HMRC has invited comments by 20 July on changes to bring VAT law on deemed supplies of road fuel used in private travel into line with EU rules, and invited claims to repayment of VAT overpaid as a result of a defect in the current legislation.
HMRC has reminded employers that their annual returns of employees’ tax and NICs for 2011/12 must be sent online to HMRC by 19 May.
The due date for electronic payments of PAYE tax and NICs for PAYE month 12 is Sunday, 22 April and HMRC must receive cleared funds by that date, the department said in a ‘special notice’ posted yesterday.
HMRC is one of ten employers engaged in the department’s Real Time Information pilot launched yesterday. All employers and pension providers will be required by October 2013 to provide PAYE information during the year.
The Car Fuel Benefit Order, SI 2012/915, increases from £18,800 to £20,200, with effect from 6 April 2012, the multiplier in ITEPA 2003 s 150 used to fix the cash equivalent of the benefit of car fuel received by an em
The Registered Pension Schemes and Overseas Pension Schemes (Miscellaneous Amendments) Regulations, SI 2012/884, ‘strengthen’ the tax provisions relating to the t
Tax agents have welcomed new HMRC procedures aimed at reducing the number of employers facing penalties for late filing of annual returns.
HMRC has published a number of Tax Information and Impact Notes relating to changes to the PAYE system and NICs legislation:
The Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2012/822, amend SI 2003/2682 to introduce Real Time Information (RTI), and close the simplified PAYE deduction scheme to new employers, from April 2012
The Social Security (Categorisation of Earners) (Amendment) Regulations, SI 2012/816, amend SI 1978/1689 to exclude lecturers, teachers etc e