14 August 2024
The August 2024 Employer Bulletin has been released by HM Revenue and Customs (HMRC) and it includes a range of different topics that payroll professionals should be aware of.
A key area of note is a subsection titled “Common mistakes when completing a P11D or P11D(b)” within the P11D section and a reminder that the electronic payment deadline in September fall son a weekend.
The Bulletin in full covers:
PAYE
- employer liabilities and payments viewer — ‘Earlier Year Update’ becomes ‘end of tax year adjustment’
- electronic payment deadline falls on a weekend
- student and postgraduate loans
- P11D and P11D(b) for tax year 2023 to 2024
- tax calculation repayments for PAYE customers
Tax updates and changes to guidance
- supporting employees with changes to the High Income Child Benefit Charge
- expanding the cash basis
- basis period reform — reporting on a tax year basis
General information and customer support
- pensions for seasonal temporary staff
- employer registrations — check when you can expect a reply from HMRC
- getting your new employees on the right pay
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.