Details of the changes employers will see from 6 April 2014:
on a Full Payment Submission (FPS) on an Employer Payment Summary (EPS) to interest to correcting errors for an earlier year to Generic Notification Service electronic messages
A forward look for changes later in the year:
in-year penalties online appeals
Finishing the 2013-14 and starting the 2014-15 tax years
Interest from 2014-15 This helpsheet sets out in brief how the new, in-year interest will operate from 2014-15, providing information on, amongst other things: what will change with the way HMRC charges interest how interest will be calculated how HMRC will calculate interest on a charge that employers didn't agree with
At a glance: interest from 2014-15
Further information The ‘What's new’ message of 18 February 2014 has a link to a helpsheet providing a step- by-step guide on sending the final 2013-14 submission to HMRC: Employers' final PAYE submission for 2013-14
Employers who pay PAYE only once a year and are due to pay month 12 of 2013 to 14
24 March 2014
HMRC has recently issued letters entitled 'Paying PAYE electronically' to employers who are due to make their one off annual 2013 to 14 PAYE payment for month 12, 6 March to 5 April by 19/22 April 2014.
HMRC has published the following message on their ‘What’s New’ pages:
Employers who pay PAYE only once a year and are due to pay month 12 of 2013 to 14
Most employers now report their PAYE information in real time, known as Real Time Information (RTI). This means each time you pay an employee you must submit details about employees’ pay and deductions to HMRC using payroll software. As part of this change and our ongoing drive to encourage employers to pay using electronic methods of payment, we have stopped automatically issuing letters with a payslip to all employers who pay their PAYE on an annual basis in one single month of the year. If you have received one of the ‘Paying PAYE electronically’ letters we will not be sending you a payslip to pay your month 12 payment and we are encouraging you to follow the guidance on the letter and pay us electronically.
As the letter advises, paying electronically is more secure, faster, easier and allows you to pay by the 22 April instead of the 19 April if you paid by cheque in the post.
CIPP Policy News Journal
16/04/2014, Page 311 of 519
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