Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5) 23 February 2021
The 2021-22 employer guide to Class 1A National Insurance Contributions (NICs) on benefits in kind, termination payments and sporting testimonial payments has been published on GOV.UK.
The guide explains what employers need to know in relation to Class 1A NICs, and details when Class 1A NICs are due, alongside how they are calculated, reported, and paid.
Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments
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Deferment of payment of Class 1 NICs (CA72A) 16 March 2021
The 2021 to 2022 version of form CA72A has been made available online, alongside guidance notes.
The form should be used to apply to defer payment for the tax year spanning from 6 April 2021 – 5 April 2022 only, and applications can be made either online or by post.
To apply online, a Government Gateway user ID and password are required. A user ID can be created during the application process if an individual does not already have one. To apply by post, the relevant form should be printed, completed by hand, and sent to the address provided on the form.
Alternatively, to allow HMRC to liaise with a third party, signed written consent is required, and a form 64-8 ‘Authorising your agent’ must be completed and submitted.
It is a legal requirement for an employee to meet all of their National Insurance Contribution (NIC) liabilities in all of their employments, unless they have more than one job and expect to pay primary Class 1 NICs on earnings of at least:
• £967 each week (£4,189 each month) throughout the whole tax year in one job • £1,151 each week (£4,986 each month) throughout the whole tax year in two or more jobs
In these scenarios, the employee can request to defer paying a portion of their Class 1 NICs in any other job(s) they have, until HMRC can correctly calculate the amount of NICs due after the end of the following tax year.
Full details are available on GOV.UK.
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National Minimum Wage / National Living Wage
Amendments to National Minimum Wage regulations 3 April 2020
Amendments to legislation have been laid that make technical changes to rules relating to the National Minimum Wage (NMW).
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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