490 Employee travel - tax and NICs guide for employers 28 August 2015
HMRC has updated the 490 guide on the tax and National Insurance contributions treatment of business travel by employees.
Follow the link below to view the guide.
490 Employee travel - tax and NICs guide for employers
Travel and subsistence framework discussion paper 24 September 2015
The government has published a discussion paper that sets out the case for change to the current rules for tax relief on travel and subsistence rules.
Background In response to the Office of Tax Simplification’s (OTS) January 2014 report on the tax treatment of employee benefits and expenses, ‘ Review of employee benefits and expenses: second report ’, the government announced at Budget 2014 that it intended to review the rules underlying the taxation of travel and subsistence expenses . On 31 July 2014 the government launched the first stage of that review. It sits alongside the consultations on expenses and benefits and the broader call for evidence on remuneration launched on 18 June, both of which are intended to complement this work. The government has now published a discussion paper that sets out the case for change to the current rules for tax relief on travel and subsistence rules. This discussion paper has been developed following an initial round of discussions with stakeholders who got in touch with the review team shortly after the review was launched in July 2014. The Travel and subsistence framework discussion paper outlines a potential framework to tackle some of the issues that were identified during these discussions. The government would now like to seek views on this framework and has set out a number of key questions to test with interested stakeholders.
CIPP comment The Policy Team will be asking for member opinion over the next few weeks to help inform the CIPP’s response to this discussion paper.
Payrolling online service now open for registration 13 October 2015
You can now register to use the new Payrolling Benefits in Kind (PBIK) online service to tax your employees’ benefits and expenses through the payroll from April 2016. To avoid being sent multiple tax codes for your employees you need to register before the annual coding process which usually starts around 21 December. From 6 April 2016 you will need to use the new Payrolling Benefits in Kind (PBIK) online service if you want to payroll your expenses and benefits. This new service replaces the current informal payrolling process and if used, then from 2016, P11Ds for employees will no longer need to be submitted to HMRC.
You can now register to use the Payrolling Benefits in Kind online service, either to start or continue payrolling in the 2016 to 2017 tax year. Registration for the new service must be completed by 5 April 2016.
The only benefits you can’t payroll using this service are:
CIPP Policy News Journal
25/04/2016, Page 144 of 453
Made with FlippingBook - Online magazine maker