Basic Payroll Management
Basic Payroll Management
OBJECTIVES
- Delegates will have received a practical overview of the tax and NICs system and be confident to calculate tax and NICs manually.
- Each delegate will be provided with a course manual that will help them understand the mechanics of how tax & NIC is calculated.
WHO SHOULD ATTNED?
- with little experience of payroll practice.
- may have experience using computerized payroll.
- may be completely new to payroll or returning to payroll after a couple of years
- it will also be of value to accounts and personnel/HR staff who have some responsibility for the payroll operation, or who simply provide absence cover
COURSE OUTLINE
Introduction to PAYE & Tax
- The concept of PAYE
- Employers’ responsibilities in relation to PAYE
- How a tax code is derived and the purpose of tax codes
- Tax periods and the tax calendar
- Identifying earnings subject to Tax
National Insurance
- Identify payments subject to NIC
- Categories of NI contributions
- NIC Thresholds
- Manual calculation of NI Contributions
Statutory Deductions
- Calculating the correct “Pay Adjustment” for different tax codes.
- Correct use of Tax Table
- Combining manual calculations for Tax and NIC
- Completing a pay-slip
- Completing forms P45, P46 & P38S for starters and leavers