Adrian Hobbs, Payroll Author at Gee Publishing, will be speaking at the free Softworld HR & Payroll seminar 'Review of recent & upcoming payroll legislative changes' at 10.15am on Wednesday 20 October. Here's a snapshot of the key payroll changes he'll be discussing...
Mandatory electronic payments
Many large employers are storing up major problems for themselves by making 'innocent 'mistakes. The seminar will look at the reasons for this and how businesses can avoid making errors.
Mandatory electronic filing of end of tax year return forms P14/P35
Only 16.5% of all large employers filed electronically last year. This means the majority of large employers will come to e-filing as 'virgins' with hefty penalties for getting it wrong and being late making an electronic return when required to do so. In this session Adrian Hobbs will look at where to go for help and how to make sure registration occurs on time for electronic returns.
National Insurance (NI) numbers
Temporary NI numbers go out next year and any returns filed electronically that try to use these numbers will result in failure. There are also problems with A and H tax codes that can cause a return to be rejected.
Company cars and vans
Guidance will be given on how to deal with parking and speeding fines; there is also a change to the way company vans are taxed from next April. Employers need to take steps now to ensure employee's tax codes are issued correctly for next year.
There are changes to the income tax and National Insurance liabilities of employer provided childcare (in-house facilities) and payments for external services as well as provisions of childcare vouchers. These changes will have a major impact on childcare voucher salary sacrifice schemes. There is also an important change in the way statutory maternity pay (SMP) is calculated from next April which will affect every employer.
From September changes were made to the agreements and elections that can be made between employers and employees for the recovery of NI contributions from cash earnings. This is a particular problem when share prices are volatile or share-based earnings arise shortly before or at the time someone leaves their job. Warnings will also be given about the problems employers incur if they are late in making annual returns about their approved and unapproved share schemes.
Information will also be available on some other minor changes for next year and on any 'late-breaking'changes.
Take a look at the free seminar programme