PAYE/NIC Problem Areas and Practical Solutions

Objectives

This webinar will update you on changes relevant to the operation of payroll and the reporting and taxation of benefits in kind (BIK’s) and expense payments. At the end of the session you will be ready to conclude the 2024-25 tax year and make a confident start on 2025-26.

Key topics

• Update of the basics – income tax thresholds, rates and limits across the UK, National Insurance contributions for employees and employers
• Changes to payroll processes in 2024/25 and 2025-26. Reporting hours paid – what is involved? Changes to the operation of tronc schemes. Construction industry scheme (CIS) changes in Finance Act 2024
• Changes to the taxation of benefits in kind. Looking forward to payrolling benefits.
• Changes in the taxation of expense payments. HMRC revised guidance on travelling expenses for remote workers and hybrid working patterns
• Employment taxes and payroll processes
• NIC rates and limits
• 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
• Rent paid to the employer
• Student loan thresholds 2025/26
• NI for Employees above state pension age
• Employment allowance
• Small companies: Directors’ salary rates
• Director bonus declared after the year end
• 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
• Reporting salary advances through RTI
• P11D and P11D(b) – electronic only
• Common P11D errors – HMRC employer bulletin
• HMRC App for new employees
• Claims for employment expenses
• Employee addresses
• Neonatal leave and pay
• Benefits in kind and expense payment
• Benefit in kind tax on double cab pickups
• Very low emission cars
• 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

Who should attend

Staff who work directly in payroll and more senior staff supervising this area. Partners and other professional staff who wish to update or refresh their knowledge of this topic.