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 the start of a new tax year to define the tax and NIC free amount of ChildCare Vouchers (CCV) allowed. The rates and limits available are set by the Westminster parliament and apply across the … Continue reading Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator

HMRC Loan charge discovery assessments

Disguised remuneration loan schemes were used to avoid paying Income Tax and National Insurance contributions. Those classed as having a disguised remuneration loan, when they receive payments for work or services in the form of a loan or other form of credit in a way that they were unlikely to be repaid. The Low Income … Continue reading HMRC Loan charge discovery assessments

Autumn Statement 2022

Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor set out the government’s plan to put public spending on a sustainable footing and get debt falling, while protecting vital public services and prioritising the needs of the most vulnerable. Full details are set out … 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 high-quality public services and build long-term prosperity for the United Kingdom. Chancellor unveils a plan for stability, growth, and public services. Tackling inflation is top of the priority list to stop it eating into paycheques … Continue reading Chancellor delivers plan for stability, growth and public services

Reversal of National Insurance Increase takes effect

Featured

From today , 6 November 2022, the 1.25% point cut to National Insurance rates for employees and employers takes effect across the UK. The reversal of April’s rise in National Insurance takes effect across the UK from today Added to July’s increase in National Insurance thresholds, almost 30 million people will be £500 better off … Continue reading Reversal of National Insurance Increase takes effect

Autumn Statement 17th November 2022

The Prime Minister Rishi Sunak and the Chancellor Jeremy Hunt have agreed that the Autumn Statement will now be delivered on 17th November 2022 along with the Office for Budget Responsibility (OBR) forecast. It is to include the United Kingdom’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling … Continue reading Autumn Statement 17th November 2022

Christmas 2022 – when are the Bank Holidays and what about paying early?

As Christmas Day and New Year’s Day fall on weekends, neither is a bank holiday and therefore substitute days are used instead. So Tuesday 27th December 2022 is the official substrate bank holiday and Monday 2nd January 2023 the official substitute as New Years is a Sunday. Do Bank holidays have to be paid? Bank … Continue reading Christmas 2022 – when are the Bank Holidays and what about paying early?

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 the rate of National Insurance contributions and reversal of the Health and Social Care Levy — employer actions Making your PAYE Settlement Agreement payment Guidelines for Compliance — help with PAYE Settlement Agreement calculations Electronic … Continue reading October 2022 HMRC Employer Bulletin

Chancellor brings forward further Medium-Term Fiscal Plan measures

Dear PAYadvice, Please share the following message sent on behalf of the HMRC External Affairs Team.  Earlier today the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, brought forward a number of measures from 31 October’s Medium-Term Fiscal Plan. The measures are designed to ensure the UK’s economic stability and provide confidence in the government’s … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures

Chancellor Statement – 17th October 2022

Speech to the House of Commons as delivered by Chancellor Jeremy Hunt. Mr Speaker, The central responsibility of any government is to do what is necessary for economic stability. Behind the decisions we take and the issues on which we vote are jobs families depend on, mortgages that have to be paid, savings for pensioners, … Continue reading Chancellor Statement – 17th October 2022

Chancellor brings forward further Medium-Term Fiscal Plan measures

The Chancellor of The Exchequer Jeremy Hunt has, Monday 17th October 2022, brought forward a number of measures from 31st October 2022 Medium-Term Fiscal Plan. Changes designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline Basic rate of income tax to remain at 20% until economic conditions … Continue reading Chancellor brings forward further Medium-Term Fiscal Plan measures

New Starter Checklist for PAYE available

HM Revenue and Customs have launched a New Starter Checklist as an alternative way for new employees to ensure their tax codes are correct if they don’t have a P45. By answering a series of questions and selecting the appropriate answers, this will produce a new starter declaration which can then be downloaded and emailed … Continue reading New Starter Checklist for PAYE available

