RTI Live, The Employer Payment Summary – UPDATE, RTI Occupational Pension Indicator, OTS Review of Expenses and Benefits, ACAS Imitators, HMRC Debt Collection Visits and Jury Service until 75.
Having received a dreaded P800 tax calculation, I have experienced at first-hand the annoying wait until I actually got through to a human being at HMRC. After 30 minutes of waiting, I was actually becoming quite annoyed with the woman who kept saying ‘thanks for waiting’, as if I had a choice. The choice of […]
Spare a thought for the payroll team at ASDA, part of the supermarket Walmart Group. The payroll and national press have reported that a ‘quirk’ in the tax system has led to 170,000 employees underpaying a total of £12 million to HMRC in income tax. This ‘quirk’ was, simply, the operation of a Week 56 […]
On 11 July 2011, HM Treasury asked the Office of Tax Simplification (OTS) to look at simplifying the system for the estimated 5.6 million people of pensionable age who pay tax. Specifically, the remit was to identify the parts of the tax system that caused the greatest difficulty, especially where pensions are received from multiple […]
FAQ – Some of our employees have been notified of tax underpayments as a result of a Week 53 situation in the previous tax year. Why could this be?
Since tax started to be collected via PAYE, the system has had to make adjustments for the fact that there are these additional paydays in a tax year. The fact remains, however, that tax is due on the taxable pay paid in this extra pay period and, likewise, this is assessable to tax. To ensure […]
In March, we advised that we had been communicating with HMRC about underpayments of tax that may arise from the correct application of Week 53 procedures. Tax is collected via PAYE on a provisional basis to ensure, amongst other things, that there are no fluctuations in net pay simply as a result of there being […]
The Learn Centre (TLC) has received quite a few queries about the possibility of underpayments of tax due to increased instances of Week 53 situations in the 2011/12 tax year. Therefore, this warranted an in-depth discussion on the topic. The tax year is divided into 52 weeks, 26 fortnights or 13 four-weekly pay periods. However, […]
HMRC has started to send out Tax Calculations for the 2010/11 tax year. The annual process of issuing P800 Tax Calculations to taxpayers who have either overpaid or underpaid tax during the 2010/11 tax year began in July. HMRC is issuing Calculations for overpaid tax initially and those for taxpayers who have underpaid tax will […]
Each week we receive a number of payroll questions on our forum, and here are this week’s batch. Can you help with any answers? Forum posts: Deduction for sick pay I recently had to have a day off sick as my daughter was unwell and unable to attend school. When I received my payslip it […]
HMRC’s weekly informal email to employer representatives dated 15 October provides more detail about the conduct and progress of the P800 Tax Calculation exercise. Employers and representative bodies have asked us for more information about timelines and volumes so that you can manage the expectations of your employees and clients. NPS will attempt to reconcile […]
As reported in an earlier newsletter, HMRC started to send out in early September a letter direct to individual taxpayers, informing them that HMRC’s records indicate that they have paid too much or too little tax for the tax years 2008/09 or 2009/10 tax years. The letter is accompanied by a P800 Tax Calculation form […]