An employer can apply for an PPE at any time until July 5 after the end of the tax year on which it relates. However, it is best to apply before the start of the fiscal year to include in the agreement all eligible tax benefits. HMRC has just published its Welsh Taxpayer Technical Guidance, and I have updated this article to reflect it. Before detailing the manuals and useful links intended for them, it is worth drawing attention to certain exclusions of liability regarding the guidelines published by HMRC itself: HMRC publishes a series of manuals designed for its own collaborators. Its recent publication of an updated version of the Tobacco Products Manufacturing Licensing Licensing Scheme has led me to take a look at all its guidelines and find the ones that are most relevant to British payroll professionals. The tax owed under an PPE must be calculated taking into account the factors listed in the following sections (SI 2003/2682, reg. 108). Nevertheless, HMRC`s management is that IRS officials should have a reasonable opinion. PSA 1160`s PAYE Settlement Agreements manual contains the following guidance for tax officers: Currently, an employer must renew its PSA each year at HMRC. HMRC has introduced bills to abolish this requirement effective April 6, 2018. The proposal calls for an agreement to become a lasting agreement that lasts year after year. CAW opinions on this bill sent to HMRC are available here.
It is useful to know that all of HMRC`s internal manuals are published on the website Gov.UK a – Z. Some of them may not be at all relevant to the payroll world – for example, the beer guide, which serves HMRC employees to “understand beer.” Others are a relevant and useful source of guidelines: HMRC indicated in its latest agent update that they would delay the issuance of P626s for 2018-19 until April 2018. We anticipate that existing agreements will become lasting agreements, but we are awaiting confirmation of this point. Please read the disclaimer with the link above entitled “If you can rely on information or advice from HM Revenue and Customs.” Daryl Hanberry is a partner in our tax department with more than 15 years of experience at Deloitte.