Chancellor accepts request to stand aside

Friday 14th October 2022 saw one of the shortest service Chancellor of the Exchequer as Kwasi Kwarteng stands aside at the request of the prime minister Liz Truss. Following the Growth Plan 2022 announcements in cuts to both income tax and Corporation tax, the value of government gilts has been under significant market pressure along … Continue reading Chancellor accepts request to stand aside

Medium-Term Fiscal Plan (Budget)

The Chancellor has commissioned the OBR’s forecast for 31st October 2022, and will publish the Medium-Term Fiscal Plan on the same date. The Chancellor's letter notifies the Treasury Select Committee that the OBR’s forecast has been commissioned for 31st October 2022, and will be accompanied by the Chancellor’s Medium-Term Fiscal Plan. The Chancellor confirms that … Continue reading Medium-Term Fiscal Plan (Budget)

Self Assessment taxpayers could be fraudsters target

HMRC are always detecting new tax scams. Beware of fraudsters offering refunds or tax rebates in the run up to the 31st January Self Assessment deadline. In the 12 months to August 2022, HMRC has: responded to 181,296 referrals of suspicious contact from the public. Some 80,662 of these offered bogus tax rebates responded to 55,386 reports … Continue reading Self Assessment taxpayers could be fraudsters target

HMRC cracks down on unlawful estate agents

HMRC adds 68 estate agents to the list of named businesses not complying with money laundering regulations. Dozens of estate agents have been fined more than £500,000 for breaching anti-money laundering requirements, HM Revenue and Customs (HMRC) has announced 11th October 2022. 68 estate agents have been fined a total of £519,645 for not complying … Continue reading HMRC cracks down on unlawful estate agents

November 2022 NI change – Drop the message

To ensure taxpayers understood their increased National Insurance contributions from 6th April 2022, that the additional contribution was to help fund public services, HMRC asked employers and payroll agents to put a message on the payslip explaining what these funds would be used for. Originally they asked that the message apply to all payslips for … Continue reading November 2022 NI change – Drop the message

Additional Rate tax update

The Chancellor confirmed an update to plans for the Additional Rate tax on the morning of 3rd October 2022. “From supporting British business to lowering the tax burden for the lowest paid, our Growth Plan sets out a new approach to build a more prosperous economy. However, it is clear that the abolition of the … Continue reading Additional Rate tax update

Growth Plan implementation update

An update on next steps following the Growth Plan which the Chancellor set out on 23 September. Friday 23rd September 2023, the Chancellor of the Exchequer, the Rt Hon Kwasi Kwarteng MP, set out how the government would fulfil its commitment to cut taxes for people and businesses and announced wider supply side policies to … Continue reading Growth Plan implementation update

The Growth Plan 2022 speech

The Growth Plan 2022 speech as delivered by Chancellor Kwasi Kwarteng. Mr Speaker, Let me start directly with the issue most worrying the British people – the cost of energy. People will have seen the horrors of Putin’s illegal invasion of Ukraine. They will have heard reports that their already-expensive energy bills could reach as … Continue reading The Growth Plan 2022 speech

IR35 Off payroll working rules repealed from 6th April 2023 – cancelled

As part of the Chancellors Growth Plan 2022 speech: Mr Speaker, we can also simplify the IR35 rules – and we will. In practice, reforms to off-payroll working have added unnecessary complexity and cost for many businesses. So, as promised by My RHF the Prime Minister, we will repeal the 2017 and 2021 reforms. Of … Continue reading IR35 Off payroll working rules repealed from 6th April 2023 – cancelled

Company Share Option Plan (CSOP) limits doubled

Growth Plan – a package of measures to deliver a pro-growth, simplified tax system that supports business investment across the United Kingdom, and allows people to keep more of their own money. One is changes to the Company Share Option plan (CSOP) scheme – increasing the employee share option limit from £30,000 to £60,000 and … Continue reading Company Share Option Plan (CSOP) limits doubled

The Growth Plan 2022: Investment Zones

New employer National insurance reliefs to be introduced Similar to Veterans and Freeports, a new investment zone employer NIC relief is proposed requiring change in payroll solutions. Investment Zones Investment Zones are to drive growth and unlock housing across the UK by lowering taxes and liberalising planning frameworks to encourage rapid development and business investment. … Continue reading The Growth Plan 2022: Investment Zones

