News
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HMRC defends confusing P35 reminder letters
The letters have been introduced following a review by the Revenue into the unfair practice of letting P35 late penalties build up before issuing them, reported in _Payroll World_ "here(here)":www.payrollworld.com/article/13704/magazine/hmrc-reviews-unfair-practice-of-letting-p35-late-penalties-build-up-before-issuing-them: However they are sent out to everyone, even where a P35 has already been filed online.
Wed, 16 May 2012 • Read more
Revenue says it has improved its post handling and contact centres
The project, unofficially known as the ‘Clasper initiative’, was set up last September by HMRC's chairman Mike Clasper in response to government recommendations.: The Treasury select committee said that HMRC should work closely with the professional bodies, tax charities and businesses to improve the end-to-end experience of dealing with it.
Tue, 15 May 2012 • Read more
State pension reform tops Queen's speech
In the speech, which outlines the government’s legislative plans, the Queen said: “Legislation will be introduced to reform public service pensions in line with the recommendations of the independent commission on public service pensions.": Currently the full state pension is £107.45 a week and can be increased up to £137.35 with pension credit.
Wed, 9 May 2012 • Read more
Additional 310 employers join RTI pilot
HMRC says more than 100,000 employee records have been successfully received since ten volunteer employers joined the RTI pilot on 11 April. The additional employers will join the pilot between 8 May and the end of June. : Stephen Banyard, acting director general for personal tax, said: “It’s early days, but all the signs are good. RTI is on track - all expected PAYE submissions have been received from the ten pilot employers and processed.
Wed, 9 May 2012 • Read more
A quarter of PAYE tax codes could be wrong
The accountancy firm looked at hundreds of the latest batch of PAYE codes sent to UHY clients to determine the exact number requiring some form of adjustment. : Around 25% of codes reviewed from a random sample would have resulted in the taxpayer paying too much, or in some cases too little, tax. In many cases the amount of tax in error was thousands of pounds.
Tue, 8 May 2012 • Read more
Auto-enrolment: Employers must not ask about pension during interviews
Allen & Overy senior professional support lawyer Helen Powell told Professional Pensions that many employers are unaware of peripheral auto-enrolment duties that come into force for everyone in July.: She said: “There are factors that an employer cannot ask about at interview like health or pregnancy. ‘Pension’ is something else on that list.
Thu, 3 May 2012 • Read more
Queen’s Jubilee adds extra Bacs processing days
Bacs says that you can submit your file up to 30 calendar days in advance of the processing date. If you cannot submit in advance Bacs recommends early submission on the input day, from 0700 onwards.: The table below shows the effect the Queen's Jubilee has on processing dates:
Thu, 3 May 2012 • Read more
Payroll salary survey launched
Payroll World in association with Chase Moulande has carried out an exclusive salary survey for the payroll professional. We have some very interesting findings.: *Order the detailed report today to:*
Thu, 3 May 2012 • Read more
Payroll World launches The Payroll Club
It offers members a whole host of handy payroll benefits for only £899 including:: · One pass for either the Spring or Autumn PW conference (worth £399)
Thu, 3 May 2012 • Read more
Specsavers joins RTI pilot next week: ‘we don’t foresee any problems’
The company says it has been preparing for the reform since autumn last year by raising awareness among its payroll team of the practical implications of PAYE reform.: “It was very clear early on from HMRC that to cleanse our data was one of the most important things for us to be doing in advance,” said Jacquie Mancini, Specsavers employment services manager.
Wed, 2 May 2012 • Read more
Quarter of calls to Revenue go unanswered
Worryingly there are no guidelines in place for how long a caller should expect to wait before someone picks up.: In a written Parliamentary statement Exchequer Secretary David Gauke said: "HMRC uses a variety of measures to assess the accessibility of telephone services, which include the percentage of call attempts handled by its contact centres.
Tue, 1 May 2012 • Read more
HMRC chairman who was supposed to represent ordinary taxpayers steps down
Clasper, who the Revenue claimed worked for consumer group Which? and thereby represented ordinary taxpayers, was in fact chairman of the company’s commercial arm Which? Limited that does not handle consumer campaigns.: Clasper steps down as HMRC is still reeling from harsh criticisms of its top brass by the Public Accounts Committee (PAC) chaired by Margaret Hodge.
Mon, 30 Apr 2012 • Read more
Small debts collected through PAYE
Initially the Revenue will use the method to collect Self Assessment (SA) debt and Tax Credit (TC) overpayments to the value of £2999.99.: The Revenue was already able to collect debts using this method with taxpayer agreement, but the new power makes it mandatory to repay in this way.
Mon, 30 Apr 2012 • Read more
Entire KPMG UK workforce not paid on time due to human error
Normally staff at the big four accountancy firm are paid on the 29th. If that falls on a weekend, as it does this month, they are paid the Friday before. : But a human error has led to 11,000 staff having to wait until Monday (30th April) to receive their wages.
Fri, 27 Apr 2012 • Read more
Win a Fortnum & Mason hamper by sharing your views
As a thank you, everyone who completes the confidential survey has a chance to win a Fortnum & Mason hamper worth £100.: "CLICK HERE TO TAKE THE SURVEY NOW(Click here to take the survey now)":www.surveymonkey.com/s/ZK5L3X5
Thu, 26 Apr 2012 • Read more
Employers can force workers to retire Supreme Court rules
The ruling confirms that, at least in principle, companies are able to set their own retirement age. : However, there are concerns that it does little to fill the legal vacuum left by the government’s scrapping of the Default Retirement Age.
Wed, 25 Apr 2012 • Read more
Salary sacrifice under-exploited for cars
Andrew Leech, managing director of Fleet Evolution, said salary sacrifice cars were a ‘win win’ for employee and employer but a study by the company found there were a number of reasons for the low take up of such schemes.: “Salary sacrifice is an essential part of the modern employers benefit package, used to fund everything from childcare vouchers to bicycles; however few companies are combining this extremely tax efficient funding method to one of the most desirable benefits, company cars,” he said.
Wed, 25 Apr 2012 • Read more
HMRC relaxes salary sacrifice rules prior to auto-enrolment
While opting out of a company pension is allowed, cancelling a salary sacrifice arrangement - unless due to a lifetime event - was not permitted. This meant an employee would not be entitled to a refund of the salary sacrificed despite the cessation of pension scheme contributions.: The relaxation of the rules means employees auto-enrolled via salary sacrifice will not be held to the arrangement if they subsequently opt out of a pension scheme.
Tue, 24 Apr 2012 • Read more
HMRC publishes RTI guidance
The page can be found "here(here)":www.hmrc.gov.uk/payerti/index.htm: It includes information on getting started with RTI , sending payroll information to HMRC, new starters, end of year and troubleshooting among other things.
Tue, 24 Apr 2012 • Read more
Third of employees see pensions as top benefit
MetLife Assurance Limited found pension provision is the top priority for defined benefit (DB) pension scheme members with more than half stating pension provision as the most important benefit compared to 39% of respondents participating in a defined contribution (DC) pension scheme. : Wayne Daniel, chief executive officer at MetLife Assurance, said: “The difference in attitudes to pensions between DB and DC pension scheme members illustrates the value that is placed on DB schemes by those individuals and the importance of maintaining those schemes for retention and recruitment purposes.”
Fri, 20 Apr 2012 • Read more
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