Employment and payroll taxes

Overview

The Pay As You Earn (PAYE) system for employment tax and National Insurance (NI) is designed to make life easier for employees, because it is generally the employer's responsibility to get contributions to HMRC right. For the employer, there is a series of compliance procedures, which they must adhere to, and a severe penalty regime in operation if they fail to satisfy their employment tax obligations.

As an accountant or finance professional, it is important to understand, for tax purposes, how to determine an individual's employment status, how to operate PAYE, and the implications of the expenses and benefits-in-kind regime.

This course covers all these areas and more, giving a broad understanding of how employment tax works. Employment and Payroll Taxes is a useful reference tool for both employers and employees, as well as accountants in both practice and industry. By the end of the course, you will have a good understanding of the basic principles of employment tax, enabling you to approach the subject with confidence in your accounting or finance role.

This course will enable you to:

• determine whether someone is employer or self-employed and their different tax obligations
• understand the reporting requirements and timescales that employers must adhere to
• recognise the tax and National Insurance implications of paying and receiving some of the more common types of expenses payments
• deal with popular Benefits in kind (BIK) for tax purposes.

Key information:

• learn at your own pace
• help meet your annual CPD requirements
• exclusive member benefit – 10% discount
• iPad/Android compatible.

Helping accountants grow