HMRC Payments 2017-18

You may have recently received this generic letter from HMRC about payment periods. When you pay your PAYE deductions electronically, it’s important that you use your accounts office reference with no spaces between the characters. If you don’t, there may be a delay in updating your record to show that HMRC have received your payment. If you pay between the dates shown in column 3 for the period ended shown in column 1 then you don’t need to add anything to the 13-character accounts office reference. If you pay earlier or later than the dates shown, you may need to add the relevant four numbers from column 4 to the… Read More

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Auto Enrolment – Penalties for non-compliance

Latest stats from The Pensions Regulator – compliance and enforcement The Pensions Regulator’s recent quarterly report on compliance and enforcement highlights key facts about employers meeting their duties. More than 90% of the first 12,000 small and micro employers to reach their staging date complied with their auto enrolment duties within the required deadlines 1,594 employers were issued with a payment notice of £400 for failing to comply with employer duties between July 2012 and December 2015 31 employers received an escalating payment notice of between £50 and £10,000 per day for failure to comply with a statutory notice

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Nanny – more than one job?

If your employee has more than one job, you will have to consider first if you are to register as an individual employer (two employers) or as one employer, sharing the costs proportionally, as this will affect how NIC is to be calculated. The data you must FIRST review from HMRC is here and also here If NIC has to be aggregrated from both employments, we will only set the scheme up as ONE employer with both parties sharing the payments to both employee and HMRC proportionally. If the employment has no connection i.e. there are NO days or shared time when all of the children are cared for together… Read More

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Nanny Shares & Tax

Employers that previously operated a NET salary agreement with an adjusted calculation for the processing of an employee with more than one job, will have to provide only GROSS salary values to be used for payroll, or accept the current tax codes in force by HMRC. This will mean that NET to GROSS calculation adjustments will no longer be accepted, where employers remain using either full tax code or BR tax codes in their respective employments. The employee can request HMRC to either apportion the tax code between the employers by calling HMRC on 0300 200 3300 or to agree a gross salary from the offset. It is important for… Read More

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