The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
HMRC’s Software Developers Support Team (SDST) has provided information which details changes to the Government Gateway service over the next two years. As part of this project they need software developers to please complete a short questionnaire.
In summary, the changes are set out below but SDST has also provided a slide presentation which provides further information on the changes, the impacts on software developers and also actions required.
Project RATE (Replication of APIs for Transaction Engine) - the main change affecting third-party applications will be a new domain name of the URL for the Transaction Engine end points secure.dev.gateway.gov.uk and secure.gateway.gov.uk. Project EMAC - to understand how many software developers provide applications that use the Government Gateway Public API, documented here , SDST need you to please complete a short questionnaire by 15 August (also detailed in the presentation). Project GG3 - the new Government Gateway service is expected to focus on credential management and authentication and will incorporate enhancements to security. SDST will provide further information on the outcome of Discovery and future engagement and involvement in September 2016.
For further information see the SDST slide presentation .
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Bank of England cuts Bank Rate to 0.25% 8 August 2016
HMRC interest rates are linked to the Bank of England base rate so in line with the recent rate change, HMRC interest rates for late payment will be reduced.
The Bank of England Monetary Policy Committee voted unanimously on 4 August to cut the Bank of England base rate to 0.25%.
HMRC interest rates for late payments will be revised following Bank of England interest rate cut.
These changes will come into effect on 15 August 2016 for quarterly instalment payments and 23 August 2016 for non- quarterly instalment payments.
Repayment interest rates remain unchanged.
Information on the interest rates for late payments will be updated shortly.
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Faster, easier tax repayments via Personal Tax Accounts 25 August 2016
Taxpayers can now get their money back direct from HMRC via their Personal Tax Account without the need for a cheque or trip to the bank.
HMRC has announced a faster and easier tax repayment approach through Personal Tax Accounts.
Taxpayers can now opt to get their money back direct from HMRC through their digital Personal Tax Accounts.
Tax that they have overpaid will be returned directly to their bank account within 3-5 days. The online refund is just one of many services customers can access through their Personal Tax Account.
With over 34 quick and easy services which would have previously meant a letter or phone call to HMRC, the Personal Tax Account makes tax less formal and time consuming.
With the Personal Tax Account customers can:
The Chartered Institute of Payroll Professionals
Policy News Journal
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