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Married tax break
Married couples and civil partners will be able to transfer up to £1,000 of their personal allowance to their partner from 2015/16. HMRC say their “current working assumption” is they will deliver the break through end-of-year processes in the first period, after which “people will receive [the allowance] through their tax codes”. The Treasury expects 4m couples to qualify.
Married tax break
Married couples and civil partners will be able to transfer up to £1,000 of their personal allowance to their partner from 2015/16. HMRC say their “current working assumption” is they will deliver the break through end-of-year processes in the first period, after which “people will receive [the allowance] through their tax codes”. The Treasury expects 4m couples to qualify.
RTI
Around 450 exam scheme employers and 50 elect schemes are set to be told in writing by the Revenue that they should operate standard PAYE and report it via the real-time information (RTI) system from 6 April 2014. A helpsheet with the letter will cover preparation for RTI, and a formal notice will address HMRC’s intention to terminate the current special PAYE operating arrangements for elect and exam schemes.
HMRC offline
Most HMRC online services will be unavailable between 6am on Friday 11 October and 6am on Monday 14 October due to planned IT upgrade and maintenance work. See information about the availability of specific services.
Small donations
HMRC have published a gift aid small donations scheme helpsheet and updated the guidance on both non-charitable expenditure and tainted charity donations.
DOTAS
Draft guidance on the changes to disclosure of tax avoidance schemes (DOTAS) for FA 2013 has been published. Comments should be emailed by 21 October.
Expat employees
The frequently asked questions for employers who operate PAYE for expatriate employees have updated to include important information for users of EP appendix 5 and 6.
Pensions
HMRC have published Pensions Newsletter 59.
Italian VAT
The VAT rate in Italy increased from 21% to 22% on 1 October.
