HMRC KEY MESSAGES SEPTEMBER 2012

Welcome to your September 2012 Key messages
As Real Time Information (RTI) moves closer…
You will probably want to keep up to date with how RTI will affect the way you run your payroll. Our frequently asked questions are regularly updated and include information about operating PAYE in real time. There are also frequently asked questions for employers with expatriate employees working either in the UK or abroad.

If you are already using Real Time Information and would like help with the operation of PAYE in real time, you may find this guidance helpful.
Employer email alerts – have you signed up to receive them?
As paper mailings from HMRC are decreasing and the employer pack and bulletins are now only available on HMRC’s website, you might like to think about signing up for our free email alert service if you haven’t already done so. When you sign up for this service, you will get a message when the employer pack and employer bulletin web page is updated and new information is available. HMRC used to send out packs and bulletins to 1.3 million employers, of that number over 470.000 have now signed up to receive the e mails prompts.

Good News: New P46 (short) for employers has been launched.
Following feedback from employers, HMRC have created a single page version of form P46 that can be used by the majority of employers to collect information from new employees who do not have a P45. The new form is called a P46 (short) and has to be submitted online.

Do you employ Students? P38 (S) will be withdrawn from April 2013.
Students will be treated in the same way as all other employees for PAYE tax and National Insurance contributions purposes from 6 April 2013 and the P38(S) form will be withdrawn from this date to introduce this change.

Updated Company car and car fuel benefit calculator.
The Company car and car fuel benefit calculator has been updated to include the increase in the car fuel benefit multiplier from 6 April 2012.
More New Webinars launched by HMRC.

Three new “live” webinars were launched on 1st August and they are called “My Self-employed Journey with HMRC”, “Business Expenses for the self-employed” and “Capital Allowances for the self-employed”. Recorded versions will also be available from the end of August. See HMRC Webinars for more information on these, and all the other available products.

A blog post by Cailline Lea