Policy News Journal - 2012-13

SHARE AND SHARE ALIKE: JOINT CIPP & AAT SURVEY .......................................... 154 EMPLOYMENT RELATED SHARES & SECURITIES BULLETIN .................................. 155 EMPLOYMENT RELATED SHARES AND SECURITIES BULLETIN ............................. 155 EMPLOYMENT RELATED SHARES AND SECURITIES BULLETIN ............................. 155 EMPLOYMENT-RELATED SHARES & SECURITIES BULLETIN .................................. 156 EMPLOYMENT-RELATED SHARES & SECURITIES BULLETIN .................................. 157 Employer Annual Return .......................................................................................157 UPDATED GUIDANCE ON CORRELATION ID ............................................................. 157 Extra Statutory Concession - ESC A19 ................................................................157 EXTRA STATUTORY CONCESSION A19 CONSULTATION ........................................ 157 HAVE YOUR SAY ON EXTRA STATUTORY CONCESSION A19 REVIEW .................. 158 Finance Act 2012....................................................................................................159 THE FINANCE ACT 2012 IS NOW LAW ........................................................................ 159 Finance Bill (draft) 2013.........................................................................................159 DRAFT FINANCE BILL 2013.......................................................................................... 159 FINANCE ACT 2013....................................................................................................... 161 Integration of tax and NICs ...................................................................................161 INTEGRATING THE OPERATION OF TAX AND NICS: NEXT STEPS.......................... 162 TAX AND NICS INTEGRATION CONSULTATION DOCUMENT POSTPONED UNTIL AUTUMN 2012 ............................................................................................................... 163 PAYE General .........................................................................................................163 P38(S) WILL NO LONGER BE AVAILABLE FOR USE FROM APRIL 2013 ................... 163 P38(S) Guidance updated .......................................................................................... 164 HMRC ISSUE STATEMENT OVER ACCRUED LATE FILING FINES FOR P35 ............ 165 SENIOR INDIVIDUALS USING PERSONAL SERVICE COMPANIES TO HAVE TAX DEDUCTED AT SOURCE .............................................................................................. 166 CENTRALISED DEDUCTIONS SUGGESTED BY 'PAYE AT THE CROSSROADS' REPORT ........................................................................................................................ 167 EMPLOYING PRISONERS: VICTIM SUPPORT CONTRIBUTION FROM PAY ............. 168 HMRC TO PROVIDE SINGLE PAGE VERSION OF P46 ............................................... 168 EXISTING INFORMAL PAYE POOLING AGREEMENTS TO CONTINUE ..................... 169 INCOME TAX RELIEF CAP............................................................................................ 169 FILM INDUSTRY PAYE AND NICS GUIDANCE ............................................................ 169 P800 TAX CALCUALTION WEEK 53 GUIDANCE.......................................................... 170 TREASURY TO LAUNCH CONSULTATION ON PAYROLL GIVING ............................. 170 NO FURTHER CUTS TO TOP TAX RATE? ................................................................... 170 MARRIED COUPLES WILL NOT GET TAX BREAK BEFORE 2015 .............................. 171 MPS CALL FOR A RISE IN 40P TAX THRESHOLD ...................................................... 171 PAYE TAX CODE CHANGE – TRIVIAL COMMUTATION.............................................. 172 CHANGE TO TAX CODE USED ON TRIVIAL COMMUTATION AND SIMILAR OTHER LUMP SUM PENSION PAYMENTS ............................................................................... 173 GOVERNMENT CONSIDERING REDUCTION OF TAX AND NI IN NEW ‘EMPLOYEE OWNERS’ PROPOSALS................................................................................................ 173 TAXATION OF CONTROLLING PERSONS – PLANS WITHDRAWN ............................ 173 HIGH INCOME CHILD BENEFIT TAX CHARGE COMES INTO EFFECT 7 JANUARY 2013 ............................................................................................................................... 174 HMRC POSTS MUG SHOTS OF TAX CHEATS ............................................................ 174 NO EMPLOYER ANNUAL RETURN TO MAKE ............................................................. 174 UPDATE TO TRADITIONAL HMRC BASIC PAYE TOOLS ............................................ 175 HMRC PAYMENT BOOKLET ISSUE FOR 2013-14 ....................................................... 175 IR35 TO APPLY TO OFFICE HOLDERS FROM 6 APRIL 2013 ..................................... 175 Rates and Thresholds............................................................................................176 INCOME TAX RATES AND THRESHOLDS FOR 2012-13............................................. 176 2012 STATUTORY PAYMENT RATES AND THRESHOLDS......................................... 177 DRAFT SOCIAL SECURITY (CONTRIBUTIONS) (LIMITS AND THRESHOLDS) (AMENDMENT) REGULATIONS 2012 ........................................................................... 178 NEW RATES FOR REDUNDANCY PAY FROM 1ST FEBRUARY 2013 ........................ 178 CLASS 1 NIC THRESHOLDS AND STATUTORY PAYMENT RATES FOR 2013/2014 . 179 STATUTORY PAYMENT RATES ................................................................................... 180

CIPP Policy News Journal

12/04/2013, Page 9 of 362

Made with FlippingBook - Online magazine maker