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student loan
RTI and the Starter Declaration – UPDATE 06 April 2013
We are returning to the issue of the revised starter process that HMRC are advising that employers operate under RTI. At The Learn Centre, we have provided payroll professionals with the necessary day-to-day information that they will need to ensure that HMRC are provided with the required details to meet their RTI obligations. Accordingly, we [...]
RTI and the Starter Declaration – UPDATE 2
The Learn Centre has tried in recent months to provide employers with the practical day-to-day information that payroll professionals need to ensure they meet their RTI obligations. As such, we have twice provided information about the essential Starter Declaration process that is required for all new employees. This is so that HMRC are aware of [...]
When is a RTI46 a Starter Checklist?
Come the advent of RTI, a Starter Declaration is required of all new employees, regardless of whether or not they bring a P45 with them. The intention of the Declaration is so that the relevant employment, tax and Student Loan information can be obtained to allow this to be declared on the RTI submission at [...]
RTI – The Starter Declaration and the RTI46
UPDATE 12 NOVEMBER 2012 The RTI46 no longer exists and the link to the Starter Checklist from HMRC’s Website now reads: starterchecklist.pdf Last week we reported about the creation of the ‘Starter Checklist’ or RTI46. This is the third ‘P46’ this tax year and was designed, apparently, after consultation with representative bodies to help [...]
RTI – Another P46
UPDATE 12 NOVEMBER 2012 The RTI46Expat no longer exists and the link to the Expat Starter Checklist from HMRC’s Website now reads: expatstarterchecklist.pdf We came across another P46 last week – the RTI46Expat, or the Expat Starter Checklist. This is another form which can be stored electronically and could be used by an employer [...]
RTI – The Employer Payment Summary (EPS)
Two weeks ago, we concluded looking at the Full Payment Summary (FPS). This week, we look at the Employer Payment Summary (EPS). The FPS and EPS are likely to be the two most common RTI submissions that an employer is required to make. At the time the employees are paid, or before, RTI requires the [...]
Student Loan Threshold
The Government’s intention is to increase the repayment threshold from £15,000 to £21,000 in April 2016, the date when most students who commence a three-year degree course in September 2012 will first become liable to make repayments. Although we have mentioned this before in our Newsletter, Regulations are now in force which: Increase the Student [...]
Latest issue of HMRC’s Employer Bulletin published
The September 2011 issue of Employer Bulletin is available to download. The latest news and reminders for employers is available in the September 2011 issue of HMRC’s Employer Bulletin. Among the topics discussed are: the new Enhanced Recognition Scheme for Commercial Payroll Software an update of Real Time Information payment issues affecting employers of all [...]
Unexpected student loan notices
Employer procedures on receiving inappropriate SL1 start notices. The following is an extract from the latest weekly informal update (dated 16 September) from HMRC to employer representatives. HMRC is starting a programme of work to align employer and employment information held on our systems. Specifically within the Collection of Student Loans environment: Those employers who have employees [...]
Consultation on early repayment of student loans
The Government proposes to penalise students whose circumstances allow them to repay their loans early. The existing repayment rules for student loans allow any student, at any time, to pay more than is required under their loan agreement. This may be possible, for example, because the borrower obtains a high-paying job and voluntarily repays more, [...]
Student loan deduction threshold increase from April 2012
Retail Prices Index in March 2011 is used to increase the £15,000 threshold from April 2012. The current £15,000 annual threshold for student loan deductions through the payroll was due for review by the last Government in 2011. The Coalition government decided instead to increase the threshold annually between 2012 and 2016 in line with [...]
Student Loan Deduction Threshold
The current £15,000 annual threshold for student loan deductions through the payroll was due for review by the last Government in 2011. The Coalition government decided instead to increase the threshold annually between 2012 and 2016 in line with inflation. The statutory changes for this have been made by means of amendments to the Education [...]
Questions from our forum 13/01/11
Each week we receive a number of payroll questions on our forum, and here are this week’s batch. Can you help with any answers? Forum Posts: Backdating SMP If an employee has been on maternity leave, for around 6 months, but has continued to be paid her full salary as normal, for whatever reason, is [...]
