As part of the Autumn Statement documentation Annex A, the company car tax rates for April 2024 have been confirmed … Continue reading Company Car Tax 2024
Company Car Tax 2024
Category: Benefits In Kind
Reduction in NI = reduction in employee salary sacrifice benefit
With the governments Autumn Statement reduction of 2% in the standard rate of National Insurance Contributions from the current 12% … Continue reading Reduction in NI = reduction in employee salary sacrifice benefit
Relevant motoring expenditure and National Insurance
As part of the HMRC agent update 114, information has been shared on the reclaiming of NI following the Upper … Continue reading Relevant motoring expenditure and National Insurance
Home and company EV charging – HMRC view change
HMRC has published amended guidance in the Employment Income Manual (EIM23900) and introduced new guidance in the National Insurance Manual (NIM06440) about a change … Continue reading Home and company EV charging – HMRC view change
Residential charging of company electric vehicles – HMRC change of heart!
The HMRC has outlined a change in the October 2023 Employer Bulletin in relation to electric vehicles being charged at … Continue reading Residential charging of company electric vehicles – HMRC change of heart!
August 2023 Employer Bulletin
HMRC have issued the August 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading August 2023 Employer Bulletin
Paper P11Ds – now being rejected
Paper P11D or P11D(b) (original or amendment) after 6th April 2023 If an employer or agent submits a paper P11D … Continue reading Paper P11Ds – now being rejected
Benefits – Classifying Cars versus Vans
HMRC are raising awareness of how vehicles should be classified for benefit in kind purposes. On 20th July 2020 the … Continue reading Benefits – Classifying Cars versus Vans
April 2023 Employer Bulletin
HMRC have issued the April 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading April 2023 Employer Bulletin
No more Paper P11Ds to HMRC
The HM Revenue and Customs Software Developer Support Team have confirmed changes to the acceptable P11D submission due from 6th … Continue reading No more Paper P11Ds to HMRC
HMRC issue guidance for 2023/2024 tax year
The HMRC have update their employer guidance CWG2, CWG5 and also the guide to gross-up where employer pay the tax … Continue reading HMRC issue guidance for 2023/2024 tax year
Major changes to reporting benefits
HM Revenue and Customs has informed employers as part of the February 2023 Employer Bulletin of changes to reporting benefits. … Continue reading Major changes to reporting benefits
One week left to file Self Assessment for the remaining 3.4 million outstanding
Millions still to file their Self Assessment tax return with one week left. With one week to go until the … Continue reading One week left to file Self Assessment for the remaining 3.4 million outstanding
December 2022 Employer Bulletin
HMRC have published their December 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Your employees … Continue reading December 2022 Employer Bulletin
Tax year 2023/2024: Car and van fuel benefit charge increased
HM Revenue and Customs have confirmed the decision to increase the Expenses and Benefits rates for tax year 2023/2024, effective … Continue reading Tax year 2023/2024: Car and van fuel benefit charge increased
Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator
An employer who provides childcare vouchers to employees are required to undertake an annual Basic Earnings Assessment (BEA) prior to … Continue reading Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator
Autumn Statement 2022
Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor … Continue reading Autumn Statement 2022
Chancellor delivers plan for stability, growth and public services
The Chancellor has, Thursday 17th November 2022, announced the Autumn Statement, its aim to restore stability to the economy, protect … Continue reading Chancellor delivers plan for stability, growth and public services
October 2022 HMRC Employer Bulletin
HMRC have published their October 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Reduction in … Continue reading October 2022 HMRC Employer Bulletin
Approved Mileage Allowance Payments error
HMRC’s Income Tax Policy Team has indicated that over the last 6 months, both HMRC & HM Treasury have received … Continue reading Approved Mileage Allowance Payments error
EV Drivers benefit from £20 million chargepoint boost
Drivers will have access to more than 1,000 new electric vehicle chargepoints across the country. more than 1,000 new electric … Continue reading EV Drivers benefit from £20 million chargepoint boost
