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Health and Social Care Levy guidance published 31 January 2022
Despite recent calls for the upcoming levy to be scrapped the government are continuing with plans to implement the Health and Social Care Levy. Her majesties Revenue and Customs (HMRC) have issued guidance for the changes being brought in April 2022, as well as clarifying some of the changes that will happen in 2023-24 tax year.
The guidance details:
How it will affect employees How it will affect employers
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• How it will affect the self employed with additional details of the 2023-24 tax year • How it will affect those over state pension age, both in 2022-23 and in 2023-24 • Confirmation of advised payslip message
Existing contribution reliefs will apply to the separate levy for 2023.
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Nearly 100,000 opt to spread the cost of their 2020-21 tax bills 18 February 2022
Her Majesty’s Revenue and Customs (HMRC) confirmed, on 15 February 2022, that nearly 100,000 individuals who use self-assessment have utilised payment plans to spread the cost of their tax bills for tax year 2020-21, since April 2021.
A time to pay arrangement can be set up once the 2020-21 self-assessment tax return has been filed, for a period of up to 12 months, on debts up to a maximum of £30,000. The entire process can be completed online at GOV.UK.
Individuals with debts exceeding £30,000 and those who require longer than 12 months to pay will need to contact HMRC.
HMRC also confirmed the time to pay service has been used to pay more than £310 million in tax in instalments, since April 2021.
31 January 2022 was the deadline for filing tax returns and paying any tax owed or creating a payment plan. HMRC, however, has allowed extra time this year, so: anyone who didn’t file their return by 31 January 2022 will not receive a late filing penalty, if they file by 28 February 2022 anyone who didn’t pay their tax liabilities by the January deadline will not receive a late payment penalty, as long as they pay their tax in full or create a time to pay arrangement by 1 April 2022. HMRC is sending out reminders that the 2020-21 self-assessment should include details of any grants or payments received from Covid-19 support schemes, up to 5 April 2021.
The Chartered Institute of Payroll Professionals
Payroll: need to know
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