Contributing to your CPD?
If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your online CPD record.
In the latest issue of its Employer Bulletin, HMRC has set out its new approach to providing advance assurance on certain termination payment enquiries.
HMRC’s guidance had included a commitment to give a binding answer to enquiries on termination cases involving, for example, the disability and injury compensation exception and the foreign service exception (EIM 12817). It also committed to explain how certain statements of practice and extra statutory concessions operated within the context of a termination case (EIM 12825).
This guidance has now been removed. Going forward, an enquiry should be made through the non-statutory clearance service where there is a genuine point of uncertainty.
Other points of interest in the bulletin include:
- confirmation that an update to the Basic PAYE Tools (BPT) will be released at the end of March to support the 2024/25 tax year;
- advice on how to prepare for, and deal with end-of-year PAYE reporting;
- guidance on upcoming changes to paternity leave and pay; and
- helping your workers/contractors steer clear of avoidance schemes involving how they are paid.
The Tax Faculty
ICAEW's Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
More support on tax
ICAEW's Tax Faculty provides technical guidance and practical support on tax practice and policy. You can sign up to the Tax Faculty's free enewsletter (TAXwire) which provides weekly updates on developments in tax.
Sign up for TAXwireJoin the Tax FacultyMore from the Tax Faculty
Latest news
TAXwire
Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly e-newsletter
Practical guidance
TAXline
Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.
Technical support
Webinars
Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.
