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Key changes for 2016.
The small employers’ easement which allowed micro-employers with up to nine employees to submit their RTI submission by the final payday in the tax month ended on 5 April.
All employers must now submit their full payment submission (FPS) to HMRC on or before the employee’s payday. However employers have three days’ grace before penalties are imposed.
New employers submitting an FPS for the first time have 30 days from payday to submit without penalty but only that once.
PAYE
The personal allowance for 2016/17 is £11 000 and the new emergency tax code is 1100L on a cumulative or non-cumulative basis as applicable.
Form P9X (2016) has more details on the uplifting of L codes by 40 points M codes by 44 points and 36 points for N. The uplift should take place before the new codes are implemented on the payroll. Employers...
