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
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
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
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').