The £1,000 was already subject to tax deductions of £200 and NICs of £120.
A reasonable apportionment could be to apportion £120 to tax (60% of £200 tax) and £72 to NICs (60% of £120 NICs). Therefore, the gross amount for use in statutory payment calculations would be the £600 received + £120 tax + £72 NICs = £792
RTI reporting
The worker’s intermediary should ensure that an FPS is submitted normally, on or before payday.
The FPS will advise HMRC that the gross statutory payments have been made. Even though the figures received by the worker will have been net amounts, this will provide HMRC with the data it requires to apply the usual checks to any statutory payments made.
In line with standard process, an Employer Payment Summary (EPS) also needs to be sent to advise HMRC of the amounts of statutory payments that the worker’s intermediary will reclaim.
*Please note that if a worker pays themselves by dividends only, then no entitlement to statutory payments arises. ** Please note that if a worker received net amounts from their intermediary that were not subject to Class 1 NICs when paid by the deemed employer, then these amounts would need to be discarded
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Statutory Sick Pay (SSP)
Statutory Parental Bereavement Pay (SPBP) and Parental Bereavement Leave (PBL)
Shared Parental Leave and Pay
Student Loans Pensions
Recognised overseas pension schemes notification list 7 April 2021
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.
There have been 24 scheme names added to the list, and two removed. No amendments have been cited in this update.
A very welcome change is that HMRC now list the updates, as follows.
Schemes added
Australia A and R Milburn Super Fund Ajgarni Needham Family Super Fund Caracas Superannuation Fund
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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