Employment tax updates: March 2015

2 Mar 2015

A roundup of the key PAYE and employment tax issues, including the digitised self-serve company car trial and benefits in kind, following follower notices and accelerated payments, and new anti-avoidance provisions to existing NICs legislation. Lesley Fidler, associate director and employment tax expert at Baker Tilly reports

PAYE: Agencies’ new reporting requirement

The reporting regime that supports the 2014/15 changes to agencies’ PAYE obligations takes effect from the start of the new tax year on 6 April.

Agencies will have to report to HMRC details of all the gross payments they make in respect of workers, even if the payment is to a personal service company and so outside the scope of PAYE and Class 1 NICs. This must be done electronically, within 30 days of each quarter-end.

Agencies may not currently hold all the details that are needed and so preparation may be required.

Details (and links to the software specification) are available at http://is.gd/9NPNkh