(b) 2012/13 HMRC – P11D(b) 2012/13 (Welsh) HMRC – P11D Working Sheet 1 (Accommodation) HMRC – P11D Working Sheet 1 (Welsh) [...]
OTS Review of Benefits and Expenses
The Learn Centre has been in contact with the Office of Tax Simplification (OTS) offering to give exposure to a research project they are undertaking which will report directly into HM Treasury. They have drafted the following message. which we are conveying in this Newsletter: ‘The OTS is carrying out a review into the area [...]
RTI Live
Employers will be looking forward to submission of their FPSs for Month 03. Remember that the submission of the EPS for Month 02, where relevant, is due by 19 June 2013. Of course, many people are still getting to grips with RTI and the new processes and procedures that this brings. HMRC have published a [...]
RTI Live, BPT and the EYU, Pilot Employers and the P11D(b), RTI and Harvest Casuals and Casual Beaters, Statutory Residence Test Online Indicator, Case Law Seldon v Clarkson Wright and Jakes, SMP / SAP and SPP Calculator on Gov.UK, Tax and NICs Relief for DBS Fees
RTI is nearly into its second month for many employers and you would have hoped that it would be ‘business as usual’. However, even into the second month, it is still evident that there are a lot of issues for both the payroll profession and HMRC. Of course, any new regime is bound to have [...]
Basic Payroll Tools and the EYU
In April 2013, HMRC advised that its own Basic PAYE Tools (BPT) software did not contain the capability to submit the Earlier Year Update (EYU). The EYU is a submission that is used by employers to make corrections to FPS and EPS submissions from a previous year in which they were submitting in real time. [...]
Pilot Employers and the P11D(b)
The same May 2013 Pilot Employer Supplementary Update contained a reminder that the P11D(b) and the payslips used for declaring Class 1A National Insurance Contributions on P11D benefits will be delayed. These forms will be dispatched around 02 July 2013, meaning that employers using this form are liable to miss the 06 July filing [...]
Statutory Residence Test Online Indicator
From 06 April 2013, an individual’s tax residence status in the UK is determined by the Statutory Residence Test (SRT). The SRT applies for the purposes of establishing the residence Status, or the residence status of another person where relevant, for: Income tax Capital Gains Tax and, Where relevant Corporation Tax and Inheritance [...]
SMP / SAP and OSPP Calculator on Gov.UK Website
Many thanks to Brian on our Payroll Forum who pointed out that the Statutory Payment Calculator on the Gov.UK Website (https://www.gov.uk/maternity-paternity-calculator) still uses the 2012/13 rate of £135.45 rather than the correct rate of £136.78 that applied from 07 April 2013. This has been reported. Comment This page can also be accessed via the HMRC [...]
