The current issue discusses the calculation of tax liabilities on Post-Employment Notice Pay (PENP) for Termination Awards, which has previously been raised as an issue as the figures can vary depending on the year in which the notice has been given.
The Employer Bulletin: October 2019 covers the following material: •
Changes for UK employers sending worker to the EU, the EEA or Switzerland • PAYE Settlement Agreements and Welsh rate of Income Tax • Making your PAYE Settlement Agreement payment • Reporting payroll information accurately and on time • Guidance for employers on reporting PAYE information in real time when payments are made early at Christmas • VAT reverse charge on construction services – introduction delayed by 12 months • Disguised Remuneration • Termination payments: Post Employment Notice Pay for employees paid by equal monthly instalments • PAYE: Desktop Viewer Update • The current PAYE special arrangement under Regulation 141 for Short Term Business Visitors is changing • Do your employees have the right tax code? • Employment Allowance reform – eligibility rules for the Employment Allowance are changing from April 2002 • Do you claim the Apprenticeship Levy Allowance or Employment Allowance? • Changes to company car tax regime • Student and Postgraduate Loans • Advisory Fuel Rates • Your automatic enrolment duties as a new employer • Toolkits – helping to reduce errors • High Income Child Benefit Charge • Childcare vouchers • Trivial Benefits in kind • Paying for fitness equipment
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Employer Bulletin – December 2019 5 December 2019
The latest edition of the Employer Bulletin has been released by HMRC and can be located here.
The bulletin is published on a bi-monthly basis and provides essential information surrounding payroll topics. The CIPP recommends that payroll professionals or those with an interest in payroll read the document in its entirety to ensure that they are aware of any legislative changes that have been announced. The bulletin normally includes reminders relevant to the period that it is released in, and this edition reiterates the fact that there is an easement on reporting PAYE in real time over Christmas. This will be a permanent measure and will apply each December. The bulletin also politely reminds readers that, as the deadline for paying liabilities across to HMRC – the 22nd – falls on a weekend date, that the funds must be cleared in HMRC’s account by the 20th, unless there is the facility to make a Faster Payment. The Bulletin also alerts readers to the upcoming deadline for filing a tax return before the 31 January deadline should the High Income Child Benefit Charge apply to them. This applies in scenarios where an individual earns over £50,000 and either they or their partner are in receipt of Child Benefit payments. The advice given is for employers to inform their staff about the High Income Child Benefit Charge so that they understand their obligations and do not end up facing a penalty. Individuals can fill in the Child Benefit claim form but opt out of receiving payments so that they do not have to pay the charge but this ensures that they still receive National Insurance credits, which protect their state pension.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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