PAYE Tax
Under the Pay As You Earn (PAYE) system for employment tax and National Insurance it is generally the employer's responsibility to get contributions to HMRC right. This involves a series of compliance procedures and a severe penalty regime, so it pays to get it right first time!
PAYE Tax
This course will enable you to
About the course
This short course looks at the tax calculations involved in operating a Pay As You Earn (PAYE) system and considers the reporting obligations for employers in some key areas.
Working out employment tax and National Insurance Contributions correctly is generally the employer's responsibility and HMRC will penalise those who get things wrong or fail to meet deadlines.
We will help you to understand what employers need to do when taking on employees for the first time and explain what PAYE is and how tax codes work. The course also walks you through how to calculate income tax deductions, meet employer obligations relating to student loan repayments, recognise the tax implications of salary sacrifice schemes and optional remuneration arrangements and work out tax relief for payrolled pension contributions.
