PAYE Settlement Agreements for Scottish Income Tax 16 October 2018
The PSA1 form that employers complete to submit PAYE Settlement Agreements (PSAs) has now been updated to take account of the variable rates and thresholds for Scottish Rate tax payers.
When a PSA1 is completed for the 2018 to 2019 tax year the employer will now be asked whether the ‘expense or benefit’ is for a Rest of the UK (rUK) taxpayer or a Scottish taxpayer and depending upon the response, this will allow the calculations to be made using the rates and threshold relevant to Scottish Income Tax.
CIPP comment The CIPP policy team would value hearing from members about their experience under the simplified PAYE Settlement Process (PSA) by email to policy@cipp.org.uk.
Thank you.
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Little Bacs Guide to Maintaining Accurate Payment Details 17 July 2018
Bacs have collaborated with the CIPP to produce the latest addition to their Little Bacs Guides series – The Little Bacs Guide to Maintaining Accurate Payment Details.
The guide will help operational payroll and HR teams address some of the perceived barriers in updating records, identifying key personnel to communicate to and help recognise common areas where processes may break down.
The content is based on the Service User’s Guide and Rules to the Bacs Direct Credit Scheme (a resource for organisations providing all the information about what they need to do to use the Bacs Direct Credit Scheme), with a specific focus on processing and acting on AWACS advices (Advice of Wrong Account for Credit Service).
The guide has been produced in collaboration with payroll professionals, payroll software providers, service users and the Chartered Institute of Payroll Professionals (CIPP).
The Little Bacs Guide to Maintaining Accurate Payment Details
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Employment Related Securities Bulletin 24 September 2018
The latest Employment related securities (ERS) bulletin provides a reminder that from 1 September 2018 employees with a savings contract under a SAYE scheme can delay monthly contributions on a maximum of up to 12 occasions.
SAYE extended pause Autumn Statement 2017 announced an extension to the SAYE savings holiday for employees from 6 to 12 months. From 1 September 2018 employees with a savings contract under a SAYE scheme can delay monthly contributions on a maximum of up to 12 occasions, without causing the savings contract to be cancelled. Employment related securities (ERS) bulletins give information and updates on developments relating to employment- related securities, including the tax-advantaged employee share schemes. Also included in this latest ERS bulletin is information on:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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