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HMRC’s latest employer bulletin includes articles on the National Insurance contributions rate changes from 6 April 2024 PAYE settlement agreement payment starting the new tax year reporting expenses and benefits for the tax year ending 5 April 2024 and mandating the payrolling of benefits in kind from April 2026.
Other articles are summarised below.
PAYE tax calculator
HMRC has introduced a new calculator to replace the 2023-24 PAYE tax calculator which expired on 5 April 2024.
The new calculator will be fully accessible have feedback routes and will be monitored to ensure continuous improvement.
Plant and machinery allowances
HMRC has published a decision tool to help companies check if they can claim the 100% full expensing capital allowance or the 50% allowance for special rate expenditure. They are for qualifying expenditure on new and unused plant or machinery incurred on or after the 1 April 2023....
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