Walking, wheeling and cycling to be offered on prescription in nationwide trial
Eleven local authority areas in England to benefit from £12.7 million in multi-year funding. trials in 11 areas across the … Continue reading Walking, wheeling and cycling to be offered on prescription in nationwide trial
Call to check vehicles before travelling as 41,500 breakdowns caused by tyre issues
With daily life returning back to the new normality, more vehicle are back on the road and more journeys are … Continue reading Call to check vehicles before travelling as 41,500 breakdowns caused by tyre issues
COVID-19 Easements end
As part of the April 2022 Employer Bulletin, HMRC have confirmed detail around the ending of certain ‘easements’ related to … Continue reading COVID-19 Easements end
April 2022 HMRC Employer Bulletin
HMRC publishes the Employer Bulletin 6 times a year, giving employers and agents the latest information on topics and issues … Continue reading April 2022 HMRC Employer Bulletin
SPRING BUDGET SPECIAL 2022-23 WITH SIMON PARSONS #79
Nick Day is joined on The Payroll Podcast by Simon Parsons M.Sc FCIPPdip MBCS, Director UK Compliance Strategies at SD … Continue reading SPRING BUDGET SPECIAL 2022-23 WITH SIMON PARSONS #79
Spring Statement 2022
Dear PAYadvice.UK, The Chancellor made his annual Spring Statement speech today where he set out the Government’s tax plan to … Continue reading Spring Statement 2022
5p cut in fuel duty
What has been announced As part of the government spring statement, Rishi Sunak has confirmed that there is a cut … Continue reading 5p cut in fuel duty
February 2022 HMRC Employer Bulletin
HMRC publishes their Employer Bulletin online 6 times a year, providing employers and agents with the latest information on topics … Continue reading February 2022 HMRC Employer Bulletin
HMRC issue new guidance to operate from 6th April 2022
By PSP (c)2019 HM Revenue and Customs has updated guidance and instructions in preparation to be operated from 6th April … Continue reading HMRC issue new guidance to operate from 6th April 2022
HMRC December 2021 Employer Bulletin
HMRC have issued the December 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer … Continue reading HMRC December 2021 Employer Bulletin
Child Care Vouchers – 2022/2023 Basic Earnings Assessment Calculator
Employer who provide childcare vouchers to employees are required to undertake an annual Basic Earnings Assessment (BEA) prior to the … Continue reading Child Care Vouchers – 2022/2023 Basic Earnings Assessment Calculator
Drivers miss out by not renewing licences online
New figures released by DVLA show that drivers missed out on £2.3 million of savings by not renewing their photocard … Continue reading Drivers miss out by not renewing licences online
Powers to make temporary modifications to employment taxation
According to HM Treasury, COVID-19 has highlighted the limited scope to make changes to the current benefits in kind and … Continue reading Powers to make temporary modifications to employment taxation
Van benefit charge and fuel benefit charges for cars and vans from 6 April 2022
As part of the Autumn Budget 2021, the following has been announced: Who is affected? Employers and employees: where employers … Continue reading Van benefit charge and fuel benefit charges for cars and vans from 6 April 2022
Start preparing now for Payrolling benefits 2022/2023
HMRC is encouraging employers to consider payrolling the expenses and benefits they pay to staff. The advantages of payrolling expenses … Continue reading Start preparing now for Payrolling benefits 2022/2023
HMRC October 2021 Employer Bulletin
HMRC have issued the October 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer … Continue reading HMRC October 2021 Employer Bulletin
Prisoners recycle bikes for hospital staff
Prison programme encourages inmates to repair and recycle over 900 bikes for hospital staff and children from disadvantaged backgrounds, helps … Continue reading Prisoners recycle bikes for hospital staff
HMRC August 2021 Employer Bulletin
HMRC have issued the August 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer … Continue reading HMRC August 2021 Employer Bulletin
Motorists warned of websites charging a premium for free DVLA services on GOV.UK
DVLA has been contacted more than 1,200 times since January 2020 by customers who have paid more for services than … Continue reading Motorists warned of websites charging a premium for free DVLA services on GOV.UK
HMRC June 2021 Employer Bulletin
HMRC have issued the June 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer … Continue reading HMRC June 2021 Employer Bulletin
Want to Payroll Benefits In Kind (PBIK) and not issue P11Ds anymore?
