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Posted by on in Payroll
Payroll Giving

The Payroll Giving scheme allows taxpayers to make a tax free donation to charity directly from their pay or pension. The use of the scheme has reduced over time and last year, a consultation was launched jointly by HM Treasury, the Cabinet Office and HMRC seeking views on plans to improve the scheme and increase overall donations to charity.

Following this consultation, the Government announced a number of new measures to help encourage greater use of the scheme. The most important announcement concerns the reduction in the number of days it takes for a donation to be processed from 60 to 35 days. This will allow charities faster access to monies that have been donated.

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Posted by on in Payroll

The introduction of the new system where HMRC collect Real Time Information (RTI) for PAYE, represents a fundamental change in the way employers interact with HMRC. The new system involves employers sending HMRC information about tax and other deductions each time a payment is made as part of the payroll process, rather than at the end of the year as is currently the case. The majority of employers are expected to join the scheme in April 2013 with some of the largest employers being gradually phased in until October 2013 in time for the national introduction of Universal Credit by the Department for Work and Pensions (DWP).

Tagged in: HMRC Payroll
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