The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
R3 = 40.00% R4 = 45.00%
(Rate 3) (Rate 4) (Band 1) (Band 2) (Band 3)
B1 = £0
B2 = £33,500 B3 = £116,500
K1 = blank or zero
(Cumulative Annual Tax 1) (Cumulative Annual Tax 2) (Cumulative Annual Tax 3)
K2 = £6,700 K3 = £53,300
G pointer Maxrate
2
50%
An announcement about the Scottish tax rates and bandwidths for 17-18 is due to be made in the Scottish Draft Budget on 15 December 2016.
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Payroll test data for Directors NI and Student Loans 9 December 2016
HMRC’s Software Developers Support Team have distributed test data for 2017-18 for Directors National Insurance contributions and Student Loan deductions.
SDST test data Directors NI 2017-18
SDST test data Student Loans 2017-18
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Serious ill-health lump sums and RTI reporting 20 December 2016
An update from HMRC’s Software Developers Support Team provides the revised RTI data item guide and associated validation.
The SDS Team gave advance notice in December of changes to RTI specifications regarding serious ill-health lump sum pension payments.
The SDS Team has provided the revised RTI RIM 2018 artefacts version 1.3. The new version of the artefacts includes both a new data item for identifying payments in the FPS as serious ill-health lump sum pension payments and the associated validation. Version 1.2 of the FPS (and of the RIM artefacts) was an unpublished, internal version; the changes document therefore shows changes from v1.1 to v1.3.
RTI Data Item Guide 2017-18 v1.2
Changes from 2016-17 to 2017-18 RIM v1-3
HMRC plan to make these changes available for testing in the TPVS test service from 16 January 2017, in the Local Test Service (LTS) from 13 February and in the Live service from March.
Pension schemes newsletter 83 has an update on reporting these lump sums, including confirmation that, “… it will not be mandatory to report these payments using the RTI data field until 6 April 2018 ”.
The 2017-18 Internet technical specifications page on GOV.UK will be updated in due course.
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The Chartered Institute of Payroll Professionals
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