2012 to 2013 2013 to 2014 2014 to 2015
Full details are available on HMRC’s website , including forthcoming changes to thresholds, percentages and rules.
General Expenses & Benefits News
LIST 3 UPDATED
15 March 2013
HMRC has updated the list professional bodies and learned societies, approved by HM Revenue & Customs (HMRC) for the purposes of Section 344 ITEPA 2003.
The list is updated periodically and includes all bodies approved by the Commissioners for HMRC up to 28 February 2013. It shows:
professional bodies and learned societies, approved by HM Revenue & Customs (HMRC) for the purposes of Section 344 ITEPA 2003 (formerly S201 ICTA 1988) details of statutory fees or contributions allowable for earlier years 2003-04 onwards are within S343 ITEPA 2003 (for earlier years S201(2) ICTA 1988)
You may recall the CIPP requested HMRC update this list to reflect the Institute's change of name due to its Chartered status; this has now been added.
HMRC – NEW EXPENSES AND BENEFITS ONLINE FORMS
9 April 2013
HM Revenue & Customs (HMRC) have started to provide employers and agents with an additional method for reporting end-of-year expenses and benefits.
Initially employers will only have two forms that can be sent online:
• No return of Class 1A National Insurance contributions - used to report that no P11Ds or P11D(b) are due
• Notification of payrolled benefits - used to notify HMRC in advance that they will be sending P11Ds online that include all expenses and benefits provided to employees that have been fully payrolled
Online end of year Expenses and Benefits forms is an HMRC produced web-based set of forms that should be most useful for small to medium sized employers when submitting their employees' expenses and benefits information online. Initially there will be just two new online forms available - with the equivalent two forms for agents to use on behalf of their clients. In time more online forms will be developed, so it’s very much a case of watch this page . Employers who currently use HMRC's Basic PAYE Tools to run payroll will need to consider alternative methods for completing end of year forms - P11D, P9D and P11D(b) - as the tools will not provide this facility from 2012-13 onwards.
CIPP Policy News Journal
16/04/2014, Page 137 of 519
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