A coding notice problem was highlighted recently by some correspondents to the PayPerShop Forum and similar issues were raised in the press and elsewhere. Employers were receiving multiple and conflicting coding notices for individual employees. In response to the problems, HMRC issued the following explanation: Continue reading
Posted February 4th, 2010 | No Comments »
Early in 2009 HMRC announced that it was changing its bankers from the Bank of England to Citi and Royal Bank of Scotland Group and that new sort codes and accounts numbers were being introduced in April 2009.
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Posted January 27th, 2010 | No Comments »
This is an adjustment to the item that appeared in the last newsletter of 2009. The explanation confused the way in which HMRC will handle two tax changes from April 2010, namely (1) the new 50% additional rate of tax and (2) the reduction to the personal allowance for individuals with an annual income of £100,000 or more.
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Posted January 15th, 2010 | No Comments »
A new “additional” higher tax rate of 50% is introduced for the 2010/11 tax year and applies to all taxable income, including savings income, above the £150,000 higher rate limit. The Finance Act 2009 made no reference to this change; it should be expected to be included in the Finance Bill for 2010.
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Posted December 23rd, 2009 | No Comments »
The 2009 Pre-Budget Report documents made reference to “PAYE scheme pooling”. This arrangement would allow large connected employers to combine or “pool” their PAYE scheme references, returns and payment obligations in order to reduce administration time and costs.
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Posted December 18th, 2009 | No Comments »
The Finance Act 2008 made provision for HMRC to accept payment of taxes by credit card but imposed a requirement for the taxpayer to pay a fee that covers the costs incurred by HMRC in handling the payment.
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Posted December 4th, 2009 | No Comments »
Question 6 in the Part 3 – Checklist section of the P35 Employer Annual Return is poorly worded and confusing. There are two parts to the question: Continue reading
Posted May 25th, 2009 | No Comments »
From the start of the 2010/11 tax year, the way in which tax codes D0 and NT must be applied when issued on coding notices P6 or P9 is changing. If the coding notice states that the employee’s tax code should be
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Posted May 18th, 2009 | No Comments »
In January 2009, HMRC published an online guide for pension and annuity payers, to supplement the information provided in the CWG2 Employer Further Guide to PAYE and NICs. The document has been updated and reissued.
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Posted April 26th, 2009 | No Comments »
The November 2007 issue of Notes for Payroll Software Developers stated that, when the new-style P45s come into use, any old-style P45s issued to leavers prior to 6 April 2009 and given to a new employer after that date will only be accepted by HMRC if the starting date is on or before 18 May 2009.
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Posted April 20th, 2009 | No Comments »
