The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Autumn Statement 2016 on decisions made in light of those responses. Any policy changes are expected to feature as part of Finance Bill 2017.
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Consultation on alignment of dates for making-good on benefits-in-kind 12 August 2016
A consultation has been published to explore the scope for aligning the ‘making good’ rules for benefits-in-kind with those which apply to ‘making good’ where the employer accounts for the benefit-in-kind in real time through PAYE. It was announced at Budget 2016 that the government would consult on proposals to align the dates by which an employee has to make a payment to their employer in return for a benefit-in-kind they receive, in order to ‘make good’.
The aim is to have a simpler and clearer system that makes it easier for employers and employees to understand their obligations.
The consultation on alignment of dates for making-good on benefits-in-kind will run until 4 October 2016 . Watch out for a survey from the CIPP Policy team as we will be asking for your feedback to inform our formal response.
The government will publish details of the consultation responses and expects to make an announcement at Autumn Statement 2016 on any decisions made in light of those responses.
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Consultation on simplifying the PAYE Settlement Agreement (PSA) process 12 August 2016
A consultation has been published on proposals to simplify the process used for agreeing and reporting items in a PAYE Settlement Agreement.
The government is not proposing to widen the scope of PSAs. This consultation sets out proposals to reform the PSA process, to:
make it simpler for both employers and HMRC to administer PSAs provide greater clarity about what can and cannot be included in a PSA.
This consultation is in response to the Office of Tax Simplification’s (OTS) second report on employee benefits and expenses published in January 2014.
The consultation on simplifying the PAYE Settlement Agreement (PSA) process will run until 18 October 2016 . Watch out for a survey from the CIPP Policy team as we will be asking for your feedback to inform our formal response.
Once the consultation has closed the government will consider all responses - both written and gained through stakeholder meetings - and will publish a response document later this year which will set out the next steps.
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