HMRC has published draft P60 forms specifically for payroll software developers. The forms are for the tax years 2015-16 and 2016-17.
Follow the links below to access the forms.
PAYE draft forms: P60 (2015 to 2016) PAYE draft forms: P60 (2016 to 2017)
Northern Ireland statutory limits on awards and payments 24 February 2016
The The Employment Rights (Increase of Limits) Order (Northern Ireland) 2016 revises the limits on awards and payments under certain employment rights legislation in line with the rate of inflation and came into effect on 14 February 2016.
Schedule table of increase of limits
Relevant statutory provision
Subject of provision
Old Limit New Limit
Article 40(6) of the 1995 Order
Minimum amount of compensation awarded by the industrial tribunal where individual expelled from union in contravention of Article 38 of the 1995 Order and where, when the application is made, the applicant has not been re-admitted to the union. Maximum amount of “a week’s pay” for the purpose of calculating a redundancy payment or for various awards including the basic or additional award of compensation for unfair dismissal.
£9,000
£9,100
Article 23(1) of the 1996 Order
£490
£500
Article 63(1) of the 1996 Order
Limit on amount of guarantee payment payable to an employee in respect of any day.
£25.60
£25.90
Article 77E(3) of the 1996 Order
Amount of award for unlawful inducement relating to union membership or activities, or for unlawful inducement relating to collective bargaining. Minimum amount of basic award of compensation where dismissal is unfair by virtue of Article 132(1)(a) and (b), 132A(d)( 1 ), 133(1), 134 or 136(1) of the 1996 Order.
£3,900
£4,000
Article 154(1) of the 1996 Order
£5,900
£6,000
Article 158(1) of the 1996 Order
Limit on amount of compensatory award for unfair dismissal.
£78,400
£79,100
Article 231(1) of the 1996 Order
Limit on amount in respect of any one week payable to an employee in respect of debt to which Part XIV of the 1996 Order applies and which is referable to a period of time.
£490
£500
New Dividend Allowance will affect PAYE tax codes 1 March 2016
From 6 April 2016 the Dividend Tax Credit will be replaced by a new Dividend Allowance in the form of a 0% tax rate on the first £5,000 of dividend income per year. This tax will be collected automatically through PAYE in most cases. As announced in the Summer Budget 2015 a new Dividend Allowance in the form of a 0% tax rate on the first £5,000 of dividend income per year is to replace the Dividend Tax credit from 6 April 2016. HMRC’s Policy Paper provides details:
UK residents will pay tax on any dividends received over the £5,000 allowance at the following rates:
CIPP Policy News Journal
25/04/2016, Page 303 of 453
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