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RTI FAQs
HMRC have updated the frequently asked questions from employers relating to using PAYE online when they start to operate PAYE in real time.
Benefits forms
Employers who did not submit forms P9D, P11D or P11D(b) by 19 July 2012 will receive reminders that they may already have incurred a late filing penalty. This penalty will continue to increase until HMRC receives the forms or are notified that none are due.
Car benefit
HMRC have updated the company car and car fuel benefit calculator to reflect the increase in the car fuel benefit multiplier from 6 April 2012.
Insolvency
The latest version of VAT Notice 700/56 Insolvency has been published. The notice cancels and replaces the previous version in May 2012. Details of any changes to the previous version can be found in paragraph 1.1.
COMPS
The Registered Pension Schemes (Authorised Payments) (Amendment) (No 2) Regulations 2012 (SI 2012/1881) – taxation of partial refunds for members with short service, have been laid before Parliament, coming into force on 8 August. The regulations relate to former contracted-out money purchase schemes (COMPS).
