HMRC have issued the July 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, payroll professionals and agents.the next edition will be published in August 2024.
In this edition of the Employer Bulletin there are important updates and information on:
PAYE
- tax calculation repayments
- PAYE Settlement Agreement calculations 2023 to 2024
- Guidelines for Compliance — Help with football agents’ fees and dual representation contracts
- operating payroll: Real Time Information for off-payroll working (IR35)
- Payroll Giving
- reporting advances of salary when paid on account of earnings
- P11D and P11Db for tax year 2023 to 2024
- paying Class 1A National Insurance contributions
- improving the Self-Serve Time to Pay service for PAYE and VAT customers
Tax updates and changes to guidance
- Self Assessment threshold change
- Spotlight 64 — warning for employment agencies using umbrella companies
- Basis Period Reform — reporting on a tax year basis
General information and customer support
PAYadvice.UK 10/7/2024
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