Home - Payroll News
- Recent HR News
- FREE Newsletter
- Payroll and HR FAQs
- Payroll Forum
- Payroll Calendars
- Payroll Tools
- Monthly Brain Teaser
- The Authors
- About Us
- Contact us
P14
The Employer Payment Summary and ‘Split’ Payrolls
An emerging picture could be a concern to employers who have a single PAYE scheme Reference payroll that is split between two, or more, locations. For example: The main payroll is processed in-house, however, the expatriate employees on the payroll are processed externally by accountants For confidentiality reasons, the employees’ payroll is processed [...]
FAQ – Why could there be 53 payments in a tax year and how do we handle the payments?
It is essential that the relevant tax Week or Month is applied to payments in the payroll system. For determining in which tax period a payday falls, an employee’s payday is the earlier of: the date on which the payment is actually made, and the date on which the employee is contractually entitled to be [...]
CARE Qualifying Schemes, SSP Linking letters, Company Vans, UK and Liberia Tax Agreement, Case Law Corner on Retirement Age, Sickness and Annual Leave and Company Vans
The 19th of May has passed and P14s and P35s should, hopefully, have been submitted. I notice that HMRC got itself into hot water last week by issuing P35 reminder letters to employers who had already submitted their P35s. Due to postage issues and crossovers, I suppose it was inevitable that this would happen and [...]
P35 Reminder (3)
We have recently produced articles regarding the looming P35 deadline, which is 19 May 2012 for tax year 2011/12. This can be summarised: P 35 Reminder This was the first communication reminding employers of their year-end filing obligations, outlining the late filing penalties. P35 Reminder (2) This was the second communication, advising the same information. [...]
How Many Years do we have to keep our Payroll Records for?
When requested by HMRC, Regulation 97 of the Income Tax (Pay As You Earn) Regulations 2003 requires employers to ‘produce’ their ‘PAYE records’, other than those that they have already been sent, at a ‘prescribed place’. This is for a period of not less than three years following the tax year to which they relate. [...]
P35 Reminder (2)
HMRC has issued another reminder to employers that the P35 and P14 deadline is 19 May 2012 for the tax year that finished 05 April 2012. They are writing to all employers who have not, yet, sent in their return advising of the penalty charges that will apply for late returns. See our table below: [...]
Q&A on Payment of Share-Based Earnings
HMRC have published their Q&A document on what the employer needs to do in respect of share-based payments made after 06 April 2012 and after a P45 has been issued. These could be in relation to earnings in respect of: Securities Interest in securities, and Securities options These are replicated below: Q1 How should tax [...]
P35 Reminder
Quick as a flash following the end of the tax year, HMRC issued a Return reminder to employers on 19 April 2012. This reminded employers that their annual returns should be sent on time or a penalty will be issued. Just our own reminder of the late filing penalties: Return Deadline Late Filing Penalty P35 [...]
Bye Bye P38(S)
HMRC’s Software Developers Support Team (SDST) made an informal announcement to software developers on 15 March 2012 saying that the P38(S) procedure and form will be withdrawn from tax year 2013/14. This will have an impact on any company that relies on the procedure and form for employing students during their vacation periods. There are [...]
RTI – The Earlier Year Update (EYU)
We have covered four of the five RTI submissions in our Newsletters over the last few months: The Employer Alignment Submission (EAS) – the once-only submission designed to align HMRC’s National Payment System (NPS) with the personal details held in your payroll system The Full Payment Summary (FPS) – probably the main RTI submission made [...]
BASIC PAYE Tools 2012/13
Last week we mentioned that HMRC had updated their PAYE Basic Tools package for the above tax year. A reader made the very valid point that, whilst any employer can use these tools, they are most useful for employers with up to and including 9 employees as at 05 April, including leavers. If the employer [...]
HMRC Basic Tools (2012/13)
HMRC have updated their version of the PAYE Basic Tools package which allows employers to run their payrolls and contains the following main features: An employer database on which employers can process their payroll. The latest version allows employers to complete processing for 2011/12 and start 2012/13 when it arrives P11 Calculator Online filing tool [...]
HMRC takes hard line with employers without computers
No online filing exceptions for employers who do not use computers or who cannot afford to buy one or use a service provider. Almost all employers are required by law to file year-end P14 and P35 Returns and in-year P45 and P46-series forms online. Exceptions are limited to employers operating the simplified deductions scheme for [...]
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 [...]
