The Social Security (Contributions) (Amendment) Regulations SI 2025/144 impose a new reporting requirement for employers which operate in designated special tax sites within a freeport or investment zone and claim the zero rate of secondary Class 1 NICs in relation to their employees. With effect from 6 April 2025 the employer must report the workplace postcode for each of those employees via its real time information returns. HMRC had consulted in 2024 on the proposed new reporting requirement.
HMRC have also published an accompanying Tax Information and Impact Note which notes the policy rationale: to help reduce employer error and ‘support HMRC in assuring validity of claims without generally having to contact the employer’.
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The Social Security (Contributions) (Amendment) Regulations SI 2025/144 impose a new reporting requirement for employers which operate in designated special tax sites within a freeport or investment zone and claim the zero rate of secondary Class 1 NICs in relation to their employees. With effect from 6 April 2025 the employer must report the workplace postcode for each of those employees via its real time information returns. HMRC had consulted in 2024 on the proposed new reporting requirement.
HMRC have also published an accompanying Tax Information and Impact Note which notes the policy rationale: to help reduce employer error and ‘support HMRC in assuring validity of claims without generally having to contact the employer’.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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