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> HMRC Payroll Compliance changes
HMRC Payroll Compliance changes
[For AccountEdge Plus and AccountEdge Network Edition users only]
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Abolition of Employer National Insurance Contributions for Under 21s
From April 2015 most employer NI Contributions are being abolished for employee aged under 21. HMRC have introduced new NI Table Letters which will be used fwhen calculating NI employee and NI employer contributions for these employees. Four new categories have been created for the NI Table Letters:
I - Under 21 standard contracted - out
K - Under 21 deferred contracted-out
M - Under 21 standard not contracted - out
Z - Under 21 deferred not contracted - out
The categories listed above can only be applied to employees between the ages of 16 and 21 years.
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Statutory Shared Parental Pay, Additional Statutory Paternity Pay and Ordinary Statutory Paternity Pay.
From April 2015 Statutory Shared Parental Pay is replacing Additional Statutory Paternity Pay and Ordinary Statutory Paternity Pay is being renamed Statutory Paternity Pay. For the new payroll year, the ShPP (Statutory Shared Parental Pay) Wage and the ShPP Employer Expense category will be created and the Statutory Paternity Pay Wage category will be renamed Statutory Paternity Pay and the OSPP Recovery employer expense will be renamed SPP Recovery.
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'Transferable tax allowance for married couples'
Two new PAYE tax code suffixes, M and N have been added to the Tax Code field and can be used for payroll 2016 and later. These new PAYE tax code suffixes, M and N will be used by HMRC when operating the 'Transferable tax allowance for married couples'. This is a new tax allowance being introduced from April 2015. HMRC will issue tax codes with these suffixes for qualifying employees.
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