Sandy Adirondack’s Legal Update catches up with the tax, NI and other payroll changes which came in from April. This includes:
Scottish rate of income tax, in effect from 6 April, for individuals whose sole or main residence is in Scotland.
Tax and national insurance on expenses and benefits in kind see significant changes: abolition of the £8,500 threshold, a new statutory exemption for trivial benefits, exemption for qualifying expenses and benefits, and payrolling of expenses and benefits in kind. » Continue reading news item ... “Payroll update for April 2016”
Accountants Sayer Vincent’s September newsletter (http://www.sayervincent.co.uk/publications/newsletters) points out that HM Revenue and Customs are tightening up on their requirements for RTI (real time information) returns of PAYE. Late filing after 5th October this year, even of a nil return, will attract a penalty, and from April 2015 these penalties will be automated and sent out quarterly.
HMRC information at http://www.hmrc.gov.uk/payerti/reporting/late-reporting.htm.
Helpful updates from Sandy Adirondack on the PAYE ‘real time’ changes, the end of PAYE exemption rule for students, increases in statutory maternity and sick pay, and reminder about abolition of tax reliefs on luncheon vouchers and cycle to work breakfasts.
Start at her note on HMRC online resources and scroll down to the others, http://www.sandy-a.co.uk/employment.htm#paye-resources.