The Chartered Institute of Payroll Professionals
Policy Bi-Monthly Newsletter – September 2016
Autumn Statement 2016 date confirmed 20 September 2016
This year’s Autumn Statement will be on Wednesday 23 November 2016.
The Chancellor of the Exchequer, Philip Hammond, has announced that he will present his first Autumn Statement to Parliament on Wednesday 23 November 2016.
The Autumn Statement is based on the latest forecasts from the Office for Budget Responsibility for the economy and public finances.
CIPP comment
We are due to receive government responses to several consultations at this year’s Autumn Statement. Expected announcements include further detail on:
• the review of income tax and national insurance alignment; • alignment of dates for making-good on benefits-in-kind; and • salary sacrifice for the provision of benefits in kind.
The Policy Team always produce a summary of relevant announcements; watch our news pages on Wednesday 23 November to find out what you need to know.
Finance Act 2016 19 September 2016
The Finance Bill has eventually received Royal Assent and has become the Finance Act 2016.
GOV.UK hosts the collection of supporting documents for the Finance Act; the vehicle for renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system.
Relevant legislation for the payroll profession include the apprenticeship levy, income tax, paying HMRC, tax administration and tax avoidance and evasion.
cipp.org.uk
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