Register for payrolling benefits and expenses If your considering payrolling benefits and expenses from April 2022, they need to register. … Continue reading Want to Payroll Benefits In Kind (PBIK) and not issue P11Ds anymore?
HMRC April 2021 Employer Bulletin
HMRC have issued the April 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer … Continue reading HMRC April 2021 Employer Bulletin
Cycle training for families and children
As COVID-19 restrictions lift, Transport Secretary invests in the Bikeability cycling proficiency training scheme so that more people can feel … Continue reading Cycle training for families and children
Child Care Vouchers – 2021/2022 Basic Earnings Assessment Calculator
Employer who provide childcare vouchers to employees are required to undertake an annual Basic Earnings Assessment (BEA) prior to the … Continue reading Child Care Vouchers – 2021/2022 Basic Earnings Assessment Calculator
Plug-in car, van and truck grant to be targeted at more affordable models to allow more people to make the switch
As more people than ever opt for electric vehicles, the government announces changes to the plug-in car, van and truck … Continue reading Plug-in car, van and truck grant to be targeted at more affordable models to allow more people to make the switch
Payroll 2021/2022: Company car appropriate percentages
The HMRC Software Developers Support Team have provided the following confirmations. Company car appropriate percentages for 2021-22 have been confirmed … Continue reading Payroll 2021/2022: Company car appropriate percentages
Draft P11D and working sheets published for software developers
HM Revenue and Customs (HMRC) have provided the final versions of P11D and P11D Working Sheets for tax year 2020 … Continue reading Draft P11D and working sheets published for software developers
HMRC issue the 2021/2022 further guidance
The HMRC have update their employer guidance CWG2, CWG5 and also the guide to gross-up where employer pay the tax … Continue reading HMRC issue the 2021/2022 further guidance
Support for small businesses, landlords and leaseholders: government charges up the electric vehicle revolution with £50 million boost
Government announces financial boost to encourage electric vehicle use and launches consultation on improving the charging experience. electric vehicle charging … Continue reading Support for small businesses, landlords and leaseholders: government charges up the electric vehicle revolution with £50 million boost
HMRC end informal payrolling of benefit arrangements
In the February 2021 Employer Bulletin, HMRC have announced the end of informal payrolling arrangements. Informally payrolling HMRC state that … Continue reading HMRC end informal payrolling of benefit arrangements
February 2021 Employer Bulletin published
HMRC have published their new format web delivered Employer Bulletin. It’s absolutely packed with important information which will aid payroll … Continue reading February 2021 Employer Bulletin published
Salary Sacrifice and furlough reference salary
HMRC have added further clarification to the furlough guidance in relation to salary sacrifice arrangements and the calculation of the … Continue reading Salary Sacrifice and furlough reference salary
The Van Benefit and Car and Van Fuel Benefit Order 2021
HM Treasury have issued the following statement to enable payroll software and employers to prepare for the new tax year … Continue reading The Van Benefit and Car and Van Fuel Benefit Order 2021
Statement: Tax exemptions: Employer-reimbursed coronavirus antigen tests and easement for employer-provided cycles exemption
Employer-reimbursed coronavirus antigen tests: Exemption from Income Tax and National Insurance contributions On 9 July 2020, the Government agreed to … Continue reading Statement: Tax exemptions: Employer-reimbursed coronavirus antigen tests and easement for employer-provided cycles exemption
Employer reimbursed Coronavirus swab tests – Income tax exemption and National Insurance disregard
The Government is to introduce a temporary income tax exemption and National Insurance contributions (NICs) disregard, to ensure that employees … Continue reading Employer reimbursed Coronavirus swab tests – Income tax exemption and National Insurance disregard
Exemption for employer-provided coronavirus antigen tests #COVID19
A new temporary exemption is being introduced to make sure that employees who are given a relevant coronavirus antigen test … Continue reading Exemption for employer-provided coronavirus antigen tests #COVID19
Virtual Christmas staff events – tax exemption status confirmed
HM Revenue and Customers have indicated the following, guidance will be updated shortly. Having considered the scope of section 264 … Continue reading Virtual Christmas staff events – tax exemption status confirmed
Job Support Scheme Open – what is ‘reference salary’?
