TRAINING COURSES
CPD Counts towards
CPDACCREDITED2017
Year end after RTI and update One day duration
CPD Counts towards
Who is this course aimed at? This course is aimed at practitioners who need to understand both the legal requirements and the daily practicalities of handling real time information (RTI), reconciliations, processing of year end and the changes in the new tax year. What will I learn? This course will enable payroll professionals to know what is expected from them at year end, ensure their knowledge is up to date with any new legislation that will impact the payroll function in the following tax year which will enable attendees to meet their obligation and responsibilities. Practical examples and exercises will cover the submission of accurate and timely pay period reports which will be achieved by having efficient procedures and controls in place throughout the year. Reconciling year end balances, adjusting employee tax codes, reviewing parameters for the new tax year and making final payments to the Accounts Office by the April deadline and the processing of an earlier year update (EYU).
Course content l Employers/pension payroll duties under PAYE and RTI m Processing and reporting each pay period l What data is required m New starters and leavers l Four returns under RTI m Full payment submission (FPS) m Employer payment submission (EPS) m Earlier year update ( EYU) m Nino verification request (NVR) l Other returns due m P60 form m P11D and P11Db returns l Reconciliations
l Increase in statutory payments l Overview of shared parental leave and pay l Increase in student loan l Changes in NICs l Introduction of additional NIC tables l Changes to benefits in kind
Course aims On completion, delegates should be able to: l Fully understand their RTI reporting requirements in-year and year end l Process requirements of EYU when corrections are to be made to previous year l Balance and reconcile l Be aware of changes to payroll legislation for 2015 l Understand penalties and fines if errors or fines are identified
m Year to date values m HMRC dashboard
l Discrepancies
m Correcting errors m Software malfunctions m Inadequate actions
l Unusual situations m Opening or closing schemes m Annual schemes m No statutory payments due m Changing schemes l Communicating with HMRC l Penalties l What’s new for the next tax year l Thresholds and tax allowances
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For more information please visit cipptraining.org.uk or email admin@cipp.org.uk
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