This week saw the release of the latest Employer Bulletin from HMRC for October 2021. This essential tool for all payrollers gives the latest updates on various areas and issues to do with Tax and National Insurance as well as good to know areas of legislation and compliance. This month the bulletin looks at the following areas:
PAYE
- Tax changes for health and social care
- Business Tax Account and Pay As You Earn (PAYE) for employers
- Reporting PAYE information in real time when payments are made early at Christmas
- Universal Credit and the importance of correct on time Full Payment Submission (FPS) reporting
- Off-payroll working rules (IR35)
- Student loans: Occupational Pension and off-payroll working rules FPS Indicators
- Student loan refunds
- Making your PAYE Settlement Agreement (PSA) payment
- PAYE Settlement Agreements (PSA) — Applying the correct reporting method — PSA1 form
- Reporting benefits and expenses digitally
UK Transition
- UK-Swiss Convention on Social Security Coordination
- Coronavirus (COVID-19) updates and information
- Coronavirus Job Retention Scheme
- Tax Updates and changes to guidance
- VAT reverse charge for construction and building services
- Voluntary disclosures — PAYE liability involving offshore matters
The full bulletin can be found here
