Employer Bulletin: June 2022

22 June 2022

The Bulletin contains a wealth of information of interest to payroll professionals and the work that they carry out, and the CIPP recommends that it is read in its entirety.

Key items from the Bulletin are highlighted below, but the full version can be accessed here.

 

PAYE

  • Changes to our webchat service

  • Increase in National Insurance thresholds - HMRC has reminded employers that the threshold changes will take effect from 6 July 2022, meaning employees will pay National Insurance contributions on less of their income. The Primary threshold from 6 July 2022 to 5 April 2023 will be £242 per week and £1,048 per month, equivalent to £12,570 per year (increased from £9,880 per year)

  • Basic PAYE Tools — additional in-year release - an important update to the Basic PAYE Tools (BPT) will be released at the beginning of July 2022

  • Check you're using the right PAYE reference - The bulletin tells you where to find your 13-character Accounts Office reference, along with the characters that are required to allocate payments to the correct tax year and month

  • Reporting PAYE in real time - If a Full Payment Submission (FPS) is filed late but within three days of the payment date and there remains no pattern of persistent late filing, HMRC will continue not to charge penalties automatically. Employers are still required to file their submissions on time

  • Student and Postgraduate Loans should not be taken for workers who are subject to the off-payroll working rules

  • P11D and P11D(b) filing and payment deadlines - do not forget that you need to tell HMRC about any Class 1A National Insurance contributions that you owe for the tax year ending 5 April 2022 by 6 July 2022 at the latest. You also need to send us any P11D forms due by 6 July 2022. Failure to do so may result in a penalty.

 

Coronavirus (COVID-19) updates and information

  • Enterprise Management Incentive: COVID-19 easement ending

  • Save As You Earn: COVID-19 easement ending

  • Social Security coordination with the EU: COVID-19 easement ending.

 

Tax updates and changes to guidance

  • First Full Payment Submission for new starters: the importance of using the correct employee addresses

  • Updated guidance on how tips, gratuities and service charges are taxed

  • Sign up now for Making Tax Digital for VAT

  • Election for a separate PAYE scheme: Form P350

  • Multi-factor authentication used on business tax account.

  

General information and customer support

  • Employers: make sure your contact details are up to date for The Pensions Regulator

  • Helping you get it right — claiming tax relief on work expenses

  • Tax Free Childcare: help for your employees

  • HMRC’s support for customers who need extra help

  • HTML format of Employer Bulletin

  • Getting more information and sending feedback.


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. 

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