Employees auto-enrolled via salary sacrifice will not be held to the arrangement if they subsequently opt out of the pension scheme and will be entitled to a refund of the salary they sacrificed , subject to tax and National Insurance, returning them to their pre-sacrifice salary level and ensuring they are not left out of pocket.” The CIPP are grateful to Professional Pensions and also Thomsons Online Benefits for alerting us to this news; however the CIPP along with others had raised this issue with HMRC through the Expenses and Benefits forum. The CIPP are disappointed that at the time of releasing this important information the full guidance is not yet available on HMRC’s website considering this is a fundamental issue for many employers currently planning their auto enrolment procedures.
AUTOMATIC ENROLMENT OPT OUT AND SALARY SACRIFICE
21 June 2012
We published news in April announcing that HMRC would be amending 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.
HMRC has now updated its Q&A document on salary sacrifice arrangements in order to add this additional information on workplace pension schemes and auto-enrolment
Workplace Pension Schemes and Auto-enrolment - Q & A
HMRC General
HMRC PRODUCE SIMPLE RECORD KEEPING ‘APP’ FOR BUSINESSES BELOW THE VAT THRESHOLD
16 April 2012
HMRC has been working with the IT software development industry to facilitate the provision of simple mobile record keeping applications for small businesses and the self employed who are below the VAT threshold. The first of these applications are available now. To help small businesses with record keeping on the go the commercial software industry, following consultation with HM Revenue and Customs (HMRC), are producing simple record keeping mobile applications (apps) for businesses below the VAT threshold. These apps complement existing HMRC record keeping guidance and tools and may help small businesses and the self employed with maintaining good records as they go about their day to day business. The apps include links to HMRC guidance related to record keeping that may be useful and to a ready reckoner to help small businesses to estimate what their tax liability may be. There is a page on the HMRC website that provides a list of the developers with available apps.
NEW ONLINE TAX REGISTRATION SERVICE (OTRS)
24 April 2012
A new online service aimed at SMEs has been launched, the Online Tax Registration Service. It allows registration for all the main business taxes in a single website visit.
HMRC have produced some details of the service:
CIPP Policy News Journal
12/04/2013, Page 94 of 362
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