CIPP News is updated regularly with content from the CIPP's Policy and Research and Business Development teams.
PAYE CODE APPLIED TO CERTAIN SHARE BASED PAYMENTS
20 January 2012
Recently HMRC announced that the PAYE tax code applied to share-based payments made to individuals after they have ceased employment and which have not been included on form P45 must operate code 0T from 6 April 2012.
The draft regulatory amendments to the Income Tax (PAYE) Regulations 2003 required to implement this change have been published on the HMRC website (including a Technical Note).
These amending draft regulations are open for comment until 16 February 2012. All comments should be emailed to pa.harris@hmrc.gsi.gov.uk.
A Q&A document will also be available on the HMRC website in the week ending 29 January 2012, to assist with making comments on the draft regulatory changes. We will publish this document on the CIPP web pages when it becomes available.
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