![[UK] New online PAYE settlement agreement service for employers](http://gpa.net/cdn/shop/articles/bigstock-African-Tax-Accountant-Ledger--472831017_1200x.jpg?v=1681528499)
In the UK, HMRC has launched a new online service to apply for, amend or cancel a PAYE settlement agreement, ICAEW reports.
A new online service is available from HMRC for employers and their agents to apply for a PAYE settlement agreement (PSA). Employers and agents can also use the online service to amend or cancel an existing PSA.
This new service was reportedly made available on April 6, 2023.
HMRC has updated its guidance for applying for a PSA and amending or cancelling a PSA to include the new online tools.
To use the service online an employer PAYE reference will be needed.
You also need contact details, including:
- the name of your business
- an address
- your telephone number
- your email address (unless you sign in with a government gateway user ID).
The deadline for applying for a PSA is July 5 following the first tax year it applies to. For the tax year 2022/23, you have until July 5, 2023, to apply for a PSA.
What may be included in your PSA payment depends on when you apply. If you applied for a PSA before the start of a tax year, you can include any expenses and benefits contained in the agreement. If you applied for a PSA after the start of the tax year, ICAEW advises that you might need to report some items separately (eg, on form P11D).
You must pay any tax and class 1B NIC owed under a PSA by October 22 after the tax year that the PSA applies to (October 19 if paying by cheque).
The expenses or benefits to include in a PSA must reportedly be minor, irregular or impracticable (expenses and benefits that are difficult to place a value on or divide up between individual employees). Trivial benefits do not need to be reported to HMRC so should not be included in a PSA.
Source: ICAEW
(Links via original reporting)
In the UK, HMRC has launched a new online service to apply for, amend or cancel a PAYE settlement agreement, ICAEW reports.
A new online service is available from HMRC for employers and their agents to apply for a PAYE settlement agreement (PSA). Employers and agents can also use the online service to amend or cancel an existing PSA.
This new service was reportedly made available on April 6, 2023.
HMRC has updated its guidance for applying for a PSA and amending or cancelling a PSA to include the new online tools.
To use the service online an employer PAYE reference will be needed.
You also need contact details, including:
- the name of your business
- an address
- your telephone number
- your email address (unless you sign in with a government gateway user ID).
The deadline for applying for a PSA is July 5 following the first tax year it applies to. For the tax year 2022/23, you have until July 5, 2023, to apply for a PSA.
What may be included in your PSA payment depends on when you apply. If you applied for a PSA before the start of a tax year, you can include any expenses and benefits contained in the agreement. If you applied for a PSA after the start of the tax year, ICAEW advises that you might need to report some items separately (eg, on form P11D).
You must pay any tax and class 1B NIC owed under a PSA by October 22 after the tax year that the PSA applies to (October 19 if paying by cheque).
The expenses or benefits to include in a PSA must reportedly be minor, irregular or impracticable (expenses and benefits that are difficult to place a value on or divide up between individual employees). Trivial benefits do not need to be reported to HMRC so should not be included in a PSA.
Source: ICAEW
(Links via original reporting)