HMRC issue February ‘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 last in the 2017-18 Tax Year gives some vital information/reminders around end of year issues.
On page 2, there is an update on what to do to prepare for making your last Full Payment Submission (FPS) or Employer Payment Summary (EPS) of the year, including how to avoid a penalty and how to report expenses and benefits.
On page 3, there is a notice that 2018/19 P9 Notice of Coding email notifications will be sent out in the coming weeks and what to do when you receive one.
Also on page 3, there is an important reminder to check you are using the latest version of the Basic PAYE Tools (BPT). It is vital that you switch to the newest version as the old version will cease to submit information to HMRC at the end of February 2018.
Other topics in this edition, include:
- Dynamic Coding
- Employer overpayments
- Tax free childcare
- Simplifying PAYE Settlement Agreements
- Scottish Income Tax changes
- Increases to the National Minimum and Living Wage
- Student Loans
- Paying HMRC and the switch to electronic
- Business Tax Accounts – PAYE Payment and Credits
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.