The Chartered Institute of Payroll Professionals
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The form should be utilised by employers who need to tell HMRC the value of any items included in a PAYE Settlement Agreement (PSA). A PSA allows employers to make one annual payment in relation to the tax and National Insurance (NI) due on minor, irregular or impracticable expenses or benefits for their employees.
The items included on a PSA will not need to be recorded on end of year P11Ds, nor will they need to be processed via payroll.
Employers are reminded to ensure that they select the correct form, as they will be required to record employees separately on the basis of the rate of tax that they pay. Employees living in countries with devolved tax powers (Scotland or Wales) could potentially be subject to different rates of Income Tax.
The form needs to be completed in full before the option to print it is made available. Partly saved forms cannot be saved, so HMRC recommends that all relevant data is collated prior to completion of the form.
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Guide 480: Expenses and benefits 20 April 2021
Chapter 12 of the guide 480, which provides information on the calculation of the company car benefit charge, for employers has been updated for tax years 2020-21 and 2021-22.
The appropriate percentages for all cars registered prior to 1 January 1998 and cars first registered on or after 1 January 1998 without an approved CO2 emissions figure have been added for the tax years 2020-21 and 2021-22.
How to work out the benefit of a company car (480: Chapter 12) - GOV.UK (www.gov.uk)
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Statutory pay tables 2021-22 7 April 2021
Included in the wealth of information published on GOV.UK in relation to tax year 2021-22 has been the addition of the statutory pay tables for use for tax year 2021-22, as follows:
• Statutory Parental Bereavement Pay: table of dates for employee entitlement • Statutory Maternity Pay: table of dates for employee entitlement • Statutory Paternity Pay: table of dates for employee entitlement (birth) • Statutory Paternity Pay: table of dates for employee entitlement (adoption) • Statutory Adoption Pay: table of dates for employee entitlement • Statutory Sick Pay: tables for linking Periods of Incapacity for Work
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CJRS guidance updates – 22 April 2021 23 April 2021
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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