Reversal of the Health and Social Care Levy

The government is cancelling the Health and Social Care Levy – initially introduced via a 1.25 percentage point rise in National Insurance contributions (NICs) - which took effect in April 2022. This is delivered in two parts: The reduction of National Insurance rates from 6th November 2022, in effect removing the temporary 1.25 percentage point … Continue reading Reversal of the Health and Social Care Levy

Tax cuts planned for April 2023

Chancellor announces new Growth Plan with biggest package of tax cuts in generations The government has announced that the planned 1% point cut to the Basic Rate is to be brought forward by 12 months to next April. *This proposal was withdrawn on Monday 17th October 2022. To allow people to keep more of their … Continue reading Tax cuts planned for April 2023

Payroll 2022-23: November changes to NICs

The following has been provided by the HMRC Software Developer Support Team (SDST):- Dear Developer, On 22 September the Government announced changes to National Insurance contributions (NICs) rates and the Health and Social Care Levy (HSCL). Please note that this update is subject to Parliamentary approval. Key measures the Government announcement impacting payroll software developers … Continue reading Payroll 2022-23: November changes to NICs

3rd National Insurance change confirmed for 6th November 2022

The 1.25 percentage point rise in National Insurance will be reversed from 6th November 2022, the Chancellor Kwasi Kwarteng has announced 22nd September 2022 April’s National Insurance increase to be reversed from November 2022 - delivering one key Prime minister pledge to cut tax burden and promote economic growth Health and Social Care Levy will … Continue reading 3rd National Insurance change confirmed for 6th November 2022

HM Treasury confirm Friday 23rd September 2022 for the mini budget

Subject to the agreement of the House of Commons, On Friday 23rd September, Chancellor Kwai Kwarteng will unveil the Growth Plan to Parliament. PAYadvice.UK 21/9/2022

Who is Kwasi Kwarteng?

Chancellor of the Exchequer - The Rt Hon Kwasi Kwarteng MP It is increasingly looking as if the government will hold a mini emergency budget later this week probably on Friday 23rd September before the parliamentary recess. This will be there first for the Liz Truss government and the first for the new Chancellor. What … Continue reading Who is Kwasi Kwarteng?

Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral

The government has confirmed that payments of benefits normally due in accounts on Monday 19th September 2022 will be made early. Those expecting to receive benefits and credits on Monday 19th September 2022 will be paid early Benefits and credits will be paid on Friday 16th September 2022, the last working day before the recently … Continue reading Benefits and credits to be paid early ahead of Her Majesty Queen Elizabeth II’s State Funeral

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 a large number of queries relating to Approved Mileage Allowance Payments (AMAPs), which may be paid to employees free of tax and NI for any business miles travel they do in their own vehicle (not … Continue reading Approved Mileage Allowance Payments error

Directors of a tax avoidance promoters named for the first time

HMRC uses new powers to publicly name the directors of tax avoidance promoting companies. Tax avoidance bosses have been named for the first time in the latest move to help protect the public. HM Revenue and Customs (HMRC) has used new powers to publicly name directors of tax avoidance promoting companies, with customers being warned … Continue reading Directors of a tax avoidance promoters named for the first time

London landmark tax avoidance scheme named

A tax avoidance promoter based in The Shard has been exposed by HM Revenue and Customs (HMRC) with users warned to withdraw or risk large tax bills. ContractorCare Ltd has been named by HMRC as a tax avoidance promoter, along with PAYEme Ltd, and Gateway Outsource Solutions Ltd. Customers of these business are being urged … Continue reading London landmark tax avoidance scheme named

Share your views about repayment agents

The government is keen to ensure that taxpayers pay the right amount of tax, and, where they are entitled to a refund, can access this easily. They are aware that some taxpayers face issues and feel misled when using agents that specialise in claiming tax refunds from HMRC. Repayment agents can provide a useful service … Continue reading Share your views about repayment agents

