Policy News Journal - 2016-17

The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal

Instead of taking forward the proposed framework for consultation, HMRC’s next steps will be to look at other areas of T&S that are worthy of review where real progress can be achieved. HMRC will continue to work to improve the rules and to look for simplifications to improve reporting requirements for T&S. By focusing on smaller, more achievable changes, they hope to deliver tangible improvements for employers.

CIPP response to the HMT Travel and Subsistence: discussion paper - December 2015

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CIPP webcast on expenses and benefits changes 5 May 2016

From 6 April 2016 a package of measures were introduced that aim to simplify one of the more complex areas of payroll, Benefits in Kind. Ensure you are up to date with the changes.

The CIPP Policy Team has produced a short webcast which provides an overview of the:

 abolition of £8,500 reporting threshold  statutory exemption for qualifying business expenses replacing dispensations  statutory framework for voluntary payrolling  statutory exemption for trivial benefits.

CIPP webcast on expenses and benefits changes

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480 (2016)Expenses and benefits tax guide 19 May 2016

The 480 which explains the tax law relating to expenses payments and benefits received by directors and employees has been updated to reflect changes to the information regarding zero van emissions.

Paragraph 14.4 under Chapter 14 ‘Vans available for private use’ now reads:

If the van cannot in any circumstances emit CO2 by being driven, the charge for 2010 to 2015 inclusive was nil.

From 2015 to 2016 if the van cannot emit CO2 by being driven and the tax year is any year between 2015 to 2016 and 2021 to 2022 the cash equivalent is the appropriate percentage of £3,150 as follows:

 20% for 2015 to 2016  20% for 2016 to 2017  20% for 2017 to 2018  40% for 2018 to 2019  60% for 2019 to 2020  80% for 2020 to 2021  90% for 2021 to 2022

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Industry urges radical action to tackle sickness absence 14 June 2016


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