Now availble face to face and online
This focused update course represents the single best opportunity to be briefed and updated on changes affecting payroll.
Employer NICs reliefs HMRC’s SOFTWARE developer support team has issued guidance for software developers on the class 1 National Insurance contributions (NICs) reliefs available for employers of veterans and also for the businesses located within Freeports. ● Veterans – Although the relief for employers of veterans has been available since 6 April 2021, a real time Information (RTI) solution is only being introduced from 6 April 2022. The relief is available on earnings up to a newly created veterans upper secondary threshold (VUST), which will be in alignment with the upper secondary threshold (UST). Employer NICs of 13.8% are applied to earnings above this level. Employers must place employees on NICs category letter V to claim the relief in real time. If there are any employees who would ordinarily have a different NICs letter (e.g. B, T, C, W, J, Q) then they should be placed on the standard code, and the employer must liaise with HMRC at the end of the tax year to arrange a manual process for the NICs relief to be claimed. ● Freeports – From 6 April 2022, there will be an employer NICs relief for businesses situated within Freeport locations. The RTI solution will be in place in time for the policy’s introduction, with four new NICs letters created, as follows: ❍ F – standard category letter ❍ I – married women and widows entitled to pay reduced rate NICs ❍ S – employee above state pension age ❍ L – employees who defer NICs. The employer NICs relief will be available on employee earnings up to the Freeports UST, and above this amount, employer NICs of 13.8% will apply. To be eligible, employees must be new hires following April 2022 and must not have worked for that employer in the previous 24 months. They must also spend a minimum of 60% of their working time within the Freeport tax site. EPS changes from April 2022 THE EMPLOYER payment summary (EPS) is changing from April 2022. Construction industry scheme (CIS) claims that are over the value of £0.00 will require an associated corporation tax (CT) unique taxpayer reference (UTR) to be added to a new data field. Validation will operate so that if a CT UTR is not recognised, the EPS may be rejected. It will also mean that if there is no eligibility to make set-off claims under the CIS in that tax year the EPS can be rejected. Employer Bulletin THE AUGUST 2021 issue of HM Revenue & Customs’ (HMRC’s) Employer Bulletin (https://bit.ly/3yPVbi3) includes a wide range of information, including content about off-payroll working (IR35). The Bulletin reveals that the check employment status tool now has links from certain questions to HMRC’s new webchat so users can talk to an advisor if they are having difficulty answering a question.
Duration Two consecutive half days (online)
CPD 7 points
This course covers: The Coronavirus Job Retention Scheme (CJRS) and other developments as a result of Covid-19 Tax and NI contributions Operating Pay As You Earn (PAYE) Statutory pay and leave Statutory deductions Expenses and benefits Pensions Employment rights and other matters
ONLY £192+VAT * FOR MEMBERS
Non-members price: £384.00 + VAT *
Visit cipp.org.uk/training to book your place.
5 September 6 September
Last day of tax month 5
First day of tax month 6
Last day for submitting a real time information employer payment summary to apply to tax month 5 Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic method. Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by electronic method.
* Online pricing only. Face to face pricing and duration will differ.
Last day of tax month 6
Last day of tax month 7
*price correct at time of print
| Professional in Payroll, Pensions and Reward | September 2021 | Issue 73 20
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