HMRC stakeholder update - number 36
20 September 2013
HMRC has circulated their thirty-sixth weekly update for 2013 to stakeholders, which looks to provide informal highlights as a result of listening to employer feedback and working in partnership with stakeholders.
Reporting PAYE in real time - temporary relaxation extended
Following feedback from stakeholders, we said we would review extending the reporting relaxation for smaller businesses to 5 April 2014 to tie in with the full tax year. We announced a four-week consultation period on this extension, starting on 22 July. We can now confirm that the reporting extension has been agreed and this relaxation will remain in place until 5 April 2014. Under this relaxation, employers with fewer than 50 employees who pay their employees weekly or more frequently are still required to report through the new system, but are able to do so once a month (but no later than the end of the tax month - 5 th) , rather than each time they pay their employees.
Employees reaching State Pension
New guidance has been published on what to do when an employee reaches State Pension age and is still working for you.
‘What’s new’ page survey
We would like to know how you use the ‘What’s new’ page and are currently running a survey to make sure any future updates meet users’ needs. The survey closes on 27 September.
Contractor loan schemes
Tax assessments are being sent out to contractors and other individuals who used contractor loan schemes to reduce their tax.
Employment-Related Shares & Securities
The tenth Employment-Related Shares & Securities Bulletin has been published. It includes information and updates on developments relating to employment securities, including the tax-advantaged employee share schemes.
Requirement to report PAYE in real time from April 2014: Direction for employers
The Commissioners for HMRC have made a Direction requiring EXAM or ELECT scheme employers previously under the provisions of agreements under regulation 141 of the PAYE Regulations, to report PAYE information in real time from April 2014.
Checklist for Limited Company Subcontractors claiming back CIS deductions
A leaflet has been published covering ‘The Top Ten Tips’ to help limited company subcontractors and their agents reclaim any deductions they have taken from their payments under the Construction Industry Scheme.
Withholding repayment claims in avoidance cases
CIPP Policy News Journal
16/04/2014, Page 199 of 519
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