Displaying items by tag: Tax rates

Wednesday, 05 February 2020 11:59

Payroll: What we know for 2020/21

It’s been a tense few weeks for payroll software developers and tax agents who are trying to prepare employers for the new tax year. The software development cycle for the last 18 years has worked on the basis of having key pieces of tax information announced as part of an autumn statement, rather than being left to a spring budget.

This year was very different. When parliament was dissolved in November 2019, the civil service went into a period of election purdah until mid-December which prevented any discussions about next tax year taking place with policymakers.

If we’d had an early February budget, the timetable for revising software would’ve been tight, but just about deliverable. However, a Budget on the 11 March presents a problem.



Source: https://www.accountingweb.co.uk/tax/hmrc-policy/payroll-what-we-know-for-202021?utm_medium=email&utm_campaign=AWUKPOW050220&utm_content=AWUKPOW050220+CID_1b1c3d68e35b3689bdc21d6ab20be165&utm_source=internal_cm&utm_term=Read%20more

Published in Accounting