Payroll news
And briefly… ● Employer Bulletin – HM Revenue & Customs (HMRC) has published Issue 69 of the Employer Bulletin (http://bit.ly/2AHKq7l). ● RTI review – HMRC has published its post implementation review of real time information (RTI) which addresses whether the programme achieved what it set out to do, how RTI is performing and what needs to be done to improve performance and make best use of this strategic asset for government (http://bit.ly/2Dx3pOO). ● Named and shamed – The Department for Business, Energy and Industrial Strategy has named 260 employers for failing to pay 16,000 workers at least national minimum wage rates (http://bit.ly/2y7nyYO). ● Tax codes – In December 2017, HMRC began issuing revised tax codes for this tax year reflecting interest individuals received on their savings reported by banks etc for tax year 2016–17. The revised tax codes include estimated interest for the 2017–18 tax year (http://bit.ly/2lhYoDp). Advisory fuel rates THE ADVISORY fuel rates changed with effect 1 December 2017 and apply, until further notice, to all journeys made on or after this date. For one month from the date of change, employers could choose to use either the previous or revised rates. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either. Engine size Petrol Diesel LPG Up to 1400cc 11p 9p 7p 1401cc to 1600cc 14p 9p 9p 1601cc to 2000cc 11p Over 2000cc 21p 13p 14p AE earnings trigger and thresholds THE DEPARTMENT of Work and Pensions (DWP) has proposed annual earnings trigger and qualifying earnings (QE) thresholds for 2018–19: ● the earnings trigger will stay at £10,000 ● the QE lower limit will increase to £6,032 (from £5,876) ● the QE upper limit will increase to £46,350 (from £45,000). The derived weekly and monthly equivalents of the lower and upper limits have yet to be announced.
Statutory payments 2018–19 THE DWP has announced proposed revised amounts for various statutory payments from April 2018. Note that though the DWP has yet to confirm the effective dates, the following reflects the position of most changes occurring on the first Sunday in April. ● Statutory sick pay (SSP) – The weekly rate of SSP increases to £92.05 with effect 6 April 2018. To be entitled to SSP for any periods of incapacity for work (PIW) commencing on or after 6 April 2018 (and which do not link to an earlier PIW) employees must have average weekly earnings (AWE) of at least £116. ● Statutory maternity pay (SMP) – The weekly rate of SMP increases to £145.18 with effect Sunday 1 April 2018. To qualify for SMP, the employee must have AWE of at least: ❍ £116, if the baby is due on or after 15 July 2018 ❍ £113, if the baby is due on or before 14 July 2018. ● Statutory adoption pay (SAP) – The weekly rate of SAP increases to £145.18 with effect Sunday 1 April 2018. To qualify for SAP the employee must have AWE of at least: ❍ £116, if the matching or notification occurs on or after 1 April 2018 ❍ £113, if the matching or notification occurs on or before 31 March 2018. ● Statutory paternity pay (SPP) – The weekly rate of SPP increases to £145.18 with effect Sunday 1 April 2018. To be entitled to SPP the employee must have AWE of at least: ❍ £116, if the baby is due on or after 15 July 2018 (or the adoption matching or notification occurs on or after 1 April 2018) ❍ £113, if the baby is due on or before 14 July 2018 (or if the adoption matching or notification occurs on or before 31 March 2018). ● Statutory shared parental pay (SShPP) – The weekly rate of SShPP increases to £145.18 with effect Sunday 1 April 2018. To be entitled to SShPP the employee must have AWE of at least: ❍ £116, if the baby is due on or after 15 July 2018 (or the adoption matching or notification occurs on or after 1 April 2018) ❍ £113, if the baby is due on or before 14 July 2018 (or if the adoption matching or notification occurs on or before 31 March 2018). If the employee’s maternity, adoption, shared parental or paternity pay period started on a day other than a Sunday, the new weekly rate of SMP, SAP, SPP or SShPP does not apply until the beginning of the first complete SMP-, SAP-, SPP- or SShPP-week following Sunday 1 April. Confirmation is expected that employers will continue to be able to recover 92% of SMP, SAP, SPP and SShPP and that ‘small’ employers will be able to recover 100% of SMP, SPP, SAP and SShPP plus a further 3% as ‘compensation’ for the employer (secondary) National Insurance contributions incurred.
Diary dates
Automatic enrolment staging date for new employers where PAYE income first payable between 1 July 2017 and 30 September 2017 Filing date for the form P46(Car) for the quarter to 5 January
1 February
2 February
5 February
Last day of tax month 10
6 February
First day of tax month 11
Last day for submitting a real time information employer payment summary to apply to tax month 10 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic method Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
19 February
22 February
| Professional in Payroll, Pensions and Reward | February 2018 | Issue 37 18
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