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Home / Webinar / Employment Taxes - Update and Refresher

Pricing

2020 Member: Included with 2020 Membership

Non member £199.00 + VAT

Presenter

Rebecca Benneyworth

About Rebecca
Book now

What's Included

  • Expert Knowledge from an Industry-Leading Speaker
  • Verifiable CPD hours
  • CPD Tracking and Certificate
  • Live Webinar (if a future date is listed) with Q&A
  • The Recording of the Event
  • Supporting Materials

Objectives

The webinar will look at all of the changes relevant to employment taxes and payroll services for the coming tax year.

Key topics

  • National Insurance Class 1 – changes and points to watch for 2024/25
  • Income tax and PAYE changes for the coming tax year
  • Other payroll areas – Student loan deductions, National Minimum wage and others
  • Administrative changes affecting those dealing with payroll
  • Taxation of benefits and expense payments – changes and key danger points

Employment taxes and payroll processes

  • NIC rates and limits
  • The rate on earnings in excess of £50,270 remains 2%
  • NIC category letters to use
  • NI relief – employment of armed services veterans
  • Tax thresholds and rates
  • Scottish income tax rates – Budget proposals
  • Welsh income tax rates – Budget proposals
  • Rates of National Minimum wage and living wage
  • Student loan thresholds 2024/25
  • NI for Employees above state pension age
  • Employment allowance
  • Small companies: Directors’ salary rates
  • Duplicate employments – advice on how to avoid this
  • Pension contributions – payroll errors
  • Variable direct debit for PAYE & NIC
  • Time to pay arrangements for PAYE liabilities
  • NIC rate change in January 2024
  • Reporting salary advances through RTI
  • P11D and P11D(b) – electronic only
  • HMRC App for new employees
  • Claims for employment expenses
  • Employee addresses
  • Updated guidance – payment of tips
  • Latest version of PAYE Tools
  • Abolition of payment booklet for PAYE payments
  • Termination payments – change in practice
  • Forward look

Benefits in kind and expense payment

  • Benefit in kind tax on double cab pickups
  • Very low emission cars
  • 2025 to 2028
  • Fuel in company cars
  • Standard van and fuel benefit
  • Beneficial loan rate
  • Statutory mileage rates (AMAPs)
  • Fuel only advisory rates – effective 1 March 2024
  • Benefits in kind – pensions advice
  • Household expenses – working from home
  • Exemption for reimbursed expenses and related benefits
  • Reimbursement at HMRC recommended rates
  • Reimbursed charging costs for company electric cars
  • Company car allowances – NI treatment
  • Trivial benefits provided by an employer
  • Future change – mandatory payrolling

Who should attend

Partners and staff who are involved in providing payroll services to clients or wish to update their knowledge of this area.