HMRC stakeholder update - number 14
11 April 2014
HMRC has circulated their fourteenth weekly update for 2014 to stakeholders, which looks to provide informal highlights as a result of listening to employer feedback and working in partnership with stakeholders.
Real Time Information
1. Final 2013-14 submissions
Employers reporting PAYE information in real time don't need to send forms P35 and P14 at the end of this tax year. Instead, just send the real time PAYE submission as normal and answer a few extra questions. It is very easy to do. This step-by-step guide shows you how: Making your final submission for the 2013-14 tax year
HMRC has also produced:
- a flowchart: Making your final submission of the year flowchart
- a 3-step guide on YouTube: HMRC on YouTube to help employers with their final 2013-14 PAYE submission
Employers who need to make corrections to 2013-14 submissions should do so as follows:
2. Correcting Full Payment Submissions (FPS)
- Up to and including 19 April 2014 employers can continue to make corrections by sending a new 2013-14 FPS. Employers can send more than one FPS to make corrections up to that date, if needed. Employers can do this even if they have already made their final submission for 2013-14. For full guidance go to the Correcting payroll errors - current year webpage.
- After 19 April employers must make any corrections to a 2013 – 14 FPS on an Earlier Year Update (EYU). If further changes are needed, employers can correct an EYU by sending HMRC another EYU with the corrected information. For full guidance, go to the Correcting payroll errors – previous year webpage. Employers can send an EYU even if they haven’t made a final FPS submission.
3. Correcting Employer Payment Summaries (EPS)
Employers can make corrections to an Employer EPS by sending another EPS to report the correct total year-to-date figures for all recovered payments within that tax year. Employers have up to 6 years from when they sent in their original EPS to do this.
4. Electronic Message Updates – keeping employers up-to-date
HMRC is updating the Generic Notification Service messages for 2014 to 2015.
Percentage Threshold Scheme ends allowing for the introduction of the Health and Work Service
From 6 April 2014 employers can no longer claim for Statutory Sick Pay (SSP) paid under the Percentage Threshold Scheme (PTS) for the current tax year. Employers will have until the end of the 2015/16 tax year to claim PTS for any SSP paid before the end of the 2013/14 tax year.
Guidance can be found at GOV.UK
The funding released from the abolition of PTS will be reinvested into the new Health and Work Service, which will be introduced in late 2014.
Form P9X – Tax codes to use from 6 April 2014
If HMRC hasn’t sent you a tax code for an employee, employers should use the code on form P9X, along with the employee’s tax code from the previous tax year’s payroll record.
Reminder for employers operating Appendix 6 arrangements
From 6 April 2014, Appendix 6 employers should enter A - Notional payment: Payment to Expat by third party or overseas employer in the Late Reporting Reason field on full payment submissions to avoid warning letters.
Toolkits to help minimise common errors
HMRC has published the updated Expenses and Benefits from Employment Toolkit in addition to the National Insurance Contributions and Statutory Payments Toolkit. The purpose of the toolkits is to assist agents when completing their clients' returns and forms.
Employment Related Securities Bulletin
The fifteenth Employment-Related Securities Bulletin providing information and updates on developments relating to employment-related securities, including the tax-advantaged employee share schemes has been published.
Employment Related Securities – register, self certify and file online
From 6 April 2014 you must tell HMRC about your company share schemes and other employment-related securities arrangements using the new Employment Related Securities (ERS) online service. The updated guidance tells you how to do this.
NICs regulations in respect of various matters have been published
Regulations and associated Explanatory Memorandum have been published and came into effect on 6 April 2014. The subject matter includes penalties made under Section 56 to the Finance Act 2009, Extra Statutory Concession A4 and Real Time Information.
Registering as a new employer
If you employ someone - even if it's only yourself - you'll usually need to register as an employer with HM Revenue & Customs. Most new employers can register online. This guide explains who needs to register as an employer, what information you'll need with you when you register, when you need to register and how to do it.