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Payroll and Rewards Update 2024
This webinar from the Tax Faculty will provide an update on all the recent and upcoming changes to payroll, rewards and employment taxes in 2024/25.
TAXguide 03/24: Payroll rates, allowances and thresholds in 2024/25
PAYE rates, thresholds, allowances, etc for employers in 2024/25 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.
Benefits and expenses
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Payroll benefits and expenses
- Webinar
- 16 Oct 2024
This webinar from the Tax Faculty will relay the practical implications of the payrolling of benefits in kind.
Tax return fix for student loan deductions
- Article
- 09 Sep 2024
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIK) should follow HMRC’s guidance when completing their self assessment (SA) tax return, warns ICAEW.
Exclusive
Salary sacrifice for company car
- Helpsheets and support
- 01 Aug 2024
FAQ on whether a client, who has made an agreement with his employer to contribute towards the cost of an electric company car via salary sacrifice, can include the salary sacrifice on P11D as a payment for private use.
Tax news in brief 19 June 2024
- Article
- 19 Jun 2024
Highlights from the broader tax news for the week ending 19 June 2024, including: a malware warning from HMRC; help from HMRC with submitting forms P11D and P11D(b); and developments in international tax.
Company car tax
Tax news in brief 5 June 2024
- Article
- 05 Jun 2024
Highlights from the broader tax news for the week ending 5 June 2024, including: HMRC publishes guidance on the abolition of multiple dwellings relief; an update on the VAT refund scheme for museums and galleries; and the Scottish visitor levy has been passed.
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Taxation of company cars
- Webinar
- 28 Feb 2024
This webinar covers the tax issues for both employer and employee when the employer provides their employee with a company car.
Tax news in brief 29 November 2023
- Article
- 28 Nov 2023
Highlights from the broader tax news for the week ending 29 November 2023, including: HMRC’s compliance professional standards; VAT group registration delays; advisory fuel rates; and changes to HMRC’s Apprenticeship Levy Manual.
HMRC updates guidance on charging company-provided electric cars
- Article
- 26 Sep 2023
HMRC accepts that no taxable benefit arises where an employer reimburses their employee for the cost of charging a company-owned, wholly electric car that is available for private use.
IR35
Employment status: a tax guide, 5th ed.
- Library book
- 01 Jul 2024
This book guides the reader through the extensive and apparently contradictory case law on employment status. The special cases section includes information on the entertainment, sport and media sector, the farming sector, the legal sector, and healthcare professionals.
Tax news in brief 20 March 2024
- Article
- 19 Mar 2024
Highlights from the broader tax news for the week ending 20 March 2024, including: HMRC’s framework for large businesses; new secondary legislation applying across a range of areas, including the off-payroll rules; maps of investment zones; and updated guidance on genuine HMRC contact.
Government cuts NIC rates again for employees and self-employed at Spring Budget 2024
- Article
- 06 Mar 2024
From 6 April 2024, the headline rate of NIC will fall from 10% to 8% for employees, and from 9% to 6% for the self-employed. The government will also consult on how it will abolish Class 2 NIC.
Level of service provided by HMRC at “all-time low” says PAC
- Article
- 05 Mar 2024
PAC has recommended more resources for HMRC so that it can meet its service standards. It has found that HMRC’s approach to off-payroll working is deterring legitimate economic activity.
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The Tax Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
Find out more National insurance
Don’t forget the 31 July payment on account deadline, warns ICAEW
- Article
- 03 Jul 2024
The second payment on account towards income tax self assessment (ITSA) liabilities and class 4 national insurance contributions (NIC) for 2023/24 is due by 31 July 2024.
Voluntary class 2 NIC repaid in error
- Article
- 25 Jun 2024
HMRC has provided an update on an issue affecting voluntary class 2 national insurance contributions (NIC) for 2022/23.
Exclusive
How to prepare for mandatory payrolling of benefits in kind
- Article
- 06 Jun 2024
HMRC has announced that employers must payroll benefits in kind from April 2026. In this article, Michael Nicolaides and Kym Wise consider what we do and do not know about HMRC’s plans, and how employers can begin to prepare for the changes.
Special tax sites postcode reporting burdensome says ICAEW
- Article
- 21 May 2024
Draft regulations requiring employers in freeport and investment zones to report workplace postcodes may deter claims for national insurance contributions (NIC) relief.
PAYE and RTI
Further details emerge on claiming PAYE repayments
- Article
- 02 Aug 2024
HMRC’s communications and guidance on claiming pay as you earn (PAYE) repayments omits key information. ICAEW’s Tax Faculty explains more about the new process.
Employees must claim PAYE repayments
- Article
- 16 Jul 2024
HMRC will no longer automatically issue a cheque where an employee is due a repayment under pay as you earn (PAYE). Instead, the employee must take action to receive the repayment.
Rules for reporting salary advances relaxed
- Article
- 17 Jun 2024
Changes have been made to the rules applying to advances on wages and pay as you earn (PAYE) real time information (RTI) reporting.
Exclusive
How to prepare for mandatory payrolling of benefits in kind
- Article
- 06 Jun 2024
HMRC has announced that employers must payroll benefits in kind from April 2026. In this article, Michael Nicolaides and Kym Wise consider what we do and do not know about HMRC’s plans, and how employers can begin to prepare for the changes.
Technical round-up: May 2024
- Article
- 29 May 2024
This month’s top stories include a HMRC warning about VAT bank details fraud; an NAO report showing taxpayers have been let down by poor HMRC service; and HMRC rejecting the ‘brightline’ test for furnished holiday lets.
Exclusive
TAXguide 05/24: Payroll and reward update webinar Q&As
- Technical release
- 20 May 2024
ICAEW's Tax Faculty hosted a payroll and reward update webinar on 10 April 2024. Answers to questions asked during the webinar are provided in this TAXguide.
Tax by country
A summary of resources available online and in print for taxation across the world, including double tax treaties and local tax guides.
Watch a Tax Faculty webinar
Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.
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