Current legislation does not allow HMRC to obtain information for debt collection purposes or where a company, usually created in contrived circumstances, has no tax liability. A change that is discussed here would allow HMRC to access information that was reasonably required for all its tax functions, including the collection of tax debt.
The consultation will run until 2 October 2018.
The policy team will be reviewing the consultation in full and if deemed necessary will invite your opinions via an electronic survey.
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CWG2 update 9 May 2019
The CWG2 for 2019-20 ‘Employer further guide to PAYE and National Insurance contributions’ has received an update to the section on standard payments made when, or after, an employee leaves.
For the purposes of this guidance, ‘standard’ payments mean such items as: • the final payment of salary or wages • holiday pay • week-in-hand payments • bonuses
See section 1.14 of the CWG2 to view the full update.
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Half of workers not checked their Personal Tax Account 10 May 2019
According to research from the Post Office, 46% of UK workers have never checked their personal tax account, despite a third saying they wish they had a better understanding of their tax.
HMRC launched the Personal Tax Account in 2015-16 to enable individuals to manage their own tax affairs online. These secure digital tax accounts bring together each individual customer’s details online in one place.
According to HMRC, from April 2016, almost every individual will be able to access their own digital account, promised to be simple, personalised and secure, and offering an increasing range of services.
According to Moneywise the research from the Post Office shows many workers are not taking the opportunity to check on their tax affairs. 46% have never checked their personal tax accounts, despite nearly a third (29%) wanting a better understanding of their tax affairs.
When it comes to personal tax accounts, 25 to 34-year-olds are the most active age group, with 43% having accessed their account multiple times compared to the national average of 38%.
However, many in this group are unaware of what the service can be used for, with nearly a third (32%) falsely believing it can show you where your tax is spent, with one in five (22%) believing it can be used to complain about how much tax they pay.
More than half (54%) of 45 to 54-year-olds have not checked their personal tax account, despite the fact it can be used to keep up to date with state pension contributions.
Those approaching retirement are least likely to have checked their personal tax account.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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