Whilst it isn’t mentioned in the article we would consider that the employer ensure that security of the information being transferred by email be given the same consideration as that of payslips.
Real Time Information internet submissions technical specifications 3 July 2015
HMRC SDST have published updated RIM artefacts, valid samples and supporting technical specifications for software developers.
RIM artefacts, valid samples and supporting technical specifications for software developers can be found for the 2015-2016 tax year and for the 2016 -2017 tax year at RTI Internet Submissions 2015-2016 and RTI Internet submissions 2016-2017 .
Reduction in rate of taxation of lump sum death benefits 10 July 2015
Taxable lump sum death benefits paid to an individual who is the ultimate beneficiary will no longer be subject to the special lump sum death benefits charge at 45%. They will be taxed as pension income and tax will be deducted under PAYE. Changes are being made so that where a lump sum death benefit is taxable it will be subject to the recipient’s marginal rate of tax where the lump sum is paid directly from the pension scheme to an individual who is the ultimate beneficiary.
Legislation will be introduced in Summer Finance Bill 2015 to amend FA 2004 and ITEPA 2003 and the measure will have effect in relation to lump sums paid on or after 6 April 2016.
Taxation of lump sum death benefits
Time to Pay arrangements - direct debit to become mandatory 15 July 2015
HMRC has provided advance notice about a change to the way they will expect customers to pay future agreed time to pay arrangements.
HMRC can use discretionary powers to agree to payment of a debt by instalments after the due date, where the customer is genuinely unable to pay by the due date and is able to commit to agreed payments to bring their tax up to date.
Direct Debit has always been HMRC’s preferred method of payment for any regular time to pay arrangement, however from 3 August 2015 payment by direct debit will be mandatory.
HMRC are moving to direct debit by default because:
It is more cost effective and more secure than other payment methods It removes the chance that the customer will forget to make payment Payments are more likely to be correctly allocated Reduces the need for subsequent customer contact, saving time for the customer and HMRC Direct Debit scheme includes a guarantee to protect the customer.
HMRC recognise that there will be exceptional circumstances where a customer is unable to set up a direct debit, perhaps because their bank account will not allow it. In such cases payment by other methods may be agreed.
It is not HMRC’s intention to routinely revisit any existing non-direct debit agreements however for any new agreements they will expect the customer to agree to payment by direct debit.
If readers have clients who can’t pay their tax liabilities on time and need to request time to pay, you might want to make them aware of this and advise them to have bank details available ready to set up the direct debit.
CIPP Policy News Journal
25/04/2016, Page 274 of 453
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