HMRC hasn't issued some notices of coding to your employees for 2014 to 2015 - find out why and what to do if you get queries.
Basic PAYE Tools for 2014-15 HMRC's Basic PAYE Tools product for the 2014-15 tax year is now available.
Are you completing P9Ds needlessly for employees in receipt of medical benefit? Do you know that if your employees earn less than the rate of £8,500 AND you arrange and pay the medical benefit provider directly for the treatment or insurance, you do not need to complete a P9D.
HMRC stakeholder update - number 14
14 April 2014
HMRC has circulated their fourteenth weekly update for 2014 to stakeholders, which looks to provide informal highlights as a result of listening to employer feedback and working in partnership with stakeholders.
Real Time Information:
1. Final 2013-14 submissions
Employers reporting PAYE information in real time don't need to send forms P35 and P14 at the end of this tax year. Instead, just send the real time PAYE submission as normal and answer a few extra questions. It is very easy to do. This step-by-step guide shows you how: Making your final submission for the 2013-14 tax year
HMRC has also produced:
a flowchart: Making your final submission of the year flowchart
a 3-step guide on YouTube: HMRC on YouTube to help employers with their final 2013-14 PAYE submission
Employers who need to make corrections to 2013-14 submissions should do so as follows:
2. Correcting Full Payment Submissions (FPS)
Up to and including 19 April 2014 employers can continue to make corrections by sending a new 2013-14 FPS. Employers can send more than one FPS to make corrections up to that date, if needed. Employers can do this even if they have already made their final submission for 2013-14. For full guidance go to the Correcting payroll errors - current year webpage. After 19 April employers must make any corrections to a 2013 – 14 FPS on an Earlier Year Update (EYU). If further changes are needed, employers can correct an EYU by sending HMRC another EYU with the corrected information. For full guidance, go to the Correcting payroll errors – previous year webpage. Employers can send an EYU even if they haven’t made a final FPS submission.
3. Correcting Employer Payment Summaries (EPS)
CIPP Policy News Journal
16/04/2014, Page 220 of 519
Made with FlippingBook - Online magazine maker