HMRC have issued the February 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, payroll professionals and agents.
The next Employer Bulletin is in March 2024
In this month’s edition of the Employer Bulletin there are important updates and information on:
PAYE
- taxed award schemes
- 2024 National Insurance contributions rate changes
- Basic PAYE Tools — new release
- reducing the risk of your employee paying too much student loans
- end of year reporting
- employers’ payment booklet no longer available
- reporting expenses and benefits for the tax year ending 5 April 2024
Tax updates and changes to guidance
- basis period reform
- changes to Scottish Income Tax from 6 April 2024
- termination payments — the correct route to obtain clearance where there may be uncertainty of the correct tax treatment
- simplifying the reporting of Income Tax and National Insurance contributions on benefits in kind
General information and customer support
- upcoming changes to Paternity Leave and Pay
- Help for Households
- help your workers steer clear of tax avoidance
- electronic sales suppression — HMRC clamps down on major till fraud
- National Cyber Security Centre offers phishing scam training
- claiming tax relief on employee expenses
- new Convention on social security coordination with Iceland, Liechtenstein and Norway
- retained firefighter
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