(From HMRC WEEKLY UPDATE 16 NOVEMBER 2012 )
On 12 November 2012 HMRC started to send first interim penalty notices where our records show that we have not received the 2011-12 P11D(b) Annual Return of Class 1A National Insurance Contributions due. It is now over 4 months after the filing date of 6 July 2012. Payment reminder letters were issued before the filing deadline. A further letter was sent at the end of July saying that a penalty may have already have been incurred for the first month of lateness and that the return should be with HMRC by 6 August to avoid further penalties.
The penalty will be £100 for every 50 employees for each month the return has remained outstanding for the four months up to 6 November 2012.
Appeals against the penalty notice must be made in writing and sent to the office shown on the notice within 30 days, stating why you think the penalty notice is wrong.
Completing form P11D(b) – find out more How to pay Class 1A National Insurance
P11D FORMS NOW AVAILABLE FOR 2012 -13
9 April 2013
As the majority of employers are now getting to grips with the new RTI requirements as well as completing their End of Year returns for 2012 -13, reassuringly some things do remain the same.
The forms for reporting expenses and benefits are now available on HMRC’s website .
However, if you use HMRC's Basic PAYE Tools package you will no longer have the function to submit expenses and benefits forms online. You may wish to consider switching to commercial payroll software (some of which is free) that does provide this function.
Salary Sacrifice
AUTOMATIC ENROLMENT OPT OUT AND SALARY SACRIFICE
25 April 2012
According to recent press releases HMRC is to amend its salary sacrifice rules to allow staff who opt out of a pension scheme after automatic enrolment, to do so at any time and receive a full refund.
Professional Pensions reported:
“Under current salary sacrifice rules, cancelling a salary sacrifice arrangement (unless due to a lifetime event) outside of set review periods is not currently permitted. This means the employee may not be entitled to the refund of the salary sacrificed despite the cessation of pension scheme contributions. As a result employers faced a real danger that by allowing employees to cancel a salary sacrifice arrangement the validity of whole of the company's sacrifice arrangement could have been called into question from a tax and national insurance contribution perspective.
However, HMRC has confirmed that its guidance on salary sacrifice will be changed.
CIPP Policy News Journal
12/04/2013, Page 93 of 362
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