Car and van fuel benefit charge 2012-13 & 2013-14....................................................... 104 Company Car Tax Rates 2014-15 to 2016-17................................................................. 105 Corporation Tax Rates.................................................................................................... 105 Automatic Review of State Pension Age (SPA) .............................................................. 105 Single Tier Pension......................................................................................................... 106 VAT: revalorisation of registration and deregistration thresholds..................................... 106 Tax simplification for small businesses ........................................................................... 106 Tax Transparency........................................................................................................... 106 Integration of income tax and National Insurance contributions ...................................... 107 Tax Avoidance................................................................................................................ 107 Employer asset-backed pension contributions ................................................................ 107 Qualifying Recognised Overseas Pensions Schemes (QROPS)..................................... 107 Payments after P45 issued and Share Schemes Payments...............................108 PENSIONER TAXATION AND SHARE SCHEMES TO BE REVIEWED ........................ 108 UPDATE ON TAX CODE APPLIED TO PAYMENTS AFTER P45 ISSUED.................... 108 REVIEW OF THE APPROVED EMPLOYEE SHARE SCHEME PLANS......................... 108 OTS PUBLISHES REPORTS ON PENSIONER TAXATION AND EMPLOYEE SHARE SCHEMES...................................................................................................................... 109 SHARE SCHEMES SIMPLIFICATION RECCOMMENDATIONS PUT FORWARD ........ 109 EMPLOYEE SHARE SCHEME RELATED PAYMENTS FOR LEAVERS ....................... 111 PAYE REGULATIONS 2011 AMENDMENTS TO EMPLOYEE SHARE SCHEMES....... 111 SHARE SCHEMES AND THE OPERATION OF CODE 0T ............................................ 111 TAX TREATMENT OF SHARE BASED EARNING AFTER CESSATION OF EMPLOYMENT .............................................................................................................. 112 PAYE CODE APPLIED TO CERTAIN SHARE BASED PAYMENTS .............................. 112 TAX CODE LEGISLATION CHANGE FOR SHARED BASED EARNINGS Q & A .......... 113 Collecting debts through PAYE ............................................................................113 CONSULTATION ON DRAFT SECONDARY LEGISLATION ......................................... 113 SUMMARY OF RESPONSES TO CONSULATION ON DRAFT SECONDARY LEGISLATION ................................................................................................................ 113 HMRC UPDATE ............................................................................................................. 114 Employer Annual Return .......................................................................................114 UPDATED GUIDANCE ON CORRELATION ID.............................................................. 114 Integration of tax and NICs ...................................................................................115 CALL FOR EVIDENCE: INTEGRATING THE OPERATION OF INCOME TAX AND NATIONAL INSURANCE CONTRIBUTIONS.................................................................. 115 CIPP POLICY SURVEY: INTEGRATION OF TAX AND NICs......................................... 117 CIPP Call for evidence response ................................................................................ 117 INTEGRATING THE OPERATION OF TAX AND NICS: NEXT STEPS.......................... 117 SELF EMPLOYED NATIONAL INSURANCE CONTRIBUTIONS – VIEWS SOUGHT .... 118 PAYE General .........................................................................................................119 PAYING PARISH CLERKS............................................................................................. 119 Appeals from parish councils against 2010-11 P35 penalty notices ............................ 119 GOOD FRIDAY 2012 FALLS ON 6 APRIL...................................................................... 120 PAYE POOLING DISCUSSION DOCUMENT PUBLISHED ........................................... 120 MODERNISING THE ADMINISTRATION OF THE PERSONAL TAX SYSTEM ............. 120 P38(S) WILL NO LONGER BE AVAILABLE FOR USE FROM APRIL 2013 ................... 121 HMRC ISSUE STATEMENT OVER ACCRUED LATE FILING FINES FOR P35 ............ 121 Rates and Thresholds............................................................................................122 INCOME TAX RATES AND THRESHOLDS FOR 2012-13............................................. 123 2012 STATUTORY PAYMENT RATES AND THRESHOLDS......................................... 124 DRAFT SOCIAL SECURITY (CONTRIBUTIONS) (LIMITS AND THRESHOLDS) (AMENDMENT) REGULATIONS 2012 ........................................................................... 125 Real Time Information ...........................................................................................125 DRAFT RTI PACK FOR SOFTWARE DEVELOPERS .................................................... 125 RTI SPECIFICATION ..................................................................................................... 126 TECHNICAL INFORMATION FOR SOFTWARE DEVELOPERS ................................... 126 RTI FOR EMPLOYERS .................................................................................................. 127 RTI SPECIALIST INTEREST GROUP............................................................................ 127
CIPP Policy News Journal
09/10/2012, Page 7 of 234
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