The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Action Point - HMRC to organise a sub-group for Making Tax Digital for “expats”.
Modified PAYE Schemes and the Apprenticeship Levy
Q&A Q. Once the levy is paid and credited to the account is the time limit still 18 months for the money to be spent? A. HMRC confirmed that this time limit has now changed to 24 months. Q. There are concerns around adjustments. Once an adjustment is made how will this impact the funds in the levy account taking into account the 24 month time limit? Does this commence when the adjustment is made or at another time? A. HMRC referred to two examples about offsetting refunds against other PAYE liability. Forum members advised that the examples do not reflect a normal PAYE modified scheme. This is because a modified scheme mostly involves payrolling benefits and almost all individuals will have apportionment benefits, which will bring out the Class 1 NICs. HMRC explained that the examples were to illustrate the main point however noted the comments. HMRC advised that they would review the examples to see if they can be enhanced to better reflect the position in these types of cases.
Action Point – HMRC to review the two examples and see if they can be updated.
Q. If the figure changes how does this affect monies that might have been spent? A. This will only be an issue if near the threshold boundaries. If more levy is payable the clock would start from the paper being amended however, HMRC will check and clarify the position.
Action Point – HMRC to check if the figures change how this affects the monies that might have been spent.
Topics also under discussion:
Salary sacrifice Short Term Business Visitors (STBVs) National Insurance Contributions Making Tax Digital
Read the minutes from the meeting held on 27 October 2016 .
Minutes from previous meetings are also available.
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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