HMRC stakeholder update - number 3

24 January 2014

Real Time Information

PAYE real time submissions: changes to reports you send HMRC from April 2014

HMRC has made updates to a number of PAYE guidance pages to reflect changes employers will see from April 2014.

Real Time Information: Filing and paying HMRC

A further reminder to employers about the PAYE filing and payment position for employers reporting PAYE in real time.


Pay As You Earn

PAYE details for 2013-14: tax month 8

HMRC's Business Tax Dashboard is not showing the correct payment position for tax month 8 for some PAYE schemes.

Please note that we updated this message on Thursday 23 January to expand on the errors an employer might see.


Share Schemes

Share Schemes - Information returns for the year ending 5 April 2014

Form 34 (2014) SAYE option scheme, Form 35 (2014) Company Share Option Plan (CSOP), Form 39 (2014) Share Incentive Plan, and EMI 40 (2014) Enterprise Management Incentives, have now been published.

Share Schemes - Information returns for the year ending 5 April 2014

Form 42 (2014) Employment-related securities has now been published.

Employment Related Securities - administration changes

HMRC is changing the way both new and existing employee share schemes and arrangements are administered.


Percentage Threshold Scheme ending

The abolition of the Statutory Sick Pay (SSP) Percentage Threshold Scheme (PTS) was announced in the 2013 budget. This was as a result of the Government Response to the Sickness Absence Review. It is intended PTS will finish at the end of the 2013-14 tax year.

From 6 April 2014 employers will no longer be able to make new claims under the scheme. Employers will have until the end of the 2015-16 tax year to recover SSP paid before the end of the 2013-14 tax year. Guidance will be made available on the GOV.UK, HMRC website.

The current SSP record-keeping requirements associated with PTS will also be abolished from 6 April 2014. However, employers will still be required to maintain SSP records for Pay As You Earn (PAYE) purposes and will still have the obligation to produce SSP records to meet SSP legal obligations, should HMRC require them. Guidance will be made available on the GOV.UK, HMRC website.

The money from PTS will be reinvested in the new Health and Work Service, which will provide independent occupational health advice to all employers. It is expected to be introduced from late 2014.

Details of the Health, Work and Wellbeing initiative referred to in the Government Response can be found via this link.


Payroll Giving

Payroll Giving: Consultation of draft regulations on donation hand over time

HMRC is consulting on draft regulations to reduce Payroll Giving donation hand over time. In most cases, these new regulations would require Payroll Giving Agents to hand over donations to charities within a maximum of 35, instead of, 60 days.