`The Chartered Institute of Payroll Professionals
News On Line
6 July to 5 October, use '06' 6 October to 5 January, use '09' 6 January to 5 April, use '12'
• • •
For yearly payments use 01.
Each tax period requires a different payment reference number, so it is essential that separate payments are made for each period. Errors can lead to penalties and charges being issued, even when paid on time, and would require a call to HMRC to correct.
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P45 guidance update Published: 27 May 2022 Emailed: 1 June 2022
In May’s agent update , Her Majesty’s Revenue and Customs (HMRC) updated guidance on P45 processing for new starters.
As usual the guidance says that whenever a starter is added to payroll, to use a P45 or a starter checklist to update the employee’s information. It has also highlighted though, that after the first full payment submission (FPS) you do not need to update the previous pay or tax code information upon receipt of a late P45. Student loans can be made as a late addition, but only HMRC communication should be used to update tax information after the first FPS has been sent.
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Update Basic PAYE Tools Published: 28 March 2023 Emailed: 29 March 2023
Making sure your payroll software is updated at year end is important, and this is the case with Basic PAYE Tools as well.
As mentioned in HM Revenue and Customs’ (HMRC’ s) February Employer Bulletin, a new version is now available to support the 2023 / 24 tax year.
To update: •
s elect ‘Check now’ in the update section of settings, in the top right -hand corner of the tool
• HMRC recommends you set the automatic update to ‘yes’.
The latest version is 23.0.23065.113 and the number displays in the bottom-left corner of the tool. Check to see if you are up date and ready for the new tax year.
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Statutory Payments
Tribunal rules refusal of pay rise before maternity leave was discriminatory Published: 8 June 2022 Emailed: 8 June 2022
cipp.org.uk
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