The Chartered Institute of Payroll Professionals
Policy Bi-Monthly Newsletter – September 2016
Consultation on simplifying the PAYE Settlement Agreement (PSA) process 12 August 2016
A consultation has been published on proposals to simplify the process used for agreeing and reporting items in a PAYE Settlement Agreement.
The government is not proposing to widen the scope of PSAs. This consultation sets out proposals to reform the PSA process, to:
make it simpler for both employers and HMRC to administer PSAs provide greater clarity about what can and cannot be included in a PSA.
This consultation is in response to the Office of Tax Simplification’s (OTS) second report on employee benefits and expenses published in January 2014.
The consultation on simplifying the PAYE Settlement Agreement (PSA) process will run until 18 October 2016 . Watch out for a survey from the CIPP Policy team as we will be asking for your feedback to inform our formal response.
Once the consultation has closed the government will consider all responses - both written and gained through stakeholder meetings - and will publish a response document later this year which will set out the next steps.
Company car tax for ultra-low emission cars 15 August 2016
HM Treasury has published a consultation which seeks views on the design of bands for ultra-low emission cars from 2020-21 onwards. Geographical extent – any regulatory changes that happen as a result of this consultation will apply to all four nations of the UK.
The consultation - Company car tax for ultra-low emission cars , seeks to explore how best to incentivise the cleanest cars into the next decade, a period during which rapid innovation will deliver significant changes in the way motor vehicles are powered.
Company car tax rates and bands, including for ultra-low emission cars (ULEVs) are already legislated for until 2019- 20. This consultation seeks views on the design of bands for ULEVs from 2020-21 onwards.
If this consultation is relevant to you or your company, you can respond directly. Please send comments by 19 October 2016 by either email to RHMTETTAnswers@hmtreasury.gsi.gov.uk or by post to:
Company Car Tax Consultation, Transport Branch Energy and Transport Tax Team, HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ.
cipp.org.uk
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