Policy News Journal - 2016-17

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

Cheque clearing time to reduce to one day with image-based system.............................................................175 New highly secure £1 coin enters circulation today ..........................................................................................176 Expenses, Benefits & Reward........................................................................ 178 Company Cars .....................................................................................................................................................178 Advisory Fuel Rates for Company Cars from 1 March 2016.............................................................................178 Company car users can update their details online ..........................................................................................178 Advisory Fuel Rates for Company Cars from 1 June 2016...............................................................................179 Advisory Fuel Rates for Company Cars from 1 September 2016 .....................................................................179 Company car tax for ultra-low emission cars ....................................................................................................180 Advisory Fuel Rates for Company Cars from 1 December 2016 ......................................................................180 Payrolling Benefits in Kind: Car data guidance.................................................................................................181 Payrolling Benefits in Kind – revised car data guidance ...................................................................................181 Advisory Fuel Rates for Company Cars from 1 March 2017.............................................................................181 General Expenses, Benefits & Reward News ...................................................................................................183 Salary Sacrifice schemes can be discontinued during maternity leave ............................................................183 480(2016) Expenses and benefits tax guide.....................................................................................................183 Trivial Benefits - non cash vouchers and Class 1 NICs ....................................................................................183 490 (2016) Employee travel tax and NICs guide ..............................................................................................184 Travel and subsistence framework discussion paper .......................................................................................185 CIPP webcast on expenses and benefits changes...........................................................................................186 480 (2016)Expenses and benefits tax guide.....................................................................................................186 Industry urges radical action to tackle sickness absence .................................................................................186 Approved professional organisations and learned societies .............................................................................187 July 6 2016 reporting deadline for expenses and benefits in kind ....................................................................187 Does your benefits package meet your employees’ needs?.............................................................................188 Payrolling non-cash vouchers and credit tokens ..............................................................................................189 Consultation on salary sacrifice for the provision of benefits in kind.................................................................189 Consultation on alignment of dates for making-good on benefits-in-kind .........................................................190 Consultation on simplifying the PAYE Settlement Agreement (PSA) process ..................................................190 Company car tax for ultra-low emission cars ....................................................................................................191 Worldwide subsistence rates ............................................................................................................................191 Planning to payroll Benefits in Kind in 2017?....................................................................................................191 CIPP survey: Simplifying tax and NICs treatment of termination payments......................................................192 CIPP survey: Alignment of dates for ‘making good’ on benefits-in-kind............................................................192 CIPP Survey: Consultation on salary sacrifice for the provision of BiKs ...........................................................193 CIPP response to consultation on simplification of tax and NI treatment of termination payments...................194 Simplifying the PAYE Settlement Agreement (PSA) process ...........................................................................194 CIPP response to the consultation on alignment of dates for ‘making good’ on benefits-in-kind ......................196 Expenses and benefits returns on magnetic media (EEC1) .............................................................................196 Statutory Maternity Leave and Child Care Vouchers........................................................................................197 Non-deductible and non-exempt expenses ......................................................................................................197 Expenses and Benefits - have you sent HMRC a NIL return? ..........................................................................198 OTS response to consultation on Salary Sacrifice and BiKs ............................................................................198 Draft legislation for changes to termination awards ..........................................................................................199 Salary sacrifice for the provision of benefits in kind ..........................................................................................199 Time limit for ‘making good’ on benefits-in-kind................................................................................................200 Exemption from Income Tax for employer-provided pensions advice ..............................................................201 Assets made available without transfer of ownership .......................................................................................201 Simplifying PAYE Settlement Agreements .......................................................................................................202 Salary Sacrifice changes from April 2017 – what do employers need to do? ...................................................202 Class 1 NICs liability disregard for certain trivial benefits in kind ......................................................................204 Collecting information about car and car fuel benefit via PAYE reporting.........................................................205 Will you be impacted by the introduction of Optional Remuneration Arrangements? .......................................205 Will salary sacrifice changes damage employee engagement? .......................................................................206 Employer provided childcare vouchers and Scottish Income Tax.....................................................................206 Optional remuneration arrangements – draft guidance published ....................................................................207 Do you make assets available to your employees or members of their family?................................................207 Making good deadlines on (non-payrolled) benefits in kind ..............................................................................208 HM Treasury calls for evidence on employee expenses ..................................................................................208 Thinking of Voluntary Payrolling .......................................................................................................................209 41% want to receive childcare vouchers through salary sacrifice.....................................................................209 Payrolling employees taxable benefits and expenses ......................................................................................210 Tax-Free Childcare (TFC)....................................................................................................................................211 Childcare providers are critical to the successful roll out of Tax-Free Childcare – spread the word .................211 Tax-Free Childcare...........................................................................................................................................212 Tax-Free Childcare: employees need to make an informed choice..................................................................213

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