CIPP Payroll: need to know - 2023-24

The Chartered Institute of Payroll Professionals

News On Line

Update on the P87 form and Marriage Allowance transfer claim form (MATCF)

Published: 26 February 2024 Emailed: 28 February 2024

From 26 February 2024, the P87 form to claim tax relief on expenses and the MATCF to apply for the marriage allowance by post will be amended.

The new forms will ask if the taxpayer is nominating an agent to act on their behalf or for that agent to provide their Agent Reference Number.

You can read more information on this month’s Agent Update newsletter.

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Investment Zones and Investment Zone tax sites maps Published: 19 March 2024 Emailed: 20 March 2024

The government launched a refocused Investment Zone programme at the 2023 Spring Budget, with the aim of regenerating regions across the country by giving businesses tax relief to assist in bringing investment, trade, and jobs to designated areas.

An additional six Investment Zones were added to the list at the 2024 Spring Budget: Greater Manchester, Liverpool City Region, Northeast of England, South Yorkshire, and West Midlands and Tees Valley.

HM Revenue and Customs (HMRC) has published maps for three of the Investment Zones and Investment Zone tax sites.

The maps show areas of Liverpool, the Northeast of England, and the West Midlands where businesses will benefit from tax reliefs.

Further maps of Investment Zones and Investment Zone tax sites will be added once they have been designated.

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