Following the abolition of contracting out on a defined contribution basis there is no longer a requirement for pension schemes to notify HM Revenue & Customs of any arrangements which are made after this date to secure former protected rights.
BASIC PAYE TOOLS (BPT) – TAX YEAR END IN REAL TIME
26 March 2013
HMRC have provided clarification of the tax year end process for employers using BPT in the RTI pilot.
A member, who is taking part in the RTI pilot, alerted the policy team to a problem that she had encountered with the BPT in her attempt to submit her final FPS for the 2012/13 tax year. Specifically, she had fully expected to complete boxes 109 -115 but Basic Tools screens appeared not to offer the facility. Much to our member’s surprise, on calling the RTI pilot help-line, she was informed that with the current version of the Basic Tools RTI it is not possible to complete the year end declarations on the final FPS for 2012/13. "The FPS in the 2012-13 BPT version does not include the end of year questions. Employers using the 2012-13 BPT version can use this to submit their final FPS for 2012-13 and will need to complete the end of year questions on the EPS for 2012-13.” HMRC current year end guidance for employers working in real time and using the Basic PAYE is available on the HMRC website. The guidance confirms that the RTI version of Basic PAYE Tools for employers starting to report PAYE in real time from April 2013 is available from 28 March 2013. We contacted HMRC and have been provided with the following update:
HMRC WEEKLY UPDATE 22 MARCH 2013
22 March 2013
HMRC has issued the latest update in their informal newsletter to stakeholders. Please do remember this is an informal update shared with representatives for the benefit of members.
Budget 2013 The Chancellor delivered his Budget to Parliament this week and it contained a number of measures relating to HMRC’s work. Further information about these measures can be found on our website .
RTI – there’s now only two weeks to go! HMRC has now published the following: o
19/03/13 – Free RTI advice comes to Birmingham and Cardiff - Employers in those locations who want to know more about RTI can book a place to meet experienced tax advisors o 19/03/13 - Real Time Information: relaxation of reporting arrangements for small businesses - HMRC published details of transitional arrangements to allow a relaxation of reporting arrangements for small businesses (those with fewer than 50 employees) until 5 October 2013. o 15/03/13 - a Tax Information and Impact Note Real Time Information (RTI): Improving the operation of Pay As You Earn
The following regulations were also published this week:
CIPP Policy News Journal
12/04/2013, Page 221 of 362
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