Legislation: KB Payroll - IRIS KashFlow https://www.kashflow.com/support/kbp-category/legislation/ Accounting & Payroll | Free Trial - No Card Required‎ Tue, 19 Dec 2023 18:24:47 +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: KB Payroll - IRIS KashFlow https://www.kashflow.com/support/kbp-category/legislation/ 32 32 NI Rates 2023/24 https://www.kashflow.com/support/kbp/ni-rates-2023-24/ Tue, 19 Dec 2023 18:20:54 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86374 Following the Autumn Statement by the Government, a reduction to most NI rates was introduced from January 6th 2024 This included a new blended rate for Directors Further Information can be found here:  Changes to National Insurance contributions from 6 January 2024 – GOV.UK (www.gov.uk) Rates:

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]]> Scenarios in which KashFlow Payroll Cannot accurately set the contribution rate https://www.kashflow.com/support/kbp/scenarios-in-which-kashflow-payroll-cannot-accurately-set-the-contribution-rate/ Tue, 03 Oct 2023 09:12:04 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86362 Unfortunately, because of the complexities of the new calculation to set the Employee Basic Contribution rate, there are 2 scenarios where KashFlow Payroll cannot guarantee the correct Employee Basic Contribution Rate. The following scenarios will require a payroll user to double check the figures, and manually amend the Employee Basic Contribution rate where applicable Employee […]

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]]> Employee who joined NHS Pension post April 2023 https://www.kashflow.com/support/kbp/employee-who-joined-nhs-pension-post-april-2023/ Tue, 03 Oct 2023 08:27:21 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86359 The following applies to: Normal Staff – paid for a single post –  Employee type 1 Doctor – Assistant/Retainer (Practice is pension provider) – Employee type 5   If an employee has been added to the NHS Pension Scheme post April 6thst 2023, the Employee Basic Contribution rate will be set as follows: The system […]

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]]> New GP Payroll Report https://www.kashflow.com/support/kbp/new-gp-payroll-report/ Tue, 03 Oct 2023 08:17:58 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86356 A new report has been introduced to KashFlow Payroll which will show the contribution rate changes. The report is called Pension Rate Summary, and can be printed from:  Reports | GP Pension Reports | Pension Rate Summary Users will also be prompted to print the report when finalising the last payroll run of September.   […]

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]]> Existing Members of NHS Pension Scheme 22/23 https://www.kashflow.com/support/kbp/existing-members-of-nhs-pension-scheme-22-23/ Mon, 02 Oct 2023 13:11:48 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86351 For Employees who have been in the NHS Pension scheme prior to April 6th 2023: 1.      The system will check the annual rate of pensionable pay for the tax year ending 2022/23 2.      For full time employees, this will be obtained from the following: Full Time Employees: Field 19 of the […]

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]]> New NHS Pension Tiers and Contributions (Scotland) https://www.kashflow.com/support/kbp/new-nhs-pension-tiers-and-contributions-scotland/ Mon, 02 Oct 2023 13:01:56 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86350 New Pension Rate to be used from 1st October 2023 are as follows: Scotland (TABLE 1) Used in respect of members in pensionable employment on the last day of the previous scheme years and the first day of the current scheme year. Tier Pensionable Pay used to determine contribution rate £ Contribution rate (%) 1 […]

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]]> https://www.kashflow.com/support/kbp/86242-2/ Tue, 20 Jun 2023 14:58:30 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=86242 We have recently updated the pension tiers for the NHS Pension Scheme for England/Wales for 2023/2024 following the changes announced recently; the changes to the pension tiers apply from 1st April 2023. In addition to this, the AfC Pay Awards have also been announced, also with the instruction to backdate to 1st April 2023. Please […]

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]]> Employee Basic Rate instructions if an employee has a salary increase on or after April 1st, 2022 https://www.kashflow.com/support/kbp/employee-basic-rate-instructions-if-an-employee-has-a-salary-increase-on-or-after-april-1st-2022/ Thu, 13 Oct 2022 15:48:48 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85998 If an employee has received a salary increase in the new tax year 2022\23, the Employee Basic Contribution rate that the system has set will need to be checked and amended if necessary. Example: The pensionable Earnings for an employee for the year ending 21/22 were £16,700 This means the system would set the Contribution […]

