End of the Regional Employer National Insurance Contributions (NICs) Holiday Scheme for New Businesses
If you successfully applied for the Regional Employer NICs Holiday scheme, (which may have entitled you to claim a credit against employer NICs payable during the first half of 2013-14) you or your agent will shortly receive a letter reminding you that o this scheme ended on 5 September 2013 and o all employer NICs due on earnings for periods after 5 September will be payable to HMRC in full and without deduction. (For information about calculating the employer NICs due as the holiday ends go to www.hmrc.gov.uk/payerti/getting-started/nics-holiday/calc.htm ) If you were entitled to a credit for employer NICs relating to earnings paid in the period 6 April to 5 September 2013 but have not yet made a claim then please make sure you submit an Employer Payment Summary (EPS) as soon as possible. Go to www.hmrc.gov.uk/payerti/reporting/what-to-report.htm#8 for information about what to report on an EPS.
End of Year Return
A NICs Holiday End of Year Return for 2013-14 (Form E92 and E89(s)) will be sent to you in March 2014 so that you can provide a breakdown of the amount of employer NICs that you withheld during the period 6 April to the scheme’s closure on 5 September 2013.
Employee shareholder – new employment status
Employee shareholder
Employee shareholder is a new employment status, available from 1 September 2013. HM Revenue and Customs have published guidance on tax rules that apply to the new status.
Alternative Dispute Resolution (ADR)
Alternative Dispute Resolution (ADR) for SMEs and individuals - A new way
After a two year trial and extensive consultation with professional bodies and the voluntary sector, ADR becomes part of normal HMRC business.
Toolkits - update
Toolkits to help minimise common errors - update
HMRC has reviewed, refreshed and republished the Small Profits Rate and Marginal Relief Toolkit. The Toolkits are designed to help agents avoid common errors when preparing for and completing their clients’ 2012-13 returns.
New HMRC videos about tools and agent services
Tax agents and advisers - updated videos
HM Revenue & Customs (HMRC) has published new videos about the tools and agent services that are available to make dealing with HMRC easier, and how you can use HMRC's agent toolkits to help reduce errors in returns.
CIPP Policy News Journal
16/04/2014, Page 198 of 519
Made with FlippingBook - Online magazine maker