The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
The rates, allowances and duties have also been updated on GOV.UK to reflect the changes.
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Professional bodies approved for tax relief (list 3) 2 March 2017
HMRC has updated the list of professional bodies and learned societies (also known as List 3) with tax-deductible fees.
List 3 is updated periodically and includes all bodies approved by the Commissioners for HMRC.
Five new names have been added to the list.
The CIPP is listed as:
Chartered Institute of Payroll Professionals | New title from 10 November 2010 | Formerly Institute of Payroll Professionals
Professional organisations can apply for approval for tax relief using form P356 .
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Taxable pay tables: Manual method 3 March 2017
The 2017-18 taxable pay tables have been published for those employers who are exempt from filing online.
The Tables B to D are intended for the small number of employers who are exempt from the requirement to file Real Time information online, to manually calculate their payroll.
2017 to 2018: Taxable Pay Tables Manual Method
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Simplification of exemptions for employee liabilities and indemnity insurance 24 March 2017
HMRC has published draft guidance to explain changes to tax rules where the employer funds costs or pays for legal indemnity insurance for employees for proceedings related to their employment from 2017 to 2018 tax year.
The draft guidance will be finalised and published in the Employment Income Manual (EIM) following Royal Assent of Finance Bill 2017.
Section 346 Income Taxes (Earnings and Pensions) Act (ITEPA) 2003 gives directors and employees deductions against the earnings of an office or employment for: amounts and connected expenses paid in respect of their liabilities related to the employment costs or expenses incurred in connection with a claim that they’re subject to such a liability or proceedings related to, or arising out of, a claim that they’re subject to a liability related to the employment so much of any premium paid under a qualifying contract of insurance as relates to indemnifying them against any such liabilities, costs or expenses.
The Chartered Institute of Payroll Professionals
Policy News Journal
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