Organised Labour Fraud

As part of the August 2022 employer bulletin, HMRC has issued information on Organised Labour Fraud. Organised labour fraud is the collective name HMRC gives to three main frauds: labour fraud in constructionmini-umbrella company fraudpayroll company fraud It’s ‘organised’ because it is orchestrated and conducted by organised crime groups. It’s ‘labour fraud’ because it always … Continue reading Organised Labour Fraud

Using the correct employee addresses — new starters

As part of the August 2022 employer bulletin, HMRC have emphasised the need for employers to notify the correct employee address on the first Full Payment Submission (FPS). Failure may result in an individual not being correctly identified, duplication, application by HMRC of a Temporary Reference Number (TRN) and the individuals record being placed into … Continue reading Using the correct employee addresses — new starters

PAYE new variable payment plan

From 19th September 2022, in response to feedback, employers’ with PAYE will be able to setup and take advantage of a new variable Direct Debit payment plan being introduced by HMRC. The service can be accessed through Pay employers’ PAYE or directly through the business tax account and the employers PAYE service. There will be … Continue reading PAYE new variable payment plan

August 2022 HMRC Employer Bulletin

HMRC have published their August 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE PAYE Settlement Agreements — introducing new digital version of the PSA1 Form Payment deadline and calculation reminder Employers PAYE — introduction of variable payment plan First Full Payment Submission for new starters: the importance of using the … Continue reading August 2022 HMRC Employer Bulletin

More tax avoidance schemes named

Countrywide Partners Limited has been named as a promoter of a tax avoidance scheme by HMRC. If you have been paid by them via this scheme where a part of your salary was in the form of a loan, please get in touch with HMRC now! Scheme users entered into an employment contract with Countrywide … Continue reading More tax avoidance schemes named

Tax avoidance promoter fined £1 million

A tax avoidance scheme promoter has been hit with a £1 million fine after a legal challenge by HM Revenue and Customs (HMRC). Hyrax Resourcing Ltd was handed the almost-maximum allowed fine by the First Tier Tribunal for failing to disclose an avoidance scheme to HMRC as legally required. Hyrax promoted a disguised remuneration scheme … Continue reading Tax avoidance promoter fined £1 million

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: PAYE Settlement Agreement (PSA1) HMRC is encouraging all employers to take up the new reporting method as the … Continue reading PAYE Settlement Agreements (PSA) — new PSA1

Improving the data HMRC collects – consultation

The government have launched a consultation to improve data in relation to employment and self employment. The consultation Proposes a number of options for improving the range of data HM Revenue and Customs (HMRC) collects, uses and responsibly and safely shares across government. They want to ensure that the data held gives an accurate and … Continue reading Improving the data HMRC collects – consultation

Gender recognition application modernised

The Government committed to modernising the application process in response to the public consultation on the Gender Recognition Act, where respondents highlighted how burdensome and unaffordable the existing procedure was. Last year, Minister for Women and Equalities, Liz Truss, announced the first step of this process by reducing the fee for applying for a Gender Recognition … Continue reading Gender recognition application modernised

Consultation launched to tackle tax rebate reprobates

We have all seen them, constant advertising to claim marriage tax allowance rebates, or tax reliefs for working from home. Some almost convince that they are promoted by or are associated with HM Revenue and Customs, when the reality is that they neither approved nor partners of HMRC. ‘Which’, the consumer organisation, refer to some … Continue reading Consultation launched to tackle tax rebate reprobates

NI change 6th July 2022 – are you ready?

Increase in National Insurance thresholds On 23rd March 2022 in the Spring Statement 2022, the UK government announced an increase in National Insurance primary thresholds affecting the 2022 to 2023 tax year. HMRC are reminding employers that the primary threshold changes take effect from 6th July 2022, resulting in employees paying National Insurance contributions on … Continue reading NI change 6th July 2022 – are you ready?

