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Tax Tips and Reminders from Keytime

Yes for one day only we have three reminders at once of those minor changes you might otherwise overlook in your busy schedules.

No more Mr Easement

The relief introduced in April 2014 which allowed employers who at 5 April 2014 employed less than 10 employees, to report their PAYE information ‘on or before’ the last payday in the month rather than ‘on or before’ each payday, ended on 5 April 2016.

All employers must now report their PAYE information ‘on or before’ each payday unless they have a genuine reason for reporting late.  I hope no one forgot!

I’m sick of this

As previously reported here (I’m sure you all remember the searing prose) the Percentage Threshold Scheme (PTS) which allowed employers in certain circumstances to reclaim any SSP they had paid to their employees, came to an end on 5 April 2014.

Employers had until 5 April 2016 to recover any SSP paid in respect of periods up to 5 April 2014. As this date has now passed employers should no longer make any claims for recovery of SSP (just in case you were thinking of doing so).

Auto enrolment

Minimum automatic enrolment contribution phasing date now aligned with tax year.

Your clients’ automatic enrolment duties include increasing the amounts they and their staff pay into the pension over a number of years. This is known as ‘phasing’. The date the minimum contributions were due to be increased has changed in order to align with the tax year. So now, instead of contributions increasing from 2% to 5% in October 2017, and from 5% to 8% in October 2018, they will now rise in April 2018 and 2019.

HMRC say that despite what some press articles have said, this is not a delay to automatic enrolment, and employers’ staging dates will remain the same.


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