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New HMRC guidance

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HMRC has published the following:

  • Salary sacrifice: updated guidance for employers to reflect changes to the rules on calculating the value of benefits in kind under new salary sacrifice arrangements from 6 April 2017 (arrangements set up before 6 April 2017 will become subject to the new rules from April 2018, or April 2021 for certain benefits);
  • VAT Notice 700/50: default surcharge: updates the September 2016 version in relation to making payments on time and reasonable excuse;
  • Notice 454: Amusement machine licence duty: notice withdrawn, as superseded by Notice 452: Machine games duty;
  • Pension schemes newsletter 90: including annual allowance calculator, relief at source for Scottish income tax, QROPS reporting, event reporting, lifetime allowance look-up service, and new pensions online service for scheme registration and administration;
  • NICs/pensions countdown bulletin issue 27: includes clerical query responses, completion of query templates and reasons for rejection, spouse details automated solution, aggregated employments periods and refund of CEPs requests, and scheme reconciliation re-run requests;
  • Webinars, e-learning, email alerts and videos: series updated with new webinars for landlords, construction industry scheme, VAT and international trade, and anti-money laundering; and
  • Records management policy: updated with additional detail on the benefits of effective records management and the appraisal reporting process.