Legislation FAQs: KB Payroll - IRIS KashFlow https://www.kashflow.com/support/kbp-category/legislation/legislation-faqs/ Accounting & Payroll | Free Trial - No Card Required‎ Wed, 04 Nov 2020 10:17:19 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.3 https://www.kashflow.com/wp-content/uploads/2019/11/kashflow-icon-2.png Legislation FAQs: KB Payroll - IRIS KashFlow https://www.kashflow.com/support/kbp-category/legislation/legislation-faqs/ 32 32 Furlough Extension – Everything you need to know https://www.kashflow.com/support/kbp/furlough-extension-everything-you-need-to-know/ Wed, 04 Nov 2020 10:17:19 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=84953 Further to the Government’s announcement on Sunday 1st November, regarding the extension to the Furlough scheme, we would like to keep you informed on how we will be supporting you. What are the latest changes? The Furlough scheme has been extended.  The rules for Furlough claims will be the same as those processed in August: […]

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]]> COVID-19 Job Support Scheme Payroll Processing Changes https://www.kashflow.com/support/kbp/covid-19-job-support-scheme-payroll-processing-changes-01-11-20/ Fri, 16 Oct 2020 09:24:31 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=84921 Coronavirus Job Retention Scheme The Coronavirus Job Retention Scheme (CJRS) or Furlough Scheme ends on the 31st October 2020. The scheme will be replaced by the Job Support Scheme and the Job Support Scheme Expansion. Job Retention Bonus For every eligible employee you furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS) and […]

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]]> Legislation Rates and Allowances for Tax Year 2020/2021 https://www.kashflow.com/support/kbp/legislation-rates-and-allowances-for-tax-year-2020-2021/ Sun, 15 Mar 2020 14:35:06 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=84434 Please note, whilst every effort has been made to ensure this information is correct, please check with HMRC if unsure. Income Tax Tax Bands rest of UK Rate Band(£) 20% 0 – 37,500 40% 37,501 – 150,000 45% Over 150,000   Tax Bands Wales Rate Band(£) 20% 0 – 37,500 40% 37,501 – 150,000 45% […]

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]]> How do I notify my Pension Provider an employee has opted out? https://www.kashflow.com/support/kbp/i-notify-pension-provider-employee-opted/ Thu, 23 Aug 2018 14:55:05 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81744 It is the employee who must contact the pension provider to inform them they wish to opt-out and get an “opt-out notice“. This opt-out notice will then be passed to the company for action in payroll, either via the employee or directly from the provider. The following contains more detailed information from The Pensions Regulator: Before a […]

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]]> What to do if you have no NI number for new starter https://www.kashflow.com/support/kbp/no-ni-number-new-starter/ Thu, 23 Aug 2018 14:50:38 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81742 The lack of an NI number on an employee record will not prevent you from sending an FPS. If you do have a new starter and no NI number make sure you complete the rest of the personal details accurately as HMRC will use these to confirm the NI number with yourselves. If you include an employee […]

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]]> No P60’s produced for leavers https://www.kashflow.com/support/kbp/no-p60s-produced-leavers/ Thu, 23 Aug 2018 14:46:52 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81741 At the end of the tax year none of the leavers in KashFlow have had a P60 produced. This is correct. Only active employees at the end of the tax year will get a P60. For any leavers during the tax year the P45 issued at the time of leaving replaces the P60.

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]]> NI Rate X is showing on employees P60 https://www.kashflow.com/support/kbp/ni-rate-x-showing-employees-p60/ Thu, 23 Aug 2018 14:44:28 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81740 HMRC expects an X code to be entered if the employee’s earnings are below the Lower Earnings Limit (LEL) for national insurance, irrespective of the national insurance code allocated to the employee.

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]]> Small Employer Relief: Statutory Payment Recovery & Compensation https://www.kashflow.com/support/kbp/statutory-payment-recovery-compensation-rules/ Wed, 22 Aug 2018 15:14:39 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81726 Small Employer Relief Status A companies small employer relief status will dictate what they can claim from HMRC when paying employee statutory payments. A company would qualify for small employers relief if the total NIC (National Insurance Contributions) bill (Ee’s + Er’s) for the previous tax year is less than £45,000. If the total NIC […]

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]]> How do I process a Week 53? https://www.kashflow.com/support/kbp/i-process-week-53/ Wed, 22 Aug 2018 09:10:19 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81722 Week 53 If you run a weekly payroll you might find you need to complete an additional period after week 52 to finish your PAYE tax year. If your normal repeating pay date falls on the 5th April you have to complete the additional period for your tax year to be complete. When it is a leap […]

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]]> How to set Directorship & Directors NI Calculation https://www.kashflow.com/support/kbp/directors-ni-calculated/ Wed, 22 Aug 2018 08:58:09 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81720 Directors If the employee is or has been, a director since 6th April then KashFlow Payroll needs to know the date that the directorship started (and ended if in the current Tax Year) and the NIC Calculation Method (National Insurance Contributions).  A director can choose to have their NICs calculated in one of two ways: […]

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]]> What is a Week 1 / Month 1 Tax Code? https://www.kashflow.com/support/kbp/week-1-month-1-tax-code/ Tue, 21 Aug 2018 15:00:54 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=81719 What is a week 1/ month 1 tax code? How is this calculated differently from a normal tax code? When you use the option week 1/ month 1 with a tax code the software will calculate an employees tax based only on the taxable pay they receive in that pay period and their tax-free allowance for that […]

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