DIY accounting and payroll software limited company formation UK

 National Insurance Contribution

Pay As You Earn, Paye and National Insurance UK

By law, anyone making payments to employees or members of occupational pension schemes is obliged to operate the PAYE system and calculate income tax and national insurance in the UK. Income tax and class 1 national insurance contributions need to be deducted from the payments made, with the tax national insurance  UK sums paid to HM revenue & customs by the 19th of each month following deduction.

Employees are entitled to receive written confirmation of tax and national insurance contributions that have been made through:

• payslips, showing gross pay, income tax, national insurance and other deductions made and net pay.

• a P60 certificate at the end of each tax year, confirming the amount of gross earnings, and the income tax and class 1 national insurance contributions deducted; and

• a P45 certificate whenever you change jobs, which shows the income tax code operating on your earnings at the time you left and, in some cases, the earnings and income tax deducted in the tax year to date.

DIY Accounting paye system will calculate income tax and national insurance contributions and satisfy all the  requirements relating to income tax and national insurance contributions, both employee and employer national insurance. The tax national insurance calculation is dependent upon these files being open when employee details or gross pay is amended.

The national insurance file located within the payroll file for each employee is updated by the Employee details sheet and shows the national insurance table applicable each week or month.

Key Benefits

• No entries required to the national insurance file which automatically calculates the national insurance table for each employee

• No entries required to the national insurance file which has the inland revenue manual national insurance tables built in which the payroll system uses to look up the employees national insurance and employer national insurance contribution to be deducted.

HM Revenue & Customs - National Insurance Tables - 6 April 2008 to 5 April 2009

• E14  What to do if your employee is sick
  for use from 6 April 2008 to 5 April 2009This help book contains the Statutory Sick Pay Tables

  E14 (Supplement)  What to do if your employee is sick - Special cases
  An employer's further guide to Statutory Sick Pay for use from 6 April 2008 to 5 April 2009

  E15  Pay and time off work for parents
  An employer's guide for use from 6 April 2008 to 5 April 2009 This help book contains the Statutory Maternity Pay Tables

  E15 (Supplement)  Pay and time off work for parents
  An employer's further guide for use from 6 April 2008 to 5 April 2009 This help book contains the Statutory Maternity Pay Tables

  E16  Pay and time off work for adoptive parents
  An employer's guide for use from 6 April 2008 to 5 April 2009

  E16 (Supplement)  Pay and time off work for adoptive parents
  A further guide for use from 6 April 2008 to 5 April 2009

  CA37  Simplified Deduction Scheme for employers
  for use from 6 April 2008to 5 April 2009

  CA38  National Insurance contributions tables A and J
  for use from 6 April 2008 to 5 April 2009

  CA39  Contracted-out contributions for employers with Contracted-Out Salary Related Schemes
  for use from 6 April 2008 to 5 April 2009

  CA40  Employee only contributions for employers or employees authorised to pay their own contributions
  for use from 6 April 2008 to 5 April 2009

  CA41  National Insurance contributions Tables B and C.
  for use from 6 April 2008 to 5 April 2009

  CA43  Contracted-out contributions and minimum payments for employers with contracted-out Money Purchase Schemes
  for use from 6 April 2008 to 5 April 2009

   

DIY Accounting  "DIY Accounting payroll software automates your tax and national insurance contribution for less than £20"

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Last modified: 07/14/08