HMRC issue April ‘Employer Bulletin’

HMRC have issued the latest Employer Bulletin – ‘Your route to the latest in payroll news‘. In general, these bulletins contain lots of useful information to help employers meet their payroll obligations, such as updates on forthcoming changes to the rules and guidance in dealing with particular payroll issues.

This edition, the first in the 2018/19 tax year, has some useful information around completing last year’s reporting and starting this new one (on pages 2 and 3). 

Also on page 3, there is information on PAYE late filing penalties for tax year ending 5 April 2018, how to appeal against a penalty online and how to prevent a late filing penalty when you have a valid reason.

There is an update on the changes to the auto enrolment thresholds on page 7, where the minimum pension contributions for employers and staff will increase from 2% to 5%, and then to 8% in April next year.

Similarly, on page 7, there is a notice about the changes to the student loan thresholds from April this year, with Plan 1 increasing to £18,330 and Plan 2 to £25,000.

Other topics in this edition, include:

  • Simplifying PAYE settlement agreements
  • Foreign Tax Credit Relief Scheme
  • Diesel Supplement Increase and the introduction of the Real Driving Emissions 2 Standard
  • Construction Industry Scheme
  • New rules for termination payments
  • New National Insurance Number letter
  • Soft Drinks Industry Levy
  • Welsh Taxes
  • Scottish Income tax
  • Childcare vouchers
  • Benefits in Kind

The bulletin is well worth a read as it is the main way HMRC communicate with employers on a regular basis. It can be found on GOV.UK.