ONLINE LEARNING
POLICY HUB
Payroll for non-payroll professionals
Money purchase annual allowance (MPAA) Q: If an employee informs the company that the MPAA now applies to their pension contributions, is it correct that contributions (employee and employer) are now capped at £4,000 per year? A: Yes, if someone has accessed their pension fund for the first time, the MPAA is triggered, and the individual can then receive tax relief on a maximum of £4,000 of contributions a year. A pension scheme administrator should be contacted for further guidance. Details for inclusion on employee payslips Q: Please could you confirm specifically what details should be included on employee payslips? A: Guidance from HMRC states: “Your payslip must show: l your earnings before and after any deductions l the amount of any deductions that may change each time you’re paid, for example tax and National Insurance l the number of hours you worked, if your pay varies depending on time worked. Employers must also explain any deductions fixed in amount, for example repayment of a season ticket loan. They can choose to do this either on a payslip, or in a separate written statement. This separate statement must be sent out before the first payslip. Employers must update this every year.” The guidance on employee payslips can be located here: http://ow.ly/ qORv50L8zbI. n
Duration Two consecutive half days
This course gives a high- level overview of the day to day obligations of the payroll function, including the fundamentals of payroll, statutory and voluntary payments, and deductions.
What can be classed as a business expense?
what would be the requirements in terms of tax, National Insurance and P11Ds? A: HM Revenue and Customs (HMRC) guidance confirms that if more than the approved amount is paid, the excess should be included on form P11D, or payrolled (if the company is registered to payroll taxable benefits). If the excess is recorded via form P11D, class 1 National Insurance contributions (NICs) must be collected via payroll. If the excess is payrolled, the relevant tax and class 1 NICs should be collected through the payroll. Where the exact amount is paid, there’s no requirement to notify HMRC. If the employee is paid less (or nothing), they’re entitled to a deduction for the shortfall as mileage allowance relief. For further information, please go to: http://ow.ly/ HY0950L8SrX.
Visit cipp.org.uk/training to book your place
Non-members price: £449.00 + VAT Members price: £349.00 + VAT
What details must employers include on employee payslips?
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| Professional in Payroll, Pensions and Reward |
Issue 85 | November 2022
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