HMRC has released its latest addition of the Employer Bulletin…edition 100!
As always, a large range of areas are covered in the bulletin especially as we creep closer to the 2023/24 tax year! Details of the NMW & NLW for the next tax year is included along with the student and postgraduate loan thresholds.
There is also important information on the issuing of P9 coding notices to employers for the upcoming tax year.
Payrolling expenses and benefits
If you want to payroll any expenses and benefits in the 2023/24 tax year, and these haven’t been processed through the payroll before, they will need to be registered with HMRX before the 6th April 2023.
Payrolling expenses and benefits means you will no longer need to submit a P11D , though a P11D(b) will still need filing. Also, any expenses and benefits not put through the payroll will still need reporting on a P11D.