The Act will also make related amendments to Part 4A of the Scotland Act 1998 on the definition of a Scottish taxpayer. This is to ensure that an individual cannot be a Welsh and Scottish taxpayer in the same year, if the Welsh rate is introduced.
Post Office temporary deposit limit of £10,000
2 February 2015
A temporary £10,000 limit has been put in place on the amount that can be paid into the Post Office.
Issues from the accountant community were highlighted in an AccountingWEB article earlier this week, after refusals at the post office when trying to deposit more than £10,000. This came at a critical time for those dealing with self-assessment on behalf of clients as the deadline is 31 January for paying tax owed from the previous year. AccountingWEB contacted HMRC who confirmed that bank Santander, in partnership with the Post Office, has introduced a temporary cap of £10,000 due to recent actual and attempted frauds. HMRC has advised on the relevant areas of GOV.UK that there is a £10,000 limit when paying into the Post Office. They also said that it may become a permanent measure, after it is monitored and reviewed by the end of February this year.
Read more on this story from AccountingWEB .
Rates and thresholds for employers 2015 to 2016
2 February 2015
HMRC has published the key rates and thresholds for 2015-16 on GOV.UK.
The following rates and thresholds are now available on GOV.UK .
PAYE tax and Class 1 National Insurance contributions (NICs) National minimum wage Statutory maternity, paternity and adoption pay Statutory Sick Pay (SSP) Student loan recovery Class 1A NICs: expenses and benefits Company cars: advisory fuel rates Employee vehicles: mileage payments for business travel Class 1B NICs: PAYE Settlement Agreements
HMRC Penalties: a Discussion Document
3 February 2015
As HMRC transform to deliver more digital services, they are looking to improve the way that penalties are applied.
This publication HMRC Penalties: a Discussion Document is the first stage of consultation asking for comments on how the application of penalties may be changed to better
CIPP Policy News Journal
08/04/2015, Page 289 of 521
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