The August 2024 edition of HMRC’s Employer Bulletin includes the following highlights:
default cash basis for unincorporated businesses: a reminder that the cash basis becomes the default method of accounting for 2024/25 (self-assessment tax returns due by 31 January 2026) and is extended to businesses of all sizes with the removal of the previous turnover limits;
basis period reform: HMRC say that its response times to requests for overlap relief figures ‘are not as quick as we would like’ but that it expects to clear the backlog ‘in the coming weeks’ (and that anyone who has applied but not heard back should not contact HMRC – in essence, ‘don’t call us, we’ll call you’).
P11D and P11D(b) for 2023/24: a reminder to submit late returns without delay to avoid further penalties, following the expiry of the 6 July deadline. Advice is provided on how to submit and what to file, together with a list of common mistakes. Employers should consider registering now for payrolling benefits in 2025/26, say HMRC;
pensions for seasonal temporary staff: an employer taking on extra staff over the summer must check if their workers are eligible for automatic enrolment into a workplace pension. If the employer knows there are employees who will be working for less than three months, postponement can be used to pause the duty to assess those staff until the end of the three-month postponement period;
employer registrations: it can take up to 30 working days to get a new employer PAYE reference number. HMRC will not be able to respond to any telephone queries unless more than 30 working days have passed since the application was made; and
getting new employees on the right pay: tips employers can follow to avoid making mistakes during the onboarding process.
The August 2024 edition of HMRC’s Employer Bulletin includes the following highlights:
default cash basis for unincorporated businesses: a reminder that the cash basis becomes the default method of accounting for 2024/25 (self-assessment tax returns due by 31 January 2026) and is extended to businesses of all sizes with the removal of the previous turnover limits;
basis period reform: HMRC say that its response times to requests for overlap relief figures ‘are not as quick as we would like’ but that it expects to clear the backlog ‘in the coming weeks’ (and that anyone who has applied but not heard back should not contact HMRC – in essence, ‘don’t call us, we’ll call you’).
P11D and P11D(b) for 2023/24: a reminder to submit late returns without delay to avoid further penalties, following the expiry of the 6 July deadline. Advice is provided on how to submit and what to file, together with a list of common mistakes. Employers should consider registering now for payrolling benefits in 2025/26, say HMRC;
pensions for seasonal temporary staff: an employer taking on extra staff over the summer must check if their workers are eligible for automatic enrolment into a workplace pension. If the employer knows there are employees who will be working for less than three months, postponement can be used to pause the duty to assess those staff until the end of the three-month postponement period;
employer registrations: it can take up to 30 working days to get a new employer PAYE reference number. HMRC will not be able to respond to any telephone queries unless more than 30 working days have passed since the application was made; and
getting new employees on the right pay: tips employers can follow to avoid making mistakes during the onboarding process.
