`The Chartered Institute of Payroll Professionals
News On Line
Published: 1 July 2022 Emailed: 6 July 2022
When an employer chooses to have multiple PAYE schemes for separate groups of employees, an election has to be made. The process for elections has changed this tax year.
There is a reminder about the new election process in the latest employer bulletin :
"Previously if you wanted to request a separate PAYE scheme an election had to be made before the beginning of the tax year for which the election was to take effect. From 6 April 2022 a change has been made to Income Tax (PAYE) Regulation 98 covering ‘Multiple PAYE Schemes’ to allow employers to elect during a tax year. Under the new regulations an employer must make an election before the beginning of the tax month immediately preceding the tax month for which the election is to have effect. For example, if you want to make an election that takes effect from 6 May, you have to make the election before 6 April. "A late election will be treated as if it had been made in relation to the tax month immediately following the tax month for which the election was to have effect. If an employer wants to cancel an election, notice of cancellation must be given before the beginning of the tax month for which the election is to be ceased. Cancellation of an election does not prevent the making of a new election for that or a later tax month. An election which has not yet come into effect may be cancelled at any time before the beginning of the tax month for which it is to have effect."
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HMRC publishes draft notices for Making Tax Digital for Income Tax Published: 4 July 2022 Emailed: 6 July 2022
HMRC has opened a consultation inviting views on the proposed notices as they relate to Making Tax Digital (MTD) for Income Tax.
The notices are being proposed under regulations 3, 8, 12 and 16 of the Income Tax (Digital Requirements) Regulations 2021 (SI 2021 No. 1076) and specify the datasets required for reporting. Included in this data is accounting information relating to wages, salaries and other employment costs.
MTD for income tax will apply to relevant businesses from April 2024. Businesses are encouraged to prepare for the upcoming changes in advance.
This consultation asks for views on the proposed notices as they relate to:
the use of functional compatible software
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• the information required when submitting a quarterly update and end of period statements • retail sales election
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HMRC stakeholder engagement survey research 2022 results Published: 18 July 2022 Emailed: 20 July 2022
Her Majesty’s Revenue and Customs (HMRC) has released research, conducted by Yonder, which sought feedback from stakeholders.
The research aims were to:
• understand stakeholders’ general percept ions of HMRC: favourability, trust, and change over time
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