P60s, but if this isn’t an option, the extra time given until the online service is removed should be used to implement this.
Those employers who are exempt from operating their payroll online will not be affected, and should continue to contact the HMRC Order Line to order their stationery by telephone.
Last year, just 3% of employers ordered blank forms from HMRC, and are being contacted by HMRC with details of how to produce their own. HMRC records show that the peak order period for P60s occurs during the months of February and March, so by postponing the stoppage of this facility until August, it will give employers ample time to prepare.
If you are one of the 3% of employers who do use this form, HMRC urges you to:
• Prepare to start using payroll software to print or issue digital P45s and P60s • Make sure that you have enough stationery for the end of the tax year, and for any employees leaving your employment, while you are preparing to switch • If you use a payroll provider or bookkeeper, speak to them now to make sure they are ready
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HMRC consultation: Notification of uncertain tax treatment by large businesses 30 June 2020 HMRC has published a consultation which aims to collate feedback and opinions on a new proposed notification regime to identify particular areas of uncertain tax treatment. It is hoped that this will improve HMRC’s ability to pinpoint issues where larger businesses have taken a different legal interpretation to HMRC’s view, which in some scenarios, HMRC may seek to challenge. The consultation opened on 19 March 2020 and was initially due to close on 27 May 2020, but due to the disruption caused by coronavirus, the end date has been extended to 11.45 pm on 27 August 2020. HMRC is still, however, asking for early responses from stakeholders, where possible.
The consultation is primarily concerned with views on the method and detail of the notification, and also on specific areas of uncertain tax treatment. The notification is due to come into effect from April 2021.
Anybody wishing to respond to the consultation should email:
uncertaintaxtreatmentconsultation@hmrc.gov.uk
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HMRC reminds customers to update them of any changes to circumstances or income, for the purposes of Tax Credits 2 July 2020
HMRC has published a reminder to its tax credits customers to ensure that they remember to provide details of any changes to their circumstances, or income by 31 July 2020.
Tax credits are designed to assist working families financially, and so the reminder has been issued to ensure that people don’t miss out on the money that they are rightfully entitled to.
Customers can renew tax credits online, and can log onto Gov.UK to track the progress of the renewal, check that it has been processed and also establish when they will hear back from HMRC.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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