The Chartered Institute of Payroll Professionals
News On Line
A PAYE Settlement Agreements (PSA) allows as an employer to make one annual payment to cover all tax and national insurance contribution (NIC) liability, due on items that are minor, irregular or impracticable expenses (or benefits) to employees.
The guideline outlines HMRC’s preferred method of submitting calculations for PSA. The guidance is also to help employers reduce the risk of error when calculating a PSA.
The guidance includes information on:
entering into an agreement how to pay an agreement common errors and risks calculating the amount to pay
• • • • •
what to do if you’ve made a mistake.
HMRC has also added information on how to get a PSA online under the section ‘How to enter an agreement’ in the guidance. The online service can also be used to cancel or amend a PSA. HMRC has clarified the information under ‘How to pay an agreement’.
Find out more about PSA here.
Back to contents
HMRC updated guidances Published: 24 May 2023 Emailed: 24 May 2023
HM Revenue and Customs (HMRC) has now updated the GOV.UK guidance.
Below are the key updates for this week:
• form to ‘Apply for Marriage Allowance by post’ is now available
• guidance for ‘ Find software that's compatible with Making Tax Digital for Income Tax ’ has been updated. A software supplier’s details have been added in the ‘software in development’ section
• check the availability and any issues affecting the Employers PAYE payment plan service here
• find out how to use the PAYE for Agents online service - the PAYE online service for agents to send HMRC forms P11D amendment and P11D(b) amendment can now be used.
Back to contents
Advisory Fuel rates from 1 June 2023 Published: 25 May 2023 Emailed: 31 May 2023
HM Revenue and Customs (HMRC) has released the advisory fuel rates to be used from 1 June 2023. You can use the previous rates for up to one month after the new rates apply.
cipp.org.uk
Page 92 of 314
Made with FlippingBook - Online magazine maker