HMRC has published the latest instalment of its bi-monthly magazine for employers and agents giving up-to-date information on payroll topics.
The latest edition of the employer bulletin includes information on: “Paying employees when the regular payday is a non-banking day”, PAYE Settlement Agreements, Welsh rates of Income Tax, National Minimum Wage and Apprentices. There are also articles on the Construction Industry Scheme (CIS) and various webinars.
In addition, the bulletin also includes details on the new PAYE trigger – real time adjustments to tax codes. Building on improvements HMRC made to PAYE in July 2017, it will shortly be introducing a facility to notify employers when they are operating a different tax code for employees to the one held on its system.
As the new trigger is implemented, some employers and pension providers could receive more tax codes over the first few months, but if the codes are operated, the volumes should return back to the usual. The triggers will use the same processes HMRC operates now. Please refer employees to their Personal Tax Account if you receive any contact about tax codes. Regular PAYE RTI submissions will continue unaffected.
HMRC will update the PAYE issues briefing on GOV.UK when it is live. It will also provide a further article in the next bulletin.
