the employee when they submit their liability payments for the month to HMRC. Whilst the employer is responsible for submitting the figures to, and paying the liabilities across to HMRC, the tax liability figure essentially gets deducted from the employee in the first instance.
The Policy team has notified the relevant HMRC department so that the relevant amendments can be made to avoid any confusion and remove any ambiguity.
Back to Contents
New forms for National Insurance: credits for parents and carers 21 October 2019
In yesterday’s News On Line we reported that The OTS has released guidance that referred to the transparency of HICBC and called for the government to review current arrangements surrounding the charge
HMRC has now published new CF411A PDF versions of forms online that allow parents raising a child below the age of 12 to claim National Insurance credits. This is to ensure that individuals are granted entitlement to the new State Pension should they be in a position where they won’t benefit from physical child benefit payments, if, for example, their partner earns over the threshold and the High Income Child Benefit Charge (HICBC) applies. This transfer of credits essentially maintains the individual’s National Insurance record and ensures that they automatically receive Class 3 NI credits.
Eligible parties can complete the form electronically and submit online or they can complete the PDF form, print and send through the post.
The most recent edition of the Employer Bulletin discusses HICBC in further detail and advises employers to act in a responsible manner and inform any affected staff members about HICBC and also to advise them about completing Self-Assessments to ensure they don’t incur any penalties relating to HICBC. There is also a note to remind those affected that it is still imperative that they complete Child Benefit claim forms, but opt out of receiving payments if they don’t want to be charged, as completion of the form will ensure that the individual still receives National Insurance credits.
Back to Contents
Consultation on draft regulations to report and pay Class 1A National Insurance contributions on termination awards and sporting testimonials 17 October 2019 HMRC have published a technical consultation on draft regulations that will enable employers and testimonial committees to report and pay Class 1A National Insurance contributions on termination awards and sporting testimonials in real time. The draft legislation relates to technical procedures for how Class 1A employer NICs will be submitted through Real Time Information (RTI) and how it will be paid across to HMRC from April 2020 onwards, when the new rules come into force. The CIPP policy team will be studying the consultation and may publish a survey depending on the contents to gather the views of payroll professionals and others with a vested interest. Please keep an eye out on News On Line for the your opportunity to express your invaluable views.
Back to Contents
HMRC publish policy paper relating to the Employment Allowance: excluded persons regulations 2020
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 370 of 629
Made with FlippingBook - Online magazine maker