Clearly a poor payroll service can damage staff morale just as an effective one can be a positive benefit, adding value to your company as a whole.
This seminar will be relevant whether your payroll is calculated manually or run on computer.
At the end of the programme, you will be able to calculate the gross to net pay using the tax and NI tables.
Programme1. Introduction to PAYE
How to open a PAYE sheme
An employer's responsibilities under PAYE legislation
2. PAYE basics
HM Revenue & Customs tax districts, and PAYE references
Role of the Inspectors of Taxes
The role of the payroll department
Tax rates and earnings bands
Who is an employee for payroll purposes?
What is 'pay' for PAYE purposes?
Pre-tax and post tax deductions, tax allowances and tax codes
Unusual tax codes including BR, OT, NT and K codes
3. Using the Pay Adjustment Tables to ascertain taxable pay
How to calculate tax due on taxable pay using the Taxable Pay Tables
Dealing with tax refunds
Use of P45 information and how to deal correctly with Form P46
PAYE exercises, testing knowledge acquired in the basics session
4. Review of PAYE exercises
5. National Insurance basics
Who pays NI?
Classes and categories of contributions
What earnings are liable to NI?
What is an earnings period?
Earnings thresholds for both employees and employer and how these affect payroll
6. Calculation of National Insurance Contributions
Standard rate NIC
Reduced rate contributions
Employer only rate contributions
Contracted out contributions
How to calculate NI contributions using both percentage and the table methods
NI on earnings over the upper limit
Interaction of NI and pensions
NI exercises - testing knowledge gained
7. Payment of PAYE and NI to the Collector of Taxes
Calculation of monthly remittance - 2004/2005
Paying the remittance to the Collector of Taxes
Electronic payments
8. Final payroll calculation exercise
Using skills acquired during the day to calculate gross to net pay for five employees
9. Review of final exercise and questions
What previous delegates have said...'Very well executed by Alexandra. She was very helpful and good at explaining problem areas'.
Miriam Blakey, HR Administrator, International Power
'Speaker was excellent and maintained a good pace with clear explanation throughout'
Craig Farmer, Payroll Officer, The British Council
