Payroll news
Payroll news
Payroll Assurance Scheme Don’t wait until it’s too late
And briefly… ● Employer Bulletin – HMRC has published Issue 75, October 2018, which can be found here: https://bit.ly/2yzXLux. ● Bereavement leave etc – The government has published its response to the parental bereavement leave and pay consultation confirming key aspects of the policy to be set in regulations (https://bit.ly/2AHzy7K). ● send confirmation of payee requests and present responses to their customers by 1 July 2019. Confirmation of payee THE AUTHORISED Push Payment (APP) Scams Steering Group, established by the Payment Systems Regulator (PSR) earlier in 2018, has published a consultation on its industry code for the reimbursement of victims of authorised push payment (APP) scams. The PSR has also confirmed it plans to consult by December 2018 on using its regulatory powers to give a general direction to banks and payment service providers (PSPs) to implement confirmation of payee which is an important tool for preventing APP scams. The proposed direction would require banks and PSPs that are participants in the faster payments system to: ● be capable of receiving and responding to confirmation of payee requests from other PSPs by 1 April 2019
Scottish income tax and PSAs FORM PSA1 that employers must complete to submit a pay as you earn (PAYE) settlement agreement (PSA) for tax year 2018–19 now asks whether the expense or benefit is for a rest of the UK taxpayer or a Scottish taxpayer. This enables provision of PSA details using the rates and threshold changes for Scottish income tax. HM REVENUE & Customs (HMRC) is close to introducing a new facility to notify employers when they are operating a different tax code for employees to the code held on its system. This facility will help ensure more taxpayers pay the right tax at the right time and reduce the number of those receiving unexpected tax bills at the end of the year. Where a taxpayer’s financial circumstances change between 6 January 2018 and 5 April 2019 and the amount of tax due in the current year is affected, HMRC will adjust their tax code, but only start collecting the tax from 6 April 2019, to make tax changes more manageable for the individual. As HMRC implements the new facility, some employers and pension providers could receive more tax codes over the first few months. HMRC and incorrect tax codes
With penalties for non- compliance of up to £10,000 per day * , can your business afford not to be CIPP Payroll Assurance Scheme accredited.
Desktop viewer update AN UPDATED version of the PAYE viewer – which can be found here: https://bit.ly/2uTEVPi – includes two new student loans generic notification service messages for employers to check where they may have applied the wrong plan type or shown the zero deduction amount inappropriately. Diary dates
5 December
Last day of tax month 8
6 December
First day of tax month 9
Last day for submitting a RTI employer payment summary to apply to tax month 8 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non- electronic method Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
For more information: Visit: cipp.org.uk/PAS Email compliance@cipp.org.uk Call: 0121 712 1000 Live chat with us
19 December
22 November
5 January
Last day of tax month 9
6 January
First day of tax month 10
Last day for submitting a RTI employer payment summary to apply to tax month 9 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non- electronic method Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
19 January
22 January
cipp.org.uk @CIPP_UK
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Issue 46 | December 2018 / January 2019
| Professional in Payroll, Pensions and Reward |
*correct at time of publication
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