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National Insurance guidance for software developers (2020 to 2021) 5 August 2020 HMRC has published National Insurance (NI) guidance for software developers for tax year 2020-21. The guidance is made available each tax year, and its purpose is to provide NI calculation methods for payroll software developers. The contents include:
Introduction
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• NICs information for tax year commencing 6 April 2020 • Completing the payroll record (2020-21) • Class 1A NICs on Termination Awards and Sporting Testimonial payments • Description of the differences between calculating NICs • Using the tables and the exact percentage method • Rules for rounding • NICs calculation formulae – exact percentage method • Directors NICs calculation formulae • NICs calculation formulae – tables method
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CIPP Survey: Employer’s National Insurance Contributions holiday for businesses employing veterans 7 September 2020 One of the pledges in the Conservative manifesto 2019 related to “reducing National Insurance contributions for employers if they employ ex-Service personnel.” It has since been confirmed that, from 6 April 2021, any businesses employing veterans will not pay employer National Insurance (NI) contributions on their wages for the first 12 months of their civilian employment. HMRC has published a consultation, which aims to seek clarity on how the government should define the ‘veterans’ that would be eligible for this relief, if there are any employment periods that should qualify and fundamentally, how the new policy should be administered effectively. The CIPP’s Policy and research team will be submitting a formal written response to the consultation and wants to include the opinions of our members. We have, therefore, constructed a survey, which asks for your feedback by asking a variety of questions that delve in to the finer details of how the new policy should be operated. The survey will take approximately 15 minutes to complete, and will remain open for responses until 11:45 PM on 30 September 2020. We understand that payroll professionals are exceptionally busy at the moment, but would really appreciate any time that you can dedicate to answering the survey. This is your opportunity to feed in to a government policy that will shape the work that payroll professionals carry out.
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NINO prefix reminder 8 September 2020
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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