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]]> New GP Payroll Report – Pension Rate Summary https://www.kashflow.com/support/kbp/new-gp-payroll-report-pension-rate-summary/ Wed, 21 Sep 2022 09:10:32 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85978 A new report has been introduced to KashFlow Payroll which will show the contribution rate changes. The report is called Pension Rate Summary, and can be printed from:  Reports | GP Pension Reports | Pension Rate Summary Users will also be prompted to print the report when finalising the last payroll run of September.   […]

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]]> Scenarios in which KashFlow Payroll cannot accurately calculate the Employee Basic Contribution rate https://www.kashflow.com/support/kbp/scenarios-in-which-kashflow-payroll-cannot-accurately-calculate-the-employee-basic-contribution-rate/ Wed, 21 Sep 2022 09:01:21 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85977 Unfortunately, because of the complexities of the new calculation to set the Employee Basic Contribution rate, there are 2 scenarios where KashFlow Payroll cannot guarantee the correct Employee Basic Contribution Rate. The following scenarios will require a payroll user to double check the figures, and manually amend the Employee Basic Contribution rate where applicable Employee […]

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]]> Procedures – Existing Members of the NHS Pension Scheme https://www.kashflow.com/support/kbp/procedures-existing-members-of-the-nhs-pension-scheme/ Wed, 21 Sep 2022 08:04:52 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85972 For Employees who have been in the NHS Pension scheme prior to April 6th 2021: 1.      The system will check the annual rate of pensionable pay for the tax year ending 2021/22 2.      For full time employees, this will be obtained from the following: Full Time Employees: Field 28 of the […]

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]]> Procedures – New Members of the NHS Pension Scheme post April 6th 2022 https://www.kashflow.com/support/kbp/procedures-new-members-of-the-nhs-pension-scheme-post-april-6th-2022/ Wed, 21 Sep 2022 07:16:27 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85970 The following applies to: Normal Staff – paid for a single post –  Employee type 1 Doctor – Assistant/Retainer (Practice is pension provider) – Employee type 5   If an employee has been added to the NHS Pension Scheme post April 6thst 2022, the Employee Basic Contribution rate will be set as follows: The system […]

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]]> New NHS Pension Tiers and Contributions https://www.kashflow.com/support/kbp/new-nhs-pension-tiers-and-contributions/ Wed, 21 Sep 2022 07:09:10 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85964 New Pension Rate to be used from 1st October 2022 are as follows:   Please note, at the time of the release of Kashflow Payroll version 1.7.7 (20/09/2022) – NHS Scotland and Northern Ireland are yet to confirm their finalised rates and contributions. We have based the rates on initial indications these agencies provided during […]

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]]> NHS Pension Changes from October 1st 2022 https://www.kashflow.com/support/kbp/nhs-pension-changes-from-october-1st-2022/ Wed, 14 Sep 2022 11:45:14 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85952 Changes to NHS Pension Scheme are required from 1st October 2022.  The main purpose of the changes include using actual pensionable pay instead of Whole Time Equivalent to set pension rates, and changing the pay tiers on which pension rates are determined.  These changes were originally planned to be implemented in April 2022 but were […]

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]]> 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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]]> KashFlow Payroll Release 1.5.1: Furlough Update https://www.kashflow.com/support/kbp/kashflow-payroll-release-1-5-1-furlough-update/ Fri, 10 Jul 2020 04:43:31 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=84752 Welcome to KashFlow Payroll Release 1.5.1. This update of the software concerns the support for the latest changes to furlough legislation from HMRC in KashFlow Payroll, making it easier to calculate what you can claim back from the government, using the Coronavirus Job Retention Scheme.   Further information can be found here.   The Coronavirus Job Retention Scheme has been […]

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]]> KashFlow Payroll 1.4.9 Release Notes https://www.kashflow.com/support/kbp/kashflow-payroll-1-4-9-release-notes-furlough-pay/ Tue, 28 Apr 2020 13:45:14 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=84672 Welcome to release 1.4.9. This update of the software includes some new features and enhancements relating to the processing of furlough payments: Add furlough pay and associated top-ups to a payslip: use the furlough top-up payslip item Record furloughed dates for an employee Create a claim for furlough pay: setup a claim period view and […]

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]]> Legislation Update March 2020 – Release Notes https://www.kashflow.com/support/kbp/legislation-update-march-2020-release-notes/ Sun, 22 Mar 2020 19:26:05 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=84462 Welcome to your software update for Tax Year 2020/2021. This update of the software includes some new features and enhancements, together with any necessary legislative changes.  These notes provide information on all the improvements to the software. For details of changes to Rates and Allowances, click here. P60 changes and delivery via ESS, details below […]

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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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