Market leading insight for tax experts
View online issue

HMRC guidance

printer Mail

New HMRC guidance includes:

·       Payrolling benefits in kind: draft guidance for employers using the new online service to account for tax on most employee benefits in kind through the payroll from 6 April 2016. Employers must register before 6 April 2016 to start payrolling for 2016/17. Class 1A NICs must still be reported and paid separately.

·       Adjusted net income: updated guide to working out ‘adjusted net income’ for calculating: reduced age-related higher personal allowances; reduced personal allowance for higher incomes; high income child benefit charge; and personal savings allowance entitlement from 6 April 2016.

·       Revenue and Customs Brief 5/2016: Tonnage tax: FY 2016 will again not be an ‘excepted year’ for tonnage tax purposes. This means companies must apply a flagging test when operating a non-EU or EEA-registered ship for the first time to determine if the ship qualifies for tonnage tax.

·       Countdown bulletin Issue 13: the latest in the series for pension scheme administrators on the ending of contracting-out in April 2016.

·       Alternative dispute resolution: Contact details added to the guide.

·       VAT Notice 749: Local authorities and similar bodies: revised postal address for VAT refund claims by public bodies.

·       Notice IPT1: Insurance premium tax: takes account of the standard rate rise from 6% to 9.5% from 1 November 2015.

·       Excise Notices 162: Cider production and 163, wine production: updated for alcohol wholesaler registration scheme.

Issue: 1296
Categories: News