Changes to how employers and CIS contractors pay HMRC From 6 April how employers pay PAYE, Class 1 National Insurance contributions, Construction Industry Scheme (CIS) or Student Loan deductions to HM Revenue & Customs (HMRC) is changing. Change of bank account details From the 2013-14 tax year all employers will make their payments into a single HMRC bank account. This change only affects employers who currently make payments into HMRC's Shipley bank account by Bacs Direct Credit, Faster Payments by online/telephone banking and CHAPS. Employers using the Government Banking Service (GBS)are not affected by this change. PAYE payments for the tax year 2012-13 and earlier are not affected by this change. If you have previously paid into HMRC's Shipley account please make sure you update any templates or instructions you have with your bank. Find out the correct bank account details End of year payments Previously employers used month 13 to make any balancing end of year payments for PAYE, Class 1 National Insurance contributions, CIS or Student Loan deductions to HMRC. Any balancing end of year payments from 2012-13 onwards should now be paid to HMRC using month 12. You should now only use month 13 to pay any Class 1A National Insurance owed on your P11D (b). Check your reference for PAYE/Class 1 NIC or Class 1A NIC From month 1 of the 2013-14 tax year all employers should pay to HMRC's Cumbernauld bank account.
You can find general guidance on preparing to operate PAYE in real time on HMRC’s website .
Scottish Income Tax
SCOTLAND BILL RECEIVES ROYAL ASSENT
2 May 2012
The Scotland Bill received Royal Assent on 1 May, marking the final part of the process to change the devolution settlement and give more powers to the Scottish Parliament.
The new Scotland Act brings about the largest ever transfer of financial powers to Scotland since the creation of the UK. The change means the Scottish Government will have to make decisions on how best to use the significant new powers for the benefit of the people of Scotland.
The legislation brings a much higher level of financial accountability to Holyrood as Members of the Scottish Parliament become responsible for raising more of the money they spend.
It is the end of a significant journey resulting in a historic change to the devolution settlement. It began with the Commission on Scottish Devolution chaired by Sir Kenneth Calman which started work in April 2008 with the remit of looking at changes to devolution which would allow Holyrood to serve the Scottish people better.
The Commission's recommendations formed the basis of the Scotland Bill, which has been the subject of a wide range of parliamentary scrutiny in both Edinburgh and London.
CIPP Policy News Journal
12/04/2013, Page 225 of 362
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