IReeN Bulletin 04-01-17

IReeN News Bulletin 04-01-17

Happy New Year!

Well I'm sure we have all returned to work this week, raring to go, full of resolutions for 2017.

So to help you plan for the year ahead, Ian Holloway of Cintra HR, has shared with us his top ten payroll issues for 2017, which should give us all something to think about!

Last chance to complete the IReeN National Meeting survey

What you would like to see at our next round of national meetings, let us have your views by completing this short survey

 

Dear Developer
 
Please read the slides about some changes HMRC will be making as a result of new Scottish Income Tax Powers for the 2017/18 tax year.

Regards SDSTeam

Dear Developer,

1) I have attached test data for Scottish tax calculations using the new proposed Scottish higher rate threshold. This was announced in the Scottish Draft Budget on 15th December but is still subject to approval by the Scottish parliament.

 

In line with this proposed change the Scottish parameters in Appendix B of the PAYE Tax Table Routines specification will be amended as shown below:-

 

SR1 = 10.00%                      (Rate 1) NOT USED

SR2 = 20.00%                      (Rate 2)

SR3 = 40.00%                      (Rate 3)

SR4 = 45.00%                      (Rate 4)

SB1 = £0                               (Band 1)

SB2 = £31,930                     (Band 2)

SB3 = £118,070                  (Band 3)

SC1 = £0                               (Cumulative bandwidth 1)

SC2 = £31,930                     (Cumulative bandwidth 2)

SC3 = £150,000                  (Cumulative bandwidth 3)

SK1 = £0                               (Cumulative Annual Tax 1)

SK2 = £6,386                       (Cumulative Annual Tax 2)

SK3 = £53,614                     (Cumulative Annual Tax 3)

G pointer                             2

Maxrate                               50%

 

2) I have also attached version 1.1 of our Directors NIC tests. This version has a couple of corrections from version 1.0.  Details are on the Amendment Sheet tab in the spreadsheet.

 

Best regards, John  SDSTeam

  Ian Holloway, Head of Legislation and Compliance at Cintra  HR & Payroll Services offers his top ten issues that we  should all be planning for this year.
 
 

The Pension Regulator has produced a booklet to alert people to Pension Scams.

 A copy can be found here Pension Scam Booklet
 

 
Simon providers a link to HMRCs reminder to complete your SA Return on Time

And if you think you have a good excuse as to why you are going to be late, don't use any of these!

read linked in article here

Advisers helping tax evasion face fines

New laws came into force on the 1st January, which mean accountants, bankers, lawyers and advisers who assist with tax evasion will be hit with fines as part of a crackdown on the practice.

BBC report can be viewed here 

The Electronic Exchange with Government user Network. WWW.IReeN.org.uk View our IReeN LinkedIn group?

Please think before you print
This e-mail and any attachment are confidential and may contain proprietary information, some or all of which may be legally privileged. It is intended solely for the use of the individual or entity to which it is addressed. If you are not the intended recipient, please notify the author immediately by replying to this e-mail, and then delete all copies of the e-mail on your system. If you are not the intended recipient, you must not use, disclose, distribute, copy, print or rely on this e-mail.

Subscribing - If you have been forwarded this email by a colleague and would like to subscribe personally, please visit the membership benefits page of our website, where a subscription form can be found at the bottom of the page

Copyright © *|CURRENT_YEAR|* IReeN, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list



This email was sent to *|EMAIL|*

why did I get this?    unsubscribe from this list    update subscription preferences

*|LIST:ADDRESSLINE|*

*|REWARDS|*


No Comments Yet.

Leave a comment