Payroll news
Payroll news
Tax Day – Autumn 2021 AT THE time of writing, we are awaiting news from the government in regards to its future tax administration and maintenance plans. This has been dubbed as a second ‘Tax Day’ and will be similar to the one held on 23 March 2021, following the March Budget. It was held on 30 November 2021, and the CIPP’s policy and research team will have covered any key announcements for payroll professionals to be aware of. The associated news story can be located here: http://ow.ly/xrvA30s1HC6. New director of labour market enforcement (DLME) appointed MARGARET BEELS has been confirmed as the new DLME in a news story published by the department for Business, Energy and Industrial Strategy – http:// ow.ly/7F9C30s1HrV. Margaret will lay out the strategic direction for three existing labour market enforcement bodies: ● the Employment Agency Standards Inspectorate ● the Gangmasters and Labour Abuse Authority (GLAA) ● HMRC’s NMW team. Margaret, who has been the chair of the GLAA since 2011, will be assessing the scale and nature of non-compliance in the labour market, aiming to ensure that workers are both paid and treated correctly. The appointment will hopefully lead to additional information relating to the single enforcement body, which will see the three labour market enforcement bodies combined. Matthew Taylor previously held the role of interim DLME from August 2019 to January 2021.
Real livingwage rates announced TO KICK off ‘living wage week’, the Living Wage Foundation confirmed the new real living wage rates on Monday 15 November 2021. The real living wage is calculated based on the cost of living and is paid voluntarily by almost 9,000 employers. It is separate from the national minimum wage (NMW) and national living wage rates set by the government, which have to be paid by law. The figures are now £9.90 per hour across the UK, except for London (where it is accepted that the cost of living is higher), which is set at £11.05 per hour. Employers should implement the rise as soon as possible, but this must be done within six months, to ensure that they retain their living wage accreditation. This means that the new rates should be in place by no later than 15 May 2022. The Living Wage Foundation website can be accessed here: http:// ow.ly/WsUX30s1Hz2. Agent Update 90 released HER MAJESTY’S Revenue and Customs (HMRC) has released issue 90 of its Agent Update , which is aimed at tax agents and advisers with the purpose of providing them with the latest news and guidance. This issue includes articles that cover: ● a summary of the Covid-19 support schemes ● declaring coronavirus grants on tax returns ● UK-Swiss convention on social security ● self-assessment ● additional information on new Freeport sites ● value added tax reverse charge for construction and building services ● reporting changes to working hours for working tax credits ● making tax digital ● HMRC Agent Services. It can be accessed in its entirety here: http://ow.ly/NEIc30s1HGi.
Diary dates
Last day for submitting a real time information employer payment summary to apply to tax month 8 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic method
19 December
22 December
Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
5 January
Last day of tax month 9
6 January
First day of tax month 10
Last day for submitting a real time information employer payment summary to apply to tax month 9 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic method
19 January
22 January
Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
5 February
Last day of tax month 10
6 February
First day of tax month 11
11
| Professional in Payroll, Pensions and Reward |
Issue 76 | December 2021 – January 2022
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