Welcome to our monthly newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you would like to discuss any matters further.
Every year there are a number of circumstances in which a taxpayer’s SA tax return will not be accepted by HMRC’s systems as valid, and so it must be submitted in paper form. These circumstances are listed by HMRC as exclusions for online filing.
After more than three years of submitting payroll data under RTI, HMRC is finally starting to use that information to update employees’ PAYE codes during the tax year. This dynamic coding, also called “PAYE refresh”, is due to start from 31 May.
This Parliament will cease to function at midnight on 3 May, to make way for the General Election on 8 June 2017. This means the Finance Bill 2017 has to be passed by that date, – it can’t be carried over to the new session of Parliament after the election.
If we deal with the estates of deceased persons, HMRC’s Trusts & Estates newsletter is essential reading. This month’s edition contains some important information about reliefs that apply from 6 April 2017, forthcoming charges, and a new Trusts Register.