HMRC have issued the April 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, payroll professionals and agents.
In this month’s edition there are important updates and information on:
PAYE (Pay As You Earn)
- Classification of company cars and vans for benefit in kind purposes
- Employer PAYE Direct Debits and Time to Pay arrangements
- Tax and National Insurance contributions for termination payments
- Student and postgraduate loans
- Employer PAYE charge queries
- Reporting expenses and benefits for the tax year ending 5 April 2023
- Payrolling expenses and benefits in kind
- Paying Class 1A National Insurance contributions — due 22 July 2023
- PAYE electronic payment deadline falls on a weekend
- Update to ‘fix problems with payroll’ guidance and new process for overpayments of National Insurance contributions
Tax updates and changes to guidance
- The official rate of interest from 6 April 2023
- Changes to VAT penalties for late filing or payments
- Guidelines for Compliance — help with VAT apportionment of consideration
- Businesses misusing their till systems should come forward
- Off-payroll working rules (IR35) — engaging contractors
- Preparing for the new tax year basis — Income Tax Self Assessment
- Understanding your obligations on right to work and National Minimum Wage
- Prepare for the Economic Crime Levy
General information and customer support
- Annual ‘Tell ABAB’ survey gives small businesses a big voice in the tax system
- Tax Administration Framework Review — simplifying and modernising HMRC’s Income Tax services through the tax administration framework
- Anti-money laundering supervision — YouTube videos to help businesses
PAYadvice.UK 20/4/2023
