Payroll - Manual PAYE Course SummaryThis
Certificated Payroll course will teach you the basics of a manual PAYE
system - invaluable if you need to understand how PAYE works or if you're
running your own business and have employees.
Also included is Self
Assessment (tax calculations for the Self Employed)
In this
easy-to-follow payroll course, you will learn:
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How to use HM Revenue and Customs Income Tax and National Insurance
tables
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Various forms required by HM Revenue and Customs
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How to comply with HM Customs' requirements.
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Staff tax records
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Self Assessment
This Course will quickly give you the confidence and skills needed to
tackle Income Tax, National Insurance Contributions and Taxation for the
Self Employed.
Further DetailsIn this Course you will cover:
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Principles of the PAYE payroll system; terminology used to calculate
gross pay; using HM Revenue and Customs tax tables to calculate total
free pay and total taxable pay for a basic and higher rate tax payer;
the use of tax codes when calculating net pay;
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Completing the PAYE entries on a deductions working sheet (Form P11)
for weekly paid employees.
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Completing the PAYE payroll entries on the P11 Form for monthly paid
employees.
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Completing National Insurance entries on a P11 Form for weekly and
monthly paid employees
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Completing a P45 for a leaver
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Self Assessment - how to calculate tax and NI for the Self Employed
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Very practical assignments using tax and NI tables - these are to be
submitted for personalized feedback
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Certificate awarded upon successful completion of the course
