PAYROLL news
issue with the company car tax calculator. If you used the calculator between 6 April and 14 April 2023 you may need to check your calculations l national minimum wage (NMW) common issues, including differentiating between someone on work experience and someone who is an intern l the PAYE settlement agreement (PSA) deadline is approaching, on 5 July 2023 l direct debit update l online employer services have been launched, where calls to HMRC could be resolved using online tools – you may instead be sent a text message directing you to the service rather than speaking to an advisor. Tax and updates to guidance l an increase to the apprenticeships care leavers’ bursary l occupation specific guidance for locum pharmacists will be removed from the employment status manual and the check employment status for tax (CEST) tool may decide to make up any gaps in their record, all the way back to April 2006. This can be particularly pertinent to those who are: l low earners l unemployed but not claiming benefits l self-employed but with low profits l living or working outside of the UK. These groups should be encouraged to review their record and see if making voluntary contributions is beneficial. It’s worth noting that filling gaps won’t always
will also be updated. If you’ve made a status determination based solely off the written contract, you should re-examine the determination l a reminder that the self-assessment threshold has been increased from £100,000 to £150,000 for the 2023/24 tax year l employment-related securities return deadlines and further information l preparing for the new tax year basis for income tax self-assessment. General information l making child benefit claims quicker and easier for new parents l how the National Cyber Security Centre helps businesses tackle cybercrime risks l National Insurance (NI) numbers can now be saved to the Apple Wallet l Tax administration framework review – calls for evidence and information published. The Employer Bulletin can be read in its entirety, here: https://ow.ly/YM2P50OQuE3. increase an individual’s state pension amount. The deadline was already extended earlier this year and has now been extended for almost two additional years. This will allow many more individuals the chance to make payments if they wish. With pensions adequacy being a very relevant topic right now, the CIPP encourages employers to speak to employees and make them aware of this news where possible.
June Employer Bulletin published THE JUNE issue of HM Revenue and Customs’ (HMRC’s) Employer Bulletin is now available online and covers a number of important updates for payroll professionals to be aware of. The CIPP recommends that payroll professionals read each of these publications in full, as and when they’re provided, to ensure they’re processing payroll in a compliant manner and understand any changes. This update provided information on: Pay as you earn (PAYE) l a reminder of the reference numbers needed on early / late payments to HMRC l P11D guidance to correctly report diesel cars on the working sheet for car and fuel benefit l further P11D guidance for filing and payment deadlines l confirmation that HMRC identified an Deadline for voluntary National Insurance contributions extended to April 2025 IN A joint release from HMRC and the Department for Work and Pensions (DWP), it was announced that the deadline to top-up voluntary NI contributions has been postponed until April 2025. Usually, individuals can only pay voluntary NI contributions for the previous six tax years; however, currently they
Diary dates
P11D submission date (to both HMRC and employees) P11D(b) submission date
6 July
5 July
Last day of tax month 3
6 July
First day of tax month 4
Last day for submitting a real time information employer payment summary to apply to tax month 3 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic method
19 July
22 July (this is a weekend date)
Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
5 August 6 August
Last day of tax month 4 Last day of tax month 5
Last day for submitting a real time information employer payment summary to apply to tax month 4 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic method Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method
19 August (this is a weekend date)
22 August
| Professional in Payroll, Pensions and Reward | July - August 2023 | Issue 92 10
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