HMRC’s performance during a unique year

PSP (c)2019 HMRC have issued the following news story (13th July 2021) relating to the departments performance. “Published 13 July 2021 Today we have published HMRC’s quarter 4 performance update for 2020 to 2021 and our regular monthly customer service and complaints update covering March 2021. These figures are subject to change until the final … Continue reading HMRC’s performance during a unique year

Tax refund company complaints increase

The Low Incomes Tax Reform Group (LITRG) is concerned that some people who have used a tax refund company to get a PPI (payment protection insurance) or working from home tax refund are now discovering that unconnected tax refunds are also going to the refund company, with further fees being deducted. Deed of assignment! People … Continue reading Tax refund company complaints increase

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 Bulletin there are updates and information on the following: Coronavirus (COVID-19) updates and information Coronavirus: how HMRC will continue to support customers and the economyClaim working from home tax reliefContinued support for businesses: Statutory Sick … Continue reading HMRC June 2021 Employer Bulletin

The Financial Secretary to the Treasury, Jesse Norman, reflects on the achievements of the past year and highlights the priorities for the future of the tax system.

The Rt Hon Jesse Norman MP, Financial Secretary to the Treasury, spoke at the annual HMRC stakeholder conference on Wednesday 21st April 2021. Published 26th April 2021. Thank you everyone for coming along and joining us today. My name is Jesse Norman, I’m the Financial Secretary to the Treasury and I’m responsible for tax policy … Continue reading The Financial Secretary to the Treasury, Jesse Norman, reflects on the achievements of the past year and highlights the priorities for the future of the tax system.

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. This will give time to check software capabilities and also inform employees before the start of the 2022 to 2023 tax year. Payrolling is considered to be quicker easier and more real time. It’s also … 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 Bulletin there are updates and information on COVID-19 updates and information:Coronavirus Job Retention SchemeVAT deferral new payment schemeNew one-off payment of £500 to support working households receiving tax creditsExtension of filing dates for internationally mobile … Continue reading HMRC April 2021 Employer Bulletin

Tax year 2021/2022 tax tables published

For those who like to use the tax tables for the occasional manual calculation or problem checking and resolution, the HMRC have published new 2021/2022 tax tables applicable for payments commencing from 6th April 2021. These provide the monthly and weekly calculation tables for the whole of the United Kingdom including the variations for Scotland … Continue reading Tax year 2021/2022 tax tables published

Government strengthens tax policymaking with over 30 updates, consultations and documents published

The government has published 23rd March 2021 a series of tax documents and consultations in a move to strengthen policymaking and help create a more trusted, simple and modern tax system. government publishes more than 30 tax updates, consultations and documents to strengthen policymaking and modernise UK tax systemlarge number of the announcements form a … Continue reading Government strengthens tax policymaking with over 30 updates, consultations and documents published

Budget 2021 – Income tax and National Insurance contributions

The government will maintain the income tax Personal Allowance and higher rate threshold and National Insurance contributions Upper Earnings Limit and Upper Profits Limit at their 2021-2022 levels up to and including 2025-2026. HM Treasury have issued the following in relation to announcements at budget 2021: As announced at Spending Review 2020, the government will … Continue reading Budget 2021 – Income tax and National Insurance contributions

Budget 2021 – new Personal tax allowance and higher threshold frozen until April 2026

Already announced tax changes to go ahead on 6th April 2021, but to be frozen until April 2026. PAYadvice.UK Legislation Update 2021 PAYadvice.UK has issued the Legislation Update 2021 including the 6th April 2021 confirmed income tax values. This document is a compilation of the changes due for 2021 for the UK, Channel Islands and … Continue reading Budget 2021 – new Personal tax allowance and higher threshold frozen until April 2026

2021/2022 New Starter Checklists available

GOV.UK have published the new adjusted HMRC ‘New Starter Checklist’. Some years ago these were referenced as P46. These have been adjusted to combine the student loan and postgraduate loans information requests into two questions 9 and 10, and incorporate the new Scottish Student Loan Plan 4 which commences collection from pay from 6th April … Continue reading 2021/2022 New Starter Checklists available

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 and NICs on expenses and benefits. CWG2 further guide to PAYE and National Insurance HMRC have issued the updated CWG2 for the 2021/2022 tax year (for the tax year which commences from 6th April 2021). … Continue reading HMRC issue the 2021/2022 further guidance

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 professionals in obtaining vital information and guidance. There are a plethora of important topics: Coronavirus Job Retention SchemeVAT deferral new payment scheme – opt-in from the end of February 2021VAT reverse charge for construction and … Continue reading February 2021 Employer Bulletin published

HMRC annual issue of P9 tax codes commences

HMRC have confirmed that electronic outputs of P9 tax codes to be applied for contractual payments dates from 6th April 2021, will be issued to employers or their electronic exchange agents who have their PAYE scheme set to ‘Yes’ for P9 bulk issue starting now and through until 19th February 2021. For employers where the … Continue reading HMRC annual issue of P9 tax codes commences

P9X Tax Codes to use from 6th April 2021

HMRC have published (Tuesday 2nd February 2021) form P9X to be operated by employers from 6th April 2021. Employers use the P9X to find out which PAYE tax codes to change, how to change them and which codes to carry forward ready for a new tax year on 6th April. P9X(2021) Information on the payroll … Continue reading P9X Tax Codes to use from 6th April 2021