The Budget 2016
Take a look at some of the key announcements made in the Budget 2016.
Important changes to payroll in April 2016
The Employer Bulletin: February 2016 is still a must read for employers because it contains comprehensive information and updates about the changes that impact on payroll in April 2016. To make sure that future publications are not missed sign up to receive our email alerts and we’ll be able to send you an email each time a new Bulletin is published. Next bulletin due in April 2016.
End of RTI easement for micro employers beyond 5 April 2016
In April 2014, HMRC introduced an easement for existing micro employers (those with 9 or fewer employees) to report their PAYE information for the tax month ‘on or before’ the last payment date of the tax month (until April 2016).This easement will no longer apply after 5 April 2016 and from that date all employers will need to report PAYE information ‘on or before’ each payday. Best practice examples on how to successfully report ‘on or before’ paying an employee can be found in the PAYE Manual. Go to Running payroll for more information about reporting (including exceptions) or sending in Full Payment Submissions.
Need help with End of Year (EOY) tasks?
Get help to finish the tax year 2015 to 2016. Start the tax year 2016 to 2017 using form P9X (2016) to work out your employees tax code from 6 April 2016. Look up the rates and thresholds for 2016 to 2017.
The National Living Wage becomes law from 1 April 2016
From 1 April 2016 workers aged 25 and over will be entitled to a new minimum pay rate of £7.20 per hour, called the National Living Wage. Find out more by visiting the National Living Wage website and by registering to hear our recorded webinar on the National Minimum and National Living Wage.
Scottish Rate of Income Tax and the ‘S’ code from 6 April 2016
The Scottish Rate of Income Tax (SRIT) comes into effect from 6 April 2016. The ‘S’ code depends on the residential address of an employee. Encourage employees to tell HMRC if their address changes, as this will help us to correctly identify any Scottish taxpayers to make sure they pay the right amount of tax. Updates and latest information can be found on the Scottish Rate of Income Tax page.
Making Tax Digital by 2020. What does this mean for businesses?
Find out what the digital future with HMRC will look like by downloading our PDFs on Making Tax Digital and Making Tax Digital: Myth-Buster and by taking a look at an HMRC video explaining how tax is being digitally transformed for businesses.
Tax Avoidance? Don’t be caught out
Don’t be Tempted by Tax Avoidance. Find out the Ten things to know about tax avoidance.
What help and support is available for the self employed on GOV.UK?
Find out what we have on offer in March and April 2016 to support self employed businesses.
HMRC offers customers extra help to protect against fraud
From 29 March 2016, HMRC will start to offer more Self Assessment customers “2 Step Verification” when logging into their Tax Account. This means customers will be able to link their mobile phone with their log-in details if they wish, which will help protect their account against fraud.
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