I get press releases on a daily basis from GOV.UK and these have to be sifted through in case there are any of relevance to payroll and/or HR.
Below are a selection of those received during our conference last week:
Form – Self Assessment Tax Calculation Summary (SA110)Use supplementary pages SA110 to record the results of your tax calculation on your SA100 Tax Return. This comes with helpful guidance notes for completing the 2015/2016 Self Assessment return. The Working Sheet is made up of 12 main sections but every box in every section does not have to be completed. However, to get to the right answer, each section must be carefully completed.There are five notices relating to share schemes:
Save As You Earn: end of year return template and guidance notesThis is an HMRC template or the HMRC technical note for employers on how to create their own template to tell HMRC of registered tax advantaged Save As You Earn (SAYE) options Other ERS schemes and arrangements: end of year return template, technical note and guidance notes.Also an HMRC template or the HMRC technical note for employers on how to create their own template to tell HMRC of non-tax advantaged share schemes EMI: end of year return template and guidance notesAn HMRC template or the technical note to create their own template to tell HMRC of registered Enterprise Management Incentives (EMI) options. CSOP: end of year return template, technical note and guidance notesAn HMRC template or the technical note to create their own template to tell HMRC of registered tax advantaged Company Share Option Schemes (CSOP) options. Share Incentive Plan: end of year template, technical note and guidance notesAn HMRC template or the technical note to create their own template to tell HMRC of registered tax advantaged Share Incentive Plan (SIP) shares.Compliance checks:
Penalties for Income Tax and Capital Gains Tax for offshore matters - CC/FS17This factsheet is about the higher penalties that HM Revenue and Customs (HMRC) may charge for Income Tax and Capital Gains Tax when an offshore matter is involved. RDR1: residence, domicile and the remittance basisGuidance which gives information about how residence status and domicile status affect the payment of tax in the UK on foreign income or foreign chargeable gains and the remittance basis of taxation.