This is where members of the Numerus team will post blogs that share their professional expertise. We’ll also keep you up to date with industry news, focussing on what it might mean for you and your business.

HMRC change their approach to interim penalties for 12/13 and 13/14

29th May 2014

As part of HMRC’s transition to in-year PAYE Real Time Information penalties for late and non-filing, they are changing their approach to issuing updated penalty notices for the same PAYE non filing default. These changes impact both the 2012 to 2013 and 2013 to 2014 tax years. PAYE for Employers: reduction in penalty notices for... View Article

In-year interest on late payments

22nd May 2014

As announced in the What’s New of 19 March 2014, HMRC now charges interest on any late PAYE and Construction Industry Scheme (CIS) payments. For employers that pay monthly, the first payment of 2014 to 2015 is due on 19 May (or 22 May for employers who pay electronically). From the date a payment is... View Article

Government to take direct action to recover tax and tax credit debts.

7th May 2014

The government is consulting on proposals to recover tax and tax credit debts from businesses and individuals that are able but are actively refusing to pay what they owe. Announced at Budget 2014, Direct Recovery of Debts (DRD) will provide HM Revenue and Customs (HMRC) with the ability to recover cash directly from the bank... View Article

PAYE income details used to calculate tax credits claims

7th May 2014

HMRC has published information on what to do if an employee contacts you because they think the income figure on their tax credit Renewal Notice is wrong. From 6 April 2014, HM Revenue & Customs (HMRC) will use PAYE income information reported in real time to calculate tax credits claims awards. Tax credits claimants’ Renewals Notices... View Article