UK Payroll Part 1 - Income Tax and National Insurance
Manually calculating Income tax and National Insurance is a core skill required of all payroll professionals.
There are many reasons why it may be necessary to use this skill, from competently answering pay queries from employees; or even checking your own payslip, to retrospective calculations where errors may have occurred.
Live webinar
English
4hr
£ 425
* discount for SD Worx customers (will be calculated in the next steps)Goal
After this webinar, you will:
- Gain an understanding of the UK operation of PAYE for Income Tax and National Insurance contributions
- Be able to understand how Income Tax and National Insurance are calculated
Target audience
- Employees new to the payroll profession
- Anyone wishing to refresh or update their knowledge. Changes are applied each year and may be slightly different from when originally learned
Approach
This live webinar will provide clear examples of every stage of the process as well as the opportunity to consult with the host.
Programme
- The different stages required in the build-up to gross pay and identifying what elements are Taxable, and what elements are subject to National Insurance
- Defining lawful and unlawful deductions
- The different tax regimes for Income Tax in England & Northern Ireland, Scotland and Wales
- Understanding Tax codes
- Manually calculating tax using HMRCs Tables A and Tables B to D
- The 20 different National Insurance Categories
- National insurance rates and thresholds
- Manually calculating National Insurance using the exact percentage method
Practical information
Price
£ 425 Prices excluding VAT.Info
Price
£ 425 Prices excluding VAT.No available dates?
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