Pension schemes Scottish Income Tax newsletter 19 December 2017
HMRC has published their latest pension schemes Scottish rate of Income Tax newsletter which includes updates on residency status and relief at source.
Pension schemes relief at source for Scottish Income Tax newsletter - December 2017 contains information on the following topics:
Scottish Budget Notification of residency status report Residency status look up service How to apply relief at source rate for the whole tax year How to submit your annual return of individual information to HMRC Relief at source draft regulations
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Pension schemes newsletter 94 - December 2017 4 January 2018
The latest HMRC Newsletter includes an update on issues experienced when reporting multiple small pots payments on the same FPS through RTI.
The update states that the problems occur when reporting multiple small pots payments because RTI matches on the first part of the payroll ID reference and can treat some reports of multiple small pots payments as duplicates. This affects the reporting of multiple payments on the same FPS, multiple payments with the same end date and payments where the scheme administrator payroll ID reference only differs in the last couple of digits. HMRC has carried out a scan to correct all affected records for tax years 2015 to 2016, 2016 to 2017 and 2017 to 2018. The guidance in paragraph 2.2.5 of the CWG2 has been amended to say that if you’re reporting these types of payments you should enter a different end date for each payment. If issues are still being experienced HMRC can be contacted for assistance. Full details can be found in Item 3 .
Pension Schemes Newsletter 94 also contains information on:
Relief at source for Scottish Income Tax Annual allowance Simplifying pension language New pensions online service - updating your scheme administrator details
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Pension schemes newsletter 94 - December 2017 04 January 2018
The latest HMRC Newsletter includes an update on issues experienced when reporting multiple small pots payments on the same FPS through RTI.
The update states that the problems occur when reporting multiple small pots payments because RTI matches on the first part of the payroll ID reference and can treat some reports of multiple small pots payments as duplicates.
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