April 2011

HMRC have recently issued P9 notices of coding and student loan notices to employers for the tax year 2011/12, and most of those notices will have been issued electronically. You need to look for the new employee PAYE codes on the HMRC website. To view codes or student loan notices the you need to log on to the PAYE online service, and chose the option required (e.g tax code notices). Remember to change the option ‘tax year’ to see the notices for 2011/12.

Viewing PAYE notices online

http://www.hmrc.gov.uk/paye/file-or-pay/fileonline/intro.htm#5

If you have a PAYE scheme that has been dormant for the tax year 2010/11 you need to tell HMRC there is no end of year PAYE return to make. You can now do this online.  It is essential to enter the PAYE reference correctly. An incorrect reference means the HMRC computer cannot match the form to the right PAYE scheme and penalties will be issued for non-submission of the end of year return.

Form to notify HMRC no PAYE return needed

https://online.hmrc.gov.uk/shortforms/form/P35NilEmployer?dept-name=&sub-dept-name=&location=1&origin=http://www.hmrc.gov.uk

Small charities, clubs or societies who are required to submit a Corporation Tax return can continue to submit their accounts to HMRC in PDF format after 31 March 2011. The tax computation and the tax return must be submitted in iXBRL format, although where no income or gains are subject to corporation tax, no tax computation is required. All companies that are subsidiaries of charities must submit both their tax computation and their accounts in iXBRL format from 1 April 2011.

Exemptions for clubs, societies and charities

http://www.hmrc.gov.uk/charities/guidance-notes/chapter6/partb.htm#69

Self-employed individuals generally pay class 2 national insurance by monthly direct debit, or when the quarterly bill arrives from the Tax Office.

From 6 April 2011 the class 2 NI for the tax year will be due in two equal instalments on 31 July and 31 January. The Tax Office will send out separate bills in April and October for two instalments of class 2 NI.  If you already have a monthly direct debit set up to pay the class 2 NI, those direct debits will be suspended from April 2011 and will resume in August 2011. You will also have the option of paying by direct debit in two instalments in July and January.

Changes to class 2 NI
http://www.hmrc.gov.uk/payinghmrc/news-nic2-payments.htm

HMRC have helpfully brought together all the tax rates, thresholds and other wages data an employer may need for the new tax year that starts on 6 April 2011. For the first time in many years the National Insurance thresholds for class 1 primary (employees) and secondary (employers) are not aligned, so double check the figures if you are trying to calculate an individual’s net pay.

Rates and thresholds for 2011/12

http://www.hmrc.gov.uk/paye/rates-thresholds.htm