June 2022 HMRC Employer Bulletin

HMRC have published their June 2022 edition of the employers bulletin. It covers a multitude of topics. A primary focus is on the National Insurance changes which come into force from 6th July 2022. Topics covered include: PAYE Changes to our webchat service Increase in National Insurance thresholds Basic PAYE Tools — additional in-year release … Continue reading June 2022 HMRC Employer Bulletin

HMRC urges customers to leave tax avoidance scheme promoted by London-based firm

HMRC names Peak PAYE Ltd as a tax avoidance promoter and urges individuals to withdraw from using it. This tax avoidance scheme has been exposed by HM Revenue and Customs (HMRC) on 8th June 2022, to help ensure customers do not end up with large tax bills. Individuals using a tax avoidance scheme provided by … Continue reading HMRC urges customers to leave tax avoidance scheme promoted by London-based firm

HMRC wins disguised remuneration tax avoidance case

The Court of Appeal has found in favour of HMRC that Mr Hoey was liable to pay the tax in his income in ‘Stephen Hoey and others v HMRC’ (13th May 2022). HMRC welcomed the Court of Appeal decision, which confirms that this kind of tax avoidance scheme does not work. Tax avoidance deprives the … Continue reading HMRC wins disguised remuneration tax avoidance case

HMRC instructs agents they can stop using late P45’s

In the HMRC agent update 96 published 19th May 2022, revised guidance has been issued in relation to the late receipt of P45s from employees that are too late to be applied to the first payment. Often employees mislay or employers have not yet issued the P45 to their leaving employee. Equally employees may not … Continue reading HMRC instructs agents they can stop using late P45’s

HMRC to revoke Moscow Stock Exchange’s status

HM Revenue and Customs (HMRC), has today announced its intention to revoke the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange. Investors will not be able to access UK tax benefits when trading securities on MOEX, although existing investments will be protected. The move comes alongside the unprecedented sanctions the UK Government has … Continue reading HMRC to revoke Moscow Stock Exchange’s status

COVID-19 Easements end

As part of the April 2022 Employer Bulletin, HMRC have confirmed detail around the ending of certain ‘easements’ related to special measures during COVID-19. Easement ends for employee home-office expenses Existing rules prior to the coronavirus (COVID-19) pandemic provided Income Tax and National Insurance contributions exemptions, where employers provide employees with equipment to allow them … Continue reading COVID-19 Easements end

Home and Hybrid working – a taxing situation

Working from home: claiming tax relief from April 2022 As part of emergency COVID-19 restrictions, Government instructions to work from home where possible, including the legal requirement to self-isolate if you or a close contact tested positive for coronavirus, meant that in tax years 2020 to 2021 and 2021 to 2022 millions of people across … Continue reading Home and Hybrid working – a taxing situation

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 that may affect them. In April 2032edition of the Employer Bulletin there are important updates and information on: PAYE PAYE Settlement Agreements deadline Electronic payment deadline falls on a weekend Classification of company cars or … Continue reading April 2022 HMRC Employer Bulletin

Check what financial help you can get from HMRC

HM Revenue and Customs claim to want to make it as easy as possible for individuals and their family to claim any benefits, credits and allowances that they might be entitled to. They have pulled together a list of all support they can offer. Check what financial help you can get from HMRC Find out … Continue reading Check what financial help you can get from HMRC

Measures announced to ensure that all UK ferry operators pay the national minimum wage and ferries are seaworthy.

new powers mandating ferries operating in and out of the UK pay national minimum wage‘minimum wage corridors’ to be explored with like-minded countries to ensure workers are paid an agreed minimum wageTransport Secretary calls on Insolvency Service to disqualify P&O Ferries Chief Executive The UK government announced a suite of new measures on 30th March … Continue reading Measures announced to ensure that all UK ferry operators pay the national minimum wage and ferries are seaworthy.

