HMRC PAYE update 126

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers the launch of a new P46 (Short) for employers, Company Car and Car Fuel Benefit Calculator and Save As You Earn (SAYE) share option schemes.

START OF HMRC UPDATE

New P46 (short) for Employers

HMRC launch new P46 (Short) for employers

Following feedback from employers HMRC has created a single page version of form P46 called P46 (Short) which enables employers to collect necessary information from new employees who do not have a P45.

Company Car and Car Fuel Benefit Calculator

Company car and car fuel benefit calculator updated

HMRC has updated the company car and car fuel benefit calculator to reflect the increase in the car fuel benefit multiplier from 6 April 2012.

Save As You Earn (SAYE) share option schemes

Change in bonus rates for SAYE share option schemes

Changes are being made effective from 1 August 2012 to bonus and interest rates for Save As You Earn (SAYE) share option schemes (sometimes referred to as 'Sharesave').

Technical Team 

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