HMRC’s Employer Bulletin for February 2023, the 100th edition of the bulletin, covers various employment tax developments, including the following:
HMRC’s view on the reporting of advances of salary: HMRC intends to introduce secondary legislation to ensure salary advances can be reported on or before an employee’s contractual pay day (avoiding the need for an additional full payment submission).
Reporting expenses and benefits for the 2022/23 tax year: noting that from 6 April 2023 informal payrolling of benefits will not be accepted.
Basis period reform: a summary of the implications from the 2023/24 transitional tax year onwards.
Minimum wage: a reminder that the main rate of the national minimum wage will increase to £10.42 per hour from 1 April 2023.
Martyn’s law: although not tax-related, the Bulletin highlights the new ‘protect duty’ that the government intends to introduce across the UK, requiring public venue operators to take steps to improve security, and which is likely to affect employers in different sectors.
HMRC’s Employer Bulletin for February 2023, the 100th edition of the bulletin, covers various employment tax developments, including the following:
HMRC’s view on the reporting of advances of salary: HMRC intends to introduce secondary legislation to ensure salary advances can be reported on or before an employee’s contractual pay day (avoiding the need for an additional full payment submission).
Reporting expenses and benefits for the 2022/23 tax year: noting that from 6 April 2023 informal payrolling of benefits will not be accepted.
Basis period reform: a summary of the implications from the 2023/24 transitional tax year onwards.
Minimum wage: a reminder that the main rate of the national minimum wage will increase to £10.42 per hour from 1 April 2023.
Martyn’s law: although not tax-related, the Bulletin highlights the new ‘protect duty’ that the government intends to introduce across the UK, requiring public venue operators to take steps to improve security, and which is likely to affect employers in different sectors.
