VAT is being ‘made digital’ this year and HMRC plans to give income tax and corporation tax the same treatment in the future. But what does it mean to make a tax digital?Read more Making Tax Digital
When Real Time Information was first introduced, one of the surprising limitations was that, if employers didn’t send details of all wage payments within two weeks of the end of the tax year, HMRC would start automatically rejecting them. HMRC has now confirmed that this is going to change in April 2019.Read more Filing after the End of the Tax Year
Back in August, the Child Poverty Action Group flagged up a problem caused by the interaction between an employer’s choice of pay dates and their employee’s entitlement to universal credit. Although the recent budget did include some changes to universal credit, this particular problem wasn’t addressed. So, what can employers do about it?
The company behind AccountingWEB, a popular website for accountants, has completed its 2018 survey into the opinions of people who use accounting software. After each survey, an award is given to the best software product in each category. However, this year, the awards were a little different from usual.
We sometimes get enquiries from people who are self employed, asking about setting up a payroll, but the truth is, most of them don’t need it.
Universal Credit is a monthly payment that is replacing six benefits, including Working Tax Credit and Child Tax Credit. It gives essential support for people who need it, including those in low paid jobs. However, the way it is calculated makes it highly sensitive to the exact dates when the worker is paid. As a result, employers choosing certain pay patterns can inadvertently make life very difficult for staff who receive Universal Credit.
We have owned the trade mark ‘The Payroll Site’ for ten years now. Companies choose to protect their brand names for different reasons, but, in our case, it was prompted when a competitor did something very cheeky.
We have a terrific skills and resource crisis in the payroll profession just around the corner. Not enough people are coming into the profession, and payroll training does not always equip existing staff with the relevant skills. Whilst they have always been a route into a career or used for career changes, apprenticeships have achieved a higher profile in recent months and years. Read more The Payroll Apprenticeship
The Government Gateway is a collection of computers which work together in order to accept electronic submissions on behalf of HMRC and other government departments.
It was launched in 2001, and our system has been sending payroll returns to the gateway since 2005, starting with the old year end forms P14 and P35. The format of the submissions has changed many times over the years and, since 2013, it has been in the form of Real Time Information (RTI). After nearly 17 years of service, it will soon be time for the Government Gateway to retire. According to HMRC’s plan, the gateway will stop accepting RTI submissions on the 14th February, 2018.
Nearly all employers now report their payroll information to HMRC via Real Time Information (RTI). The introduction of RTI is widely acknowledged to be the biggest change to PAYE since 1944. Most employers started reporting via RTI in 2013 and HMRC has since conducted a post-implementation review. The resulting report was published last week and this shows what went well, and also what didn’t go so well. It explains the ways in which government departments use the information that RTI gives them, and how it may be employed in the future.