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PAYE: PAYE Settlement Agreement (PSA1) 6 September 2018
PAYE: PAYE Settlement Agreement (PSA1)
Use form PSA1 to tell HMRC the value of items included in your PAYE Settlement Agreement. A PAYE Settlement Agreement (PSA) allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your employees. If you have a PSA you won’t need to put these items through your payroll or include them in your end of year P11D. A new version of the form PSA1 has been developed and should be used for tax year 2018 – 2019 and onwards. Use form PSA1 to help you calculate the overall amount you’ll need to pay. If you don’t, HMRC will calculate the amount and you could be charged more.
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Staff productivity shifts up a gear through popularity of cycle to work schemes 12 September 2018
Recent research shows that levels of depression among cyclists is 25% lower – supporting a healthier, more engaged and more productive workforce
HR Review reports that to celebrate this year’s Cycle to Work Day, Britain’s Healthiest Workplace – an annual survey developed by VitalityHealth and delivered in partnership with the University of Cambridge and RAND Europe – has revealed that three quarters (75%) of employers are taking advantage of cycling’s popularity and are offering a bicycle purchase scheme.
The uptake of cycle to work schemes now more popular than ever – with one in three Brits who have access to the scheme getting back in the saddle.
The survey, which studies the link between lifestyle behaviours, health risks and productivity – revealed that employees who cycle regularly are also seeing health and work-related benefits, including: • Those who cycle regularly suffer less work impairment. A comparison of cyclists with those who were inactive found that those who did not cycle lost, on average, six additional days per year of productive working time due to ill-health related absence and presenteeism. • Those that cycle cut the likelihood of being in the obese weight range by half. • Levels of depression among cyclists are approximately 25% lower than the inactive group. • 20% of cyclists have a high life satisfaction score, compared with 15% of others. “For too long, the link between employee lifestyle choices, their physical and mental health, and their work performance has been ignored. Our data demonstrates a clear relationship – employees who make healthier lifestyle choices, such as cycling, exhibit higher levels of work engagement and lower levels of stress. “As a result, effective workplace health and wellbeing solutions, such as cycle to work schemes, can deliver tangible improvements in employee engagement and productivity, and make a significant impact on an organisation’s bottom line.” Shaun Subel, Director of Corporate Wellbeing Strategy at VitalityHealth, said:
The sectors in the slipstream
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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