HMRC have issued the October 2017 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues.
Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Wednesday 22 November.
The government have issued information on how Making Tax Digital for Business (MTDfB) is expected to work for VAT once the rules are introduced in April 2019.
The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to. According to the TPR these inspections help them to understand any challenges employers are facing, and whether TPR need to make any changes to their guidance. This also enables them to identify employers who fail to meet their duties, and take enforcement action where necessary.
The government are offering compensation to those who have been affected by problems with the implementation of Tax-Free Childcare.
New company car advisory fuel rates have been published which took effect from 1 September 2017. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.
The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment.
The government has announced a revised timetable for the introduction of Making Tax Digital for Business (MTDfB).
The Office for Tax Simplification has published their recommendations on simplifying the corporation tax computation.
By now, you should be aware that the system for making Returns to HM Revenue & Customs is changing, with more frequent reporting and the requirement to maintain records in a digital format – Making Tax Digital (MTD). By 2020, HMRC expects every individual and business to have access to a digital tax account and the annual Tax Return will have been abolished.