time?
Simplified PAYE Deduction Scheme: Non- Care and Support employers Simplified PAYE Deduction Scheme: Care and Support employers
In (from April 2013)
In (from April 2014)
Examination Fees Electoral Payments
In (from April 2014) In (from April 2014)
Tips and voluntary service charges distributed by a Tronc National Insurance (NI) only liability: Employer responsible for deducting NI Direct Collection: Employee deducting NICs only on their own employment income Direct Payment: Employee deducting Tax only on their own employment income Direct Payment: Employee deducting Tax and NICs on their own employment income
In (from April 2013)
In (from April 2013)
In (from April 2014)
In (from April 2014)
In (from April 2014)
Profit Sharing Scheme
In (from April 2013)
EPA: Payments to employees of companies in receivership
In (from April 2013)
Taxed Award Scheme
Out Out Out
Offshore Protocol
Contractor only (no employees)
Read the full press release from HMRC
REAL TIME INFORMATION GUIDANCE ON PENALTIES FOR 2012/13 AND 2013/14
29 November 2012
HMRC has now published guidance on late and inaccurate returns for 2012-13 and 2013-14.
Following consultation, the guidance sets out the following for employers operating PAYE in real time.
Penalties for late returns 2012-13 and 2013-14
There will be no change to the penalties for late filing of returns for the tax years 2012-13 and 2013-14. The current penalty regime will continue to apply at the tax year end. There will be no penalties if in-year Full Payment Submissions (FPSs) are submitted late. Employers and pension providers must submit an FPS 'on or before' they pay an employee or pensioner. If they still have information to send after 5 April, they can send this on an FPS until 19 April, then on an Earlier Year Update after that. To avoid a late filing penalty for 2012-13 and 2013-14, they must report the final payment made to an employee or pensioner by 19 May following the end of the relevant tax year. 2012-13: For the tax year 2012-13, HMRC will not charge penalties for inaccuracies identified on in-year FPS. But penalties may be charged after the end of the tax year, based on the final FPS for the year. 2013-14: Penalties for inaccuracies may apply to in-year returns from the 2013-14 tax year. HMRC will use the same considerations which apply now under Schedule 24, Finance Act 2007 and continue to use a risk-based approach to identify employers who may be submitting incorrect returns. Penalties for inaccurate returns 2012-13 and 2013-14
CIPP Policy News Journal
16/04/2014, Page 323 of 519
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