*Update* On Thursday 5th November 2030, the UK government confirmed a further extension of CJRS until the end of March … Continue reading Job Support Scheme Open – what is ‘reference salary’?
Employer provided flu jabs – taxable benefit? It depends!
Times continue to be very strange with the #COVID19 pandemic. The number of U.K. citizens who qualify for a free … Continue reading Employer provided flu jabs – taxable benefit? It depends!
Payrolling – tax employees’ benefits through your payroll
Dear @PAYadvice, We’re continuing to help employers, businesses and individuals with online support during this difficult period. Almost all benefits … Continue reading Payrolling – tax employees’ benefits through your payroll
Expired driving licences automatically extended by 11 months
Photocard licences that expire between 1st February and 31st December 2020 have been extended for 11 months. Under these changes, … Continue reading Expired driving licences automatically extended by 11 months
Update – Coronavirus (COVID-19) tests – tax and NI free
Following some criticism of the original HMRC confirming a tax and Class 1A liability, the government are making a legal … Continue reading Update – Coronavirus (COVID-19) tests – tax and NI free
Find out more about the Job Retention Bonus Scheme
8th July 2020 Dear @PAYadvice, Today the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off … Continue reading Find out more about the Job Retention Bonus Scheme
Update to Expenses and Benefits during #COVID19 #coronavirus (updated 8th July 2020)
HM Revenue and Customs have updated guidance (6th July 2020) in relation to 'Coronavirus (COVID-19) tests' and 'Personal Protective Equipment … Continue reading Update to Expenses and Benefits during #COVID19 #coronavirus (updated 8th July 2020)
Mandatory MOT testing to be reintroduced from 1st August 2020 #COVID19 #coronaviris
Mandatory MOT testing is reintroduced from 1st August 2020 as COVID-19 restrictions are slowly lifted. MOT ensure that vehicle parts, … Continue reading Mandatory MOT testing to be reintroduced from 1st August 2020 #COVID19 #coronaviris
Returning to work – Cycle to work boost #COVID19 #coronavirus
“One form of transport which has seen a significant increase is cycling – it is great to see people switching … Continue reading Returning to work – Cycle to work boost #COVID19 #coronavirus
Drivers granted 7 month photocard licence extension #COVID19 #coronavirus
Drivers with a photocard driving licence due to expire between 1st February and 31st August 2020 will be granted a … Continue reading Drivers granted 7 month photocard licence extension #COVID19 #coronavirus
Waiving Income or Salary as a result of #COVID19
Employers, directors and employees may want to waive their rights to salaries and bonuses during the Covid-19 pandemic to support … Continue reading Waiving Income or Salary as a result of #COVID19
Filing deadlines (P11D, PSA etc) and #COVID19 #coronavirus
P11D deadlines are looming As a result of #coronavirus lockdown and increased home-working arrangements, many payroll and reward professionals are … Continue reading Filing deadlines (P11D, PSA etc) and #COVID19 #coronavirus
Exemption for #coronavirus related reimbursed home office expenses #COVID19
The UK government have announced in the House of Parliament and the House of Lords tax concession for employers reimbursing … Continue reading Exemption for #coronavirus related reimbursed home office expenses #COVID19
P11D 6 July 2020 deadline to still apply! #COVID19 #coronavirus
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/874060/P11D_expenses_benefits_2020.pdf PAYadvice has made representations to HMRC on the various deadlines and any planned extensions. Employers find themselves in positions … Continue reading P11D 6 July 2020 deadline to still apply! #COVID19 #coronavirus
Volunteer fuel and mileage costs #COVID19 #coronavirus
Some employers are supporting furloughed employees who volunteer for charities and to support organisations such as the NHS etc. HMRC … Continue reading Volunteer fuel and mileage costs #COVID19 #coronavirus
Company car during #COVID19 #coronavirus lockdown – HMRC clarification
HMRC has issued clarification (6/5/2020) on the treatment of company cars for those home-working or furloughed where the vehicle is … Continue reading Company car during #COVID19 #coronavirus lockdown – HMRC clarification
New P46(Car) form released
HMRC have released (28th April 2020) the updated P46(Car) for use from 6th April 2020 for those employers reporting company … Continue reading New P46(Car) form released