Help with Easter childcare costs

Working parents can get up to £2,000 a year to pay for regulated childcare, including holiday clubs and out-of-school activities in the Easter holidays. HM Revenue and Customs (HMRC) is reminding working parents in the UK to not miss out on the opportunity to get up to £2,000 a year to pay for regulated childcare, … Continue reading Help with Easter childcare costs

Income tax drop to 19% in 2024 brought forward to 2023 and then cancelled

As part of the Spring Statement 2022 announcement, the Chancellor, Rishi Sunak, announced that in 2024 when the rate of inflation is predicted to be back in control, the basic rate of income tax will be cut to 19%, which is expected to benefit over 30 million people. This will be the first cut in … Continue reading Income tax drop to 19% in 2024 brought forward to 2023 and then cancelled

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 support the UK economy, businesses and families in both the short and the medium term. Key measures the Chancellor announced as part of the plan include: •an increase to the National Insurance Primary Threshold for … Continue reading Spring Statement 2022

Payroll surprise in spring statement

As part of the Spring Statement 2022 given on Wednesday 23rd March 2022, the government announced a change to National Insurance calculations which are to be applicable from Monday 6th July 2022. Increase is Primary Threshold The chancellor has announced an increase in the Class 1 National Insurance Primary Threshold from £9,880 to £12,570, the … Continue reading Payroll surprise in spring statement

April 2022 – New Tax Year resources

PAYadvice endeavours to keep you as up to date as possible with the latest and developing changes impacting payroll and HR. The latest version 22.9 includes the announcements made at the spring statement 2022 which took place on 23rd March 2022.: The increase to primary threshold from 6th July 2022The increase to the Employment Allowance … Continue reading April 2022 – New Tax Year resources

COVID tax easement for those affected by travel restrictions ending

In 2020 HMRC introduced guidance indicating that non-UK resident employees stranded in the UK because of coronavirus travel restrictions would not be taxed on earnings for duties performed in the UK after their planned departure date, provided they were taxed in their home nation. EIM77045 - Appendix 5: COVID-19 considerations for non-residents and non-domiciled employees … Continue reading COVID tax easement for those affected by travel restrictions ending

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 and issues that may affect them. In the February 2022 edition there are important updates and information on: PAYE Basic PAYE Tools ― new release Changes to our Employer Helpline processes Health and Social Care … Continue reading February 2022 HMRC Employer Bulletin

100,000 spread their Self Assessment tax bill

Almost 100,000 Self Assessment filers have used online payment plans to spread the cost of their tax bill into manageable monthly instalments since April 2021, HM Revenue and Customs (HMRC) has revealed. Once a customer has filed their 2020 to 2021 Self Assessment tax return, they can set up a Time to Pay arrangement for up to … Continue reading 100,000 spread their Self Assessment tax bill

HMRC late payment interest rates to be revised

The Bank of England Monetary Policy Committee voted on 2nd February 2022 to increase the Bank of England base rate to 0.50% from 0.25%. The HMRC interest rates are linked to the Bank of England base rate. As a consequence the HMRC interest rates for the late payment will increase. The change comes into effect … Continue reading HMRC late payment interest rates to be revised

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 2022. P9X Tax codes to use from 6 April 2022 Use P9X to find out which PAYE tax codes to change, how to change them and which codes to carry forward ready for the new … Continue reading HMRC issue new guidance to operate from 6th April 2022

Over 10.2 million filed their Self Assessment by 31st January 2022

HM Revenue and Customs (HMRC) has confirmed that more than 10.2 million customers filed their 2020 to 2021 tax returns by the 31st January 2022 deadline. More than 630,000 filed on deadline day and the peak hour for filing was 16:00 to 16:59 when 52,475 completed their Self Assessment. There were 20,947 who completed their … Continue reading Over 10.2 million filed their Self Assessment by 31st January 2022

Reported HMRC scam calls drop 97%

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, latest HM Revenue and Customs (HMRC) figures show, which display a downward trend in reports overall throughout the past year. Reports of scammers impersonating HMRC in phone calls peaked at 79,477 in March 2021 and fell to just 2,491 in December 2021. … Continue reading Reported HMRC scam calls drop 97%

