PAYE Settlement Agreements (PSA) — new PSA1

HMRC have completed a review of feedback from employers who use PAYE Settlement Agreements (PSAs). Acting on that feedback HMRC have redesigned the PSA1 form and introduced a digital submission route.

The new form is available at:

HMRC is encouraging all employers to take up the new reporting method as the most efficient way to submit PSA1 and now HMRC’s preferred method of receiving.

The new digital format offers benefits including: ‘easy, standardized reporting, improved accuracy, speedier processing times and fewer resulting queries’.

If using the paper version, employers may have to complete more than one PSA1 depending on where employees live. The new digital PSA1 allows employers to submit one form for all employees regardless of their location.

PAYadvice.UK 25/7/2022

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