Introduction to Income Tax and NICs TRAINING COURSE / PAYROLL ESSENTIALS
KEY INFO
Study level Payroll essentials
Duration 2 consecutive half days for online option 1 full day for face-to-face option
PAYE Income Tax and National Insurance contributions (NICs) are the largest source of remittances all employers must accurately deduct and forward to HM Revenue and Customs on time. Calculating these correctly is a fundamental skill for everyone in pay.
Delivery method Virtual classroom or face- to-face options
Beginning with calculating gross pay and establishing the different categories of deductions, this course covers in-depth the rates, thresholds and methodologies for manually calculating Income Tax and NICs using both manual and table methods. By the end of the course, you will be able to perform a gross to net calculation, understand the extra considerations required for calculating pay for starters and leavers and the information required on a pay statement.
Career level Payroll administrators
Aimed at For payroll administrators, payroll coordinators, human resource administrators or coordinators and payroll supervisors.
Course content ● Ascertaining gross pay ● Processing deductions ● NI categories ● Calculating NICs ● Identifying different tax codes ● Calculating Income Tax ● Completing gross to net calculations ● Awareness of payslip obligations ● Administering starters and leavers correctly
Entry requirements This course is an introduction to manual tax and National Insurance calculations, however, some familiarity with payroll processing is required. We also recommend you have a basic understanding of the payroll function. What next? Continue your learning with Essential Additions to Payroll Basics (page 34) or Introduction to Statutory Payments (page 35) courses.
CPD 7 points
In-house delivery available Call 0121 712 1000 for details
You may be working in either a payroll bureau, accountancy firm or in-house payroll team.
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A subsidiary of the Chartered Inst ed Institute of itute of Payroll Professionals ofessionals
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