Basic Tax and NIC
One day workshop (Ref: PNB08w) :: Price - £397 + VATBook & pay for any 2009 one-day course before 12th Dec 2008
and receive a £30 discount per delegate.
Delegates limited to 12
Part of the Payroll Technician course which can lead to a professional payroll qualification.
Workshop Aims
The ability to calculate a payroll manually is an essential skill for everyone working in payroll. It is essential that people in payroll can understand what the computer is actually doing, and be able to check that it is doing it correctly. In addition these people need to meet the demands of estimating an employee's net pay in advance, paying a mid-period leaver, and have the ability to explain to employees the meanings of the various entries on a payslip.
The aim of this practical one-day workshop is to enable each delegate to understand the requirements of the UK tax and NICs system, to be competent in completing a manual payroll calculation from gross pay to net pay and be confident to produce a payslip.
This workshop uses an easy, step-by-step approach, ensuring that each delegate learns by example and practice how to use the various tax and NICs tables, how to complete the different forms for employees who are starting or leaving employment, and how to handle the regular payments and deductions required.
Who would benefit?
This workshop has been designed to meet the needs of those with little or no experience of current UK payroll practice. They may be
- completely new to payroll,
- returning to payroll after a couple of years break,
- experienced using a computerised payroll but have little or no manual experience,
- simply providing absence cover, or
- HR or Personnel staff providing advice to colleagues.
Course Content
How the UK Tax and NIC system works
- Understanding the key dates in the tax year
- Paying the Collector of Taxes
- Rates of tax and NICs
- Personal allowances
- Tax and NIC thresholds
- Importance of NI numbers
Gross Pay
- What gross pay is and what additions to pay there might be
- What deductions from pay are allowed before tax
- What elements of pay are treated differently for tax and NICs
Pay and Earnings Periods
- The effect on tax and NICs when employees are paid weekly, fortnightly, four-weekly and monthly and how to use the tax calendar correctly
Calculation of Tax
- What a tax code is and how it is derived
- The difference between a cumulative and non-cumulative basis (week1/month1)
- How HMRC notifies code changes
- How to use Pay Adjustment and Taxable Pay tables
Calculation of National Insurance
- What is an NIC Table letter, how they are derived and their impact on the calculation of NI and pension arrangement
- How to select and use the three main NICs tables to calculate NICs
New employees and Leavers
- The importance and completion of forms P45, P46 and P38S in setting up new employees, what needs to be checked on the P45 and how to complete these forms
- Complying with the Asylum & Immigration Act
- The forms that need to be completed
Calculations
- Step-by-step calculations of tax and NI with examples and exercises
- Preparation of a manual payroll with tutor assistance
The makeup of a payslip, what has to be entered in order to meet legal requirements
What each delegate will receive:
- Tutor-led easy-to-follow practical training
- Valuable comprehensive workshop reference manual
- Unique handouts and exercises
- Professional CPD certificate of participation and attendance
- Refreshments and lunch
After the workshop:
- Free telephone helpline
- Free email newsletter
- Free web access to payroll tools and Resources
At the end of the workshop, delegates will be:
- Complete a simple payslip having calculated tax and NI manually
- Deal with the regulatory documentation for starters and leavers
- Explain to employees how HMRC have arrived at their tax code
- Explain the importance of arriving at the correct NI table letters
