HMRC Employer Bulletin: February 2018

15 February 2018

The latest Employer Bulletin is now available; a bi-monthly publication which provides employers and agents with the latest information on payroll topics.

This newsletter from HMRC is always worth reading thoroughly as it is easy to miss something which may affect a new process or legislative change.

Simplifying PAYE Settlement Agreements - Amongst many other things, the bulletin highlights that P626s will be delayed for the tax year 2018 to 2019 until April 2018 to allow for the outcome of the consultation Simplifying PAYE Settlement Agreementsto be considered. This closes 21 February – any comments can be sent to use at policy and we will submit them to HMRC on your behalf.

Termination payments - There are new rules to become familiar with for termination payments made on, or after 6 April 2018. This includes a new term ‘post-employment notice pay’ (PENP) represents the amount of basic pay the employee will not receive because their employment was terminated without full, or proper notice being given and is taxable as general earnings from 6 April (subject to parliamentary approval).

The Employer Bulletin: February 2018 is a bumper edition with articles on:

  • End of year reporting
  • Basic PAYE Tools – New Release
  • P9 Notice of Coding
  • PAYE – further improvements to Dynamic Coding
  • Employer overpayments
  • Off-payroll Rules (Public Sector): Fee payer responsibilities
  • Scottish Income Tax changes
  • Tax-Free Childcare opens to parents of under 12s
  • Are you making full use of the Apprenticeship Levy?
  • Get ready for the increase in the National Minimum and National Living Wage on 1 April
  • Student Loans
  • Workplace charging of electric and plug-in hybrids (not company cars or vans)
  • Soft Drinks Industry Levy
  • Repayments by Bacs, straight into your bank account
  • Paying HMRC – Switch to Electronic
  • Reporting Car Data: for employers who are voluntarily payrolling car and car fuel data
  • Business Tax Account – PAYE Payment and Credits
  • Managed service companies