Pegasus Opera 2016 Payroll

4th Friday, 2016  |  News, Uncategorized  |   no comments
Below is a summary of payroll changes for the 2015-16 year-end and the 2016-17 tax year:Tax and NI

  • Rates and thresholds for the 2016-17 tax year
  • Abolition of employer’s NI for apprentices under 25
  • Scottish Rate of Income Tax (SRIT)
  • P60 (End of year certificates) for the 2015-16 tax year.

 

RTI Submissions

  • Full Payment Submission
  • Employer Payment Summary.
  • Student loans – Plans 1 and 2

Payrolling of benefits in kind in real time

  • Most benefits can be included in the payroll in real time rather than on the P11D end-of-year expenses and benefits form.
  • Fuel Type ‘E’ is no longer valid when reporting car benefits on the P11D end-of-year expenses and benefits form.

 

Pensions

  • Female State Pension Age changes
  • Removal of Contracting out of the State Second Pension
  • Holding onto NEST contributions amendments
  • NEST contribution file amendments.

 

Statutory payments

  • Additional Statutory Paternity Pay is no longer payable.

 

Attachment orders

  • New Higher rate Direct Earnings Attachments (DEA)
  • Scottish Earnings Arrestments (EA) and Current Maintenance Arrestments (CMA).