HMRC's Employer Bulletin: October 2022
20 October 2022
HM Revenue and Customs (HMRC) has released their October edition of the Employer Bulletin.
The bulletin has information on the following items:
PAYE
- Reduction in the rate of National Insurance contributions and reversal of the Health and Social Care Levy — employer actions
- Making your PAYE Settlement Agreement payment
- Guidelines for Compliance — help with PAYE Settlement Agreement calculations
- Electronic payment deadline falls on a weekend
- Guidance for employers on reporting PAYE information in real time when payments are made early at Christmas
- Student loans
- Take advantage of the National Insurance holiday for employers of veterans
- New starter checklist interactive guidance goes live — helping customers get it right
- HMRC app and pre employment checks
- How to reduce the number of P11Ds you fill in and send to us
Tax updates and changes to guidance
- New tax year basis will affect some sole traders and partners
- You must now file VAT Returns using Making Tax Digital-compatible software
- Change to VAT penalties and interest charges
- Decision tool and calculator for the 130% super-deduction and the 50% special rate capital allowances
- New powers for naming tax avoidance promoters
- Spotlight 60 — warning for agency workers and contractors employed by umbrella companies
With a lot going on in the payroll profession at the moment, it is important to stay on top of all aspects of the job. This bulletin has a lot of useful reminders for upcoming deadlines and responsibilities.
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