An update to the CWG5 (Class 1A NICs on BiKs), acts as a reminder that payments through a Post Office to HMRC will only be allowed until 14 December 2017.
The methods by which HMRC will accept payments is changing. The Post Office Transcash service is to be withdrawn from 15 December 2017.
The CWG5 has been updated to reflect the forthcoming change. You should use your Class 1A NICs payslip if you pay at a bank or Post Office or by cheque through the post. You can only pay at the Post Office until 14 December 2017 after this date the facility will be withdrawn.
Back to Contents
PAYE internet submissions, expenses and benefits 2 November 2017
Samples of the P11D, P11D(b) and P46(Car) for 2017-18 have been added to the PAYE expenses and benefits schema and supporting documents for PAYE software developers.
Follow the link below for full details.
PAYE internet submissions, expenses and benefits: schema 2017 to 2018
Back to Contents
Measures in National Insurance contributions (NICs) bill delayed by one year 6 November 2017
The abolition of class 2 NICs, reforms to the NICs treatment of termination payments, and changes to the NICs treatment of sporting testimonials will now take effect from April 2019, one year later than originally planned.
The Exchequer Secretary to the Treasury, Andrew Jones, announced that the Government will introduce the National Insurance Contributions (NICs) Bill in 2018. The measures it will implement will now take effect one year later, from April 2019. This includes the abolition of class 2 NICs, reforms to the NICs treatment of termination payments, and changes to the NICs treatment of sporting testimonials. The Exchequer Secretary also said that the decision to implement a one-year delay is to allow time to engage with interested parties and parliamentarians with concerns relating to the impact of the abolition of class 2 NICs on self- employed individuals with low profits. The Government has committed to abolishing class 2 NICs to simplify the system, so it is therefore right to take the time to ensure that there are no unintended consequences for the lowest paid
Back to Contents
CWG2: Further guide to PAYE and National Insurance contributions 6 November 2017
The section in the CWG2 on trivial commutation payments relating to registered pension schemes has been amended to clarify the details about commutation.
Where a trivial commutation payment is taxable, in whole or part as pension income, then tax has to be deducted through PAYE from the taxable amount.
The amended guidance clarifies information about:
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 320 of 516
Made with FlippingBook - Online magazine maker