Statutory Sick Pay Rebate (SSPR) service opens

HM Revenue and Customs have written to employers and agents to let them know that the Statutory Sick Pay Rebate (SSPR) service is now open from Wednesday 19th January 2022. Employers could be eligible for support if they employed fewer than 250 employees on 30th November 2021, and they’ve paid Statutory Sick Pay (SSP) to … Continue reading Statutory Sick Pay Rebate (SSPR) service opens

HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if they need it, to complete their 2020 to 2021 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, … Continue reading HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

HMRC fraud squad takes back £1 billion from offenders

More than £1 billion has been recovered from the proceeds of crime and tax offenders since the formation of a specialist HM Revenue and Customs (HMRC) fraud squad five years ago.  Launched in April 2016, the department’s Fraud Investigation Service (FIS) has now recovered assets equivalent to funding around 20,000 NHS nurses for an entire … Continue reading HMRC fraud squad takes back £1 billion from offenders

2,828 ’elf Assessments filed on Christmas Day

More than 31,000 Self Assessments submissions for the 2020 to 2021 tax year over the festive period. HM Revenue and Customs (HMRC) has revealed that 2,828 taxpayers filed their Self Assessment tax return on Christmas Day, compared to 2,700 in 2020. For thousands, filing their tax return on 25 December has become part of their … Continue reading 2,828 ’elf Assessments filed on Christmas Day

Trusted and modern: HMRC’s vision for the future

The Rt Hon Lucy Frazer QC MP Location: HMRC’s Regional Centre in Stratford.Delivered on: 6th December 2021 (Transcript of the speech, exactly as it was delivered) Good morning to everybody, both those who are here in person, and those who are online. Jim, thank you very much for inviting me today. I am really delighted … Continue reading Trusted and modern: HMRC’s vision for the future

HMRC to name tax avoidance promoters

Naming tax avoidance promoters As part of the approach to support taxpayers to steer clear, or move out, of tax avoidance HMRC plans to publish details of those involved in the supply of mass-marketed tax avoidance schemes and details of the schemes they are selling. This will enable taxpayers to spot avoidance schemes more easily … Continue reading HMRC to name tax avoidance promoters

HMRC late payment interest rates to increase

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 0.25%. The Bank of England Monetary Policy Committee voted on 16th December 2021 to increase the base rate to 0.25% from 0.1%. As a consequence, the HMRC interest rates (which are linked) for late payments will increase. … Continue reading HMRC late payment interest rates to increase

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 Bulletin there are important updates and information on the following: PAYE Health and Social Care – National Insurance contribution increaseNational Insurance holiday for employers of veteransReporting benefits and expenses in real-timeEmployers using Category M National … Continue reading HMRC December 2021 Employer Bulletin

Steps to modernise and simplify UK tax system

As part of Tax Administration and Maintenance Day the government has set out more detail on work to deliver a modern, simple and effective tax system - to help taxpayers get their tax right the first time. The announcements follow the commitment the Chancellor made at Autumn Budget and Spending Review 2021 - for there … Continue reading Steps to modernise and simplify UK tax system

Check on illegal working practices in the security industry

The Security Industry Authority (SIA) and HMRC have carried out joint operations in London, Bradford and Glasgow last week to ensure that security staff were employed legitimately and treated fairly. Teams attended a number of venues and spoke to security operatives to check the correct taxes were being paid and to ensure they were not … Continue reading Check on illegal working practices in the security industry

Tax Administration and Maintenance Day – 30th November 2021

A Tax Administration and Maintenance day (TAMD) will take place on 30th November 2021.Consultations for announcements made at Autumn Budget and Spending Review 2021, summaries of responses to recently closed consultations and technical information notices will be among documents published)None of the announcements will require legislation in the Finance Bill. A number of documents will … Continue reading Tax Administration and Maintenance Day – 30th November 2021

Software Developers HMRC NI Guidance 2022/2023 EB5 (updated to reflect the Spring Statement 2022)

The HMRC Software Support Team (SDST) have issued the National Insurance Contributions guidance for software developers. 6th April 2022 - 5th July 2022 Originally issued in January 2022 and intended to be applicable for the full tax year, NI plans changed by announcement at the governments Spring Statement 2022. This first version now relates to … Continue reading Software Developers HMRC NI Guidance 2022/2023 EB5 (updated to reflect the Spring Statement 2022)

Just some extra cash!

