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12-06-2015

The R40 is the form which taxpayers can use to claim a repayment of tax deducted from savings income.

HMRC has updated the web page Income Tax: claim for repayment of tax deducted from savings and investments (R40) with new details of where to send the R40:

People who have employment income, occupational pension income, incapacity benefit, employment support allowance or jobseekers’ allowance should send the completed R40 form to:

HM Revenue and Customs
PAYE and Self Assessment
BX9 1AS
United Kingdom

All other R40 repayment claims should be sent to:

HM Revenue and Customs
Leicester and Northants (Claims)
Saxon House
1 Causeway Lane
Leicester
LE1 4AA

Neither the R40 itself, nor the notes which accompany it, provide these address details. The form cannot be submitted online.

Those not resident in the UK should use from R43. Those in self assessment can claim a repayment using their SA tax return

12-06-2015

The rates which employers can use to reimburse employees who pay to put petrol in their company cars when they are using them for business have been updated. These rates apply to all journeys undertaken on or after 1 June 2015 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose.

04-06-2015

HMRC has issued a change in practice on penalties for late filing of personal tax returns.

What’ has changed? The law provides for an automatic penalty of £100 if a personal tax return is even a day late (and more than that if it’s more than 3 months late). But no penalty is due if you have a "reasonable excuse" for the delay. You can appeal within 30 days of the issue of the penalty, using form SA355.


25-05-2015

HMRC have updated their list of such vehicles. VAT registered businesses can use this list to determine if VAT can be reclaimed as input tax on particular makes and models of car derived vans and combi vans. To access the list click here.



25-05-2015

HMRC has issued revised guidance to assist with the identification of expenses and categorising them as to "Business" and "Private" expenditure. To access the toolkit click here.

27-03-2015

Who is likely to be affected?
Employers with employees under the age of 21.

General description of the measure
From 6 April 2015 every employer with employees under the age of 21 will no longer be required to pay Class 1 secondary National Insurance contributions (NICs) on earnings up to the upper earning limit (UEL), for those employees.

Proposed revisions
Under proposals and subject to earnings up to the UEL, employers who employ or engage employees under the age of 21 at or after 6 April 2015 will not be required to pay employer NICs on the earnings they pay to those employees. The UEL in 2015-16 is expected to be £813 per week (annual equivalent £42,285).

For more detailed information click here.

04-03-2015

The rates which employers can use to reimburse employees who pay to put petrol in their company cars when they are using them for business have been updated. These rates apply to all journeys undertaken on or after 1 March 2015 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose.

17-02-2015

The government has announced that the official rate of interest will be 3% from 6 April 2015. This will be a fall from the current rate of 3.25%.

The official rate of interest is used in calculating the benefit-in-kind charge on beneficial loans to employees and on living accommodation provided for an employee or director. It is also use in calculating the pre-owned asset charge on assets other than land.

The GOV.UK website has tables of the current and all previous rates

11-02-2015

How does an employee notify the employer of their intention to take shared parental leave?
There are various procedural steps that an employee must follow in order to take shared parental leave.
Notice of Entitlement
The mother must end her maternity leave before she takes shared parental leave. She can do this by either returning to work before the end of her maternity leave period; or by giving the employer notice to end her maternity leave on a particular date. When giving notice, both mother and her partner must tell their employer that they wish to opt into shared parental leave no earlier than the 11th week before the EWC and no later than the 9th week before the end of the maternity leave period. Notice must be given at least 8 weeks before a period of leave is taken. The correct documentation must be used by the employee when giving notice. The employee must set out an approximate idea of how many periods of leave they intend to take, and the length of the periods. This notification is not binding so the employee does not have to take their leave on the dates they have set out but it gives the employer an initial idea.
This Notice is Binding
The Notice of Entitlement is (excluding the indication of periods of leave) binding in terms of the notification to end her maternity leave and there are only limited circumstances in which it can be withdrawn. The Notice of Entitlement acts as self-certification that the employee and the person they are sharing their leave with both qualify to take shared parental leave. There is no need for employers to check up on the information provided, although the employer can ask their employee for the baby’s birth certificate and their partner’s employer’s details. This should be requested within 14 days of receiving the Notice of Entitlement, and then the employee must provide this within 14 days. The above procedure lets the employer know that their employee intends to take shared parental leave.
If you need any clarification on this issue then contact the CCH employment helpline.

28-10-2014

The Government has announced changes to the payment of Class 2 NIC.  The proposed changes for customers who complete self employed and/or partnership pages on their tax returns are as follows:

  • In April 2015 - taxpayers will receive their last Class 2 National Insurance Contributions payment requests under the current collection process;
  • from April 2016 - any class 2 National Insurance Contributions due from 6 April 2015 will be collected with taxpayers' tax and class 4 National Insurance contributions; and
  • If the taxpayer's self assessment payments are up to date and taxpayers would prefer to spread the cost of their tax and National Insurance Contributions, there will be an option in Self Assessment to set up a budget payment plan.  More details are promised to follow.

 



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