New HMRC process for termination payment queries

HMRC’s latest Employer Bulletin states that termination payment enquiries should now be made through the non-statutory clearance service. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to […]

Exchange of payment data to fight VAT fraud

EU rules set to transform VAT fraud detection in e-commerce come into effect from 1 January 2024. From 1 January 2024, payment service providers (PSPs) offering payment services in the EU will be required to monitor the payees of cross-border payments. PSPs will be required to provide to the tax administrations in member states information […]

CIS gross payment compliance tests to be strengthened

The Chancellor has confirmed that VAT compliance will be considered for obtaining and retaining gross payment status. Cancellation of gross payment status on grounds of fraud will also be expanded. A core feature of the construction industry scheme (CIS) is that contractors must make deductions on payments made to subcontractors and pay the withholding tax […]

Bereavement support payment extended to cohabitees with dependent children

Bereavement support payments (BSPs) are being extended to cover cohabitees with dependent children – rather than just spouses. The sum of almost £10,000 will benefit unmarried parents going forward, and will retrospectively apply to many unmarried parents who were bereaved between 2018 and now, following a vote in the House of Commons. However – eligible […]

PAYE payment by variable direct debit: late payment notices

Late payment notices will be suppressed, but not immediately. ICAEW’s Tax Faculty has previously explained how HMRC notifies employers of the date that their direct debit (DD) will be collected. The faculty noted that, as HMRC collects the DD a few days after the normal due date for electronic PAYE payment, a late payment interest […]