Policy News Journal - 2016-17

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

CA40: Employees allowed to pay their own National Insurance

CA38: National Insurance contributions tables A, H, J, M and Z

CA42: Foreign-going mariners and deep-sea fishermen

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Easter banking days 24 February 2017

With Easter fast approaching it is important to note there are extra non-processing days during this holiday period-

To ensure your payments are made on time Bacs suggest you submit your files as early as possible. You can submit files up to 30 calendar days in advance of the processing date. If you cannot submit in advance, Bacs recommend early submission on the input day (from 07:00 onwards).

Additional Non-Processing Days

Follow the table below to make sure you don't get caught out by the additional non-processing days

If the payment is to arrive in the account on…

…the processing date must be…

…and so the latest submission date is…

Thursday 13 April

Wednesday 12 April

Tuesday 11 April

Tuesday 18 April

Thursday 13 April

Wednesday 12 April

Wednesday 19 April

Tuesday 18 April

Thursday 13 April

Thursday 20 April

Wednesday 19 April

Tuesday 18 April

Please ensure your software reflects non-processing days. If you do not know how to do this contact your software supplier.

Download your copy of the Bacs 2017 processing calendar to ensure you don’t miss any of these important processing dates.

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480: Expenses and benefits tax guide 24 February 2017

HMRC has updated the 480: Expenses and benefits - a tax guide to reflect changes for the 2017-18 tax year.

The 480 explains the tax law relating to expenses payments and benefits received by directors and employees for current and previous tax years.

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P9X: Tax codes to use from 6 April 2017 27 February 2017

The P9X(2017) has been updated to include the Scottish Income Tax rates & thresholds now confirmed by the Scottish Parliament.

Use form P9X(2017) to find out which PAYE tax codes to change, how to change them and which codes to carry forward ready for the new tax year.

The Chartered Institute of Payroll Professionals

Policy News Journal

cipp.org.uk

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