The CIOT has published HMRC’s 26 January 2022 Stakeholder digest, rounding up the latest news and covering the following—
Claiming back Statutory Sick Pay (SSP) due to coronavirus: the SSP Rebate scheme is reintroduced allowing employers to claim back up to two weeks of SSP paid to an employee due to coronavirus, at the standard weekly rate of £96.35, for any eligible periods of coronavirus-related sickness absence from 21 December 2021.
Late payment of Class 2 NICs: voluntary payments: for taxpayers who wish to make late voluntary Class 2 payments (after 31 January 2022), it will be too late for HMRC to amend its systems to make automatic transfers of the late-paid contributions to the individuals’ NIC records. HMRC has said it will update GOV.UK to advise taxpayers of the issue and steps they need to take.
Self-employed taxpayers who have profits below the £6,475 small profits threshold in the 2020/21 tax year and want to pay voluntary Class 2 NICs to maintain their entitlement to contributory benefits after 31 January 2022, and taxpayers who have paid voluntary Class 2 NICs via self-assessment before 31 January 2022 but have not filed their return until after 31 January, will need to contact HMRC on 0300 200 3500 for assistance.
VAT penalty reform delayed: the introduction of new penalties for late submission of VAT returns and late payment of VAT that were due to be implemented to replace the current default surcharge system from April 2022 is now postponed by nine months to 1 January 2023.
Helping parents and carers with their childcare costs: a reminder for parents and families in the UK that they may be eligible for the tax-free childcare scheme, with government top-up payments of up to £2,000 a year towards the cost of childcare, which could help towards paying for childcare this February half term.
The CIOT has published HMRC’s 26 January 2022 Stakeholder digest, rounding up the latest news and covering the following—
Claiming back Statutory Sick Pay (SSP) due to coronavirus: the SSP Rebate scheme is reintroduced allowing employers to claim back up to two weeks of SSP paid to an employee due to coronavirus, at the standard weekly rate of £96.35, for any eligible periods of coronavirus-related sickness absence from 21 December 2021.
Late payment of Class 2 NICs: voluntary payments: for taxpayers who wish to make late voluntary Class 2 payments (after 31 January 2022), it will be too late for HMRC to amend its systems to make automatic transfers of the late-paid contributions to the individuals’ NIC records. HMRC has said it will update GOV.UK to advise taxpayers of the issue and steps they need to take.
Self-employed taxpayers who have profits below the £6,475 small profits threshold in the 2020/21 tax year and want to pay voluntary Class 2 NICs to maintain their entitlement to contributory benefits after 31 January 2022, and taxpayers who have paid voluntary Class 2 NICs via self-assessment before 31 January 2022 but have not filed their return until after 31 January, will need to contact HMRC on 0300 200 3500 for assistance.
VAT penalty reform delayed: the introduction of new penalties for late submission of VAT returns and late payment of VAT that were due to be implemented to replace the current default surcharge system from April 2022 is now postponed by nine months to 1 January 2023.
Helping parents and carers with their childcare costs: a reminder for parents and families in the UK that they may be eligible for the tax-free childcare scheme, with government top-up payments of up to £2,000 a year towards the cost of childcare, which could help towards paying for childcare this February half term.
