Many thanks
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HMRC late payment interest rates to be revised 3 August 2018
Following the Bank of England interest rate rise to 0.75% HMRC interest rates for late payments will be revised.
The Bank of England Monetary Policy Committee voted unanimously to increase the Bank of England base rate to 0.75% on 2 August 2018.
HMRC interest rates are linked to the Bank of England base rate and, as a consequence of the change, HMRC interest rates for late payment will be increased.
These changes will come into effect on: • 13 August 2018 for quarterly instalment payments • 21 August 2018 for non-quarterly instalment payments
Repayment interest rates remain unchanged.
HMRC will update information on the interest rates for late payments shortly to reflect the change.
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Payroll, workplace travel, internet and homeworking 17 August 2018
Payroll isn’t just about paying wages or a salary – it can also be about paying expenses and providing benefits to your employees. As a company director, this may include you.
These live webinars from HMRC explain what you need to do and you can ask questions using the on-screen textbox.
Company directors – payroll and you This webinar covers directors’ pay, Income Tax and National Insurance, sending payroll information and an overview of how to report expenses and benefits to HMRC.
Tuesday 21 August – 3pm to 4pm
Expenses and benefits – phones, internet and homeworking Find out how to deal with tax and National Insurance when an employer provides a mobile phone, internet connection or homeworking expenses to their employees.
Wednesday 22 August – 3pm to 4pm
Expenses and benefits for employees – the workplace and travel
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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