HM Revenue and Customs (HMRC) are reminding individuals that obtaining additional income from various sources may need to be declared and subject to Income Tax. This is 'casual income' and you might need to pay tax on it. This may include money someone earns from things like: selling things, for example at car boot sales … Continue reading Just some extra cash!

Time or running out for claimants with post office card accounts

Around 24,000 HMRC claimants with a Post Office card account have just three weeks left to update with new payment details before the 30th November 2021 deadline, or risk having payments paused. From 1st December 2021, HMRC will stop making tax credits, Child Benefit and Guardian’s Allowance payments to Post Office card accounts. HMRC is … Continue reading Time or running out for claimants with post office card accounts

Legislation update 2022 for payroll

Following the successful Legislation update 2021 for payroll by PAYadvice.UK with 19,500 hits and downloads since its launch at the beginning of 2021, following the UK budget on 27th October trigger and confirming a number of payroll changes for April 2022, along with announcement by States of Guernsey and States of Jersey - PAYadvice.UK have … Continue reading Legislation update 2022 for payroll

Furlough numbers for September at record low

The number of people on furlough fell to a record low during its September 2021 last month of operation. Figures show 210,000 employees came off the scheme in September – and around half of the 1.1 million people supported were on flexible furlough working some of their usual hours. Insolvency Service data also showed redundancy … Continue reading Furlough numbers for September at record low

Agent view of Employer liabilities and payment for PAYE

The HMRC customer engagement team have provided the following in relation to payroll agents access to client information. Update on Agent view of employer liabilities and payments Rollout plan We are pleased to report that from Monday 1st November agents with up to 7,500 clients can now opt in to see employer liabilities and payments. What … Continue reading Agent view of Employer liabilities and payment for PAYE

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 expenses tax system to respond quickly to the pandemic. The government has had to introduce primary and secondary legislation with temporary effect to respond to the pandemic, to exempt a number of benefits in kind, … Continue reading Powers to make temporary modifications to employment taxation

Action – final Job Retention Scheme claims

HMRC are contacting employers with the latest information about the closure of the Coronavirus Job Retention Scheme (CJRS). The Coronavirus Job Retention Scheme The CJRS closed on 30th ‌‌September 2021 and the final deadline for claims was 14‌‌th October 2021. What you need to do now: if claims for September need to be amended, this … Continue reading Action – final Job Retention Scheme claims

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 and benefits are that employers will no longer need to submit multiple P11Ds, and employees will be more likely to pay the correct tax due on their benefits during the tax year. Employers still need … Continue reading Start preparing now for Payrolling benefits 2022/2023

Paying early for Christmas?

Reporting PAYE information in real time when payments are made early at Christmas As part of the employer bulletin, HMRC are reminding employers of the permanent easement on reporting PAYE-information in real time which has been in place since 2019. Some employers pay employees early for the Christmas period. This can be for a number … Continue reading Paying early for Christmas?

HMRC Agent Update 89 has been published (October 2021)

Dear PAYadvice.UK, Agent Update: issue 89 is now available and contains the latest guidance and information for tax agents and advisers. This edition of Agent Update includes: •Coronavirus Job Retention Scheme •declaring coronavirus support schemes overpayments on company tax returns •Health and Social Care Levy •employers liabilities and payments for PAYE •updates to HMRC appeals processes. … Continue reading HMRC Agent Update 89 has been published (October 2021)

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 Bulletin there are updates and information on the following: PAYE Tax changes for health and social care Business Tax Account and Pay As You Earn (PAYE) for employers Reporting PAYE information in real time when … Continue reading HMRC October 2021 Employer Bulletin