HMRC announcements for employers

The latest Employer Update issued by HMRC contains a number of pertinent articles which may be of interest to employers and employees:

Age Exception Certificates

HMRC will no longer issue age exception certificates to confirm that a person has reached State Pension age and therefore ceases to be liable to pay Class 1 NIC. HMRC advice is that employers will need sight of an employee’s birth certificate or passport as evidence of the person’s date of birth and retain a copy.

Automatic cancellation of PAYE schemes

From October 2013 if there has been no activity for a PAYE scheme, for example no RTI submissions, within 120 days of it being set up it will be automatically reviewed to see if it can be cancelled.

Employee shareholder status

HMRC is to offer employers the opportunity to apply for HMRC agreement (for tax purposes) to their share valuation which will hold for 60 days.

If you require any further information about the above, please contact us.

Let’s start a conversation 

    Subscribe me for updates and news from In Accountancy

    Related articles

    Advisory fuel rates from 1 December 2023
    Limited Companies

    Advisory fuel rates from 1 December 2023

    Advisory fuel rates are changing from quarter beginning 1 December 2023 for certain vehicles!

    The rate for electric cars has been reduced to 9p per mile and hybrid cars are treated as petrol or diesel for these purposes.  This reflects the slight decrease to electricity costs over recent months.

    Other changes can be found in the main table

    Read More »

    Find out how we can help?

    Lectus scelerisque a donec tincidunt litora per eleifend eget ut sagittis conubia pharetra scelerisque dui ultricies duis parturient auctor adipiscing.

     

    Let’s start a conversation 

      Subscribe me for updates and news from In Accountancy

      IN-ACCOUNTANCY

      Search