26 November 2018
The Partnership pack: preparing for a 'no deal' Brexit which was published last month to help businesses plan for the possibility of a ‘no deal’ EU Exit, has been updated.
Several sections of the pack have been updated, and new sections have been added about what to expect on day one of a 'no deal' EU exit for people travelling to the EU with a UK passport and people travelling with pets.
You can use this pack for your own contingency planning and if relevant to also help your customers, members and clients:
• To think about how they will need to adapt their business to comply with new systems, processes and controls • To assess the impact of the increased demand for customs declarations on their business • To consider whether they need to recruit and train additional staff • To stay up-to-date with these changes (register for HMRC’s EU Exit update service).
The Partnership pack provides key stakeholders and intermediaries working with businesses with a high-level guide to customs processes and procedures that are likely to apply in a ‘no deal’ scenario.
For 2 years, the government has been implementing a significant programme of work to ensure the UK will be ready from day one in all scenarios, including a potential ‘no deal’ outcome in March 2019.
HMRC has said that it has always been the case that as we get nearer to March 2019, preparations for a ‘no deal’ scenario would have to be accelerated. “Such an acceleration does not reflect an increased likelihood of a ‘no deal’ outcome. Rather, it is about ensuring our plans are in place in the unlikely scenario that they need to be relied on.” All the information in the partnership pack is broken down into different sections relevant to each user group, where you can find: • the sections that everyone needs to read • resources to help your communications with customers, clients and members • sections that are relevant to your industry or type of business.
The partnership pack is also available to read as a single pdf document (second edition).
Future editions of this pack will include additional information around policies that will impact trade at the border.
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Employers choosing to reimburse their staff for the cost of the EU Settled Status scheme 17 January 2019
From 30 March 2019 European Union (EU) citizens and their family will be able to apply to get either settled or pre- settled status.
Where an employer pays or reimburses their employees’ application, such a payment will be taxable as employment income as the payment is of direct monetary value to the employee.
However employers can also choose to meet the cost of this tax charge for their employees. For many employers this can be managed using their existing arrangements with HMRC, using a PAYE Settlement Agreement (PSA) which allows employers to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for their staff.
For further information on PSAs go to GOV.UK.
This information was highlighted in the December 2018 issue of HMRC’s Employer Bulletin.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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