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Payroll, PAYE & Inland Revenue News from Arch Payroll Agency Manchester


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Payroll & Financial News 2010


March 2010

State Pension Age (SPA) is changing between 2010 and 2020

As a result of changes brought in by the pensions Act, from 6 April 2010 the age at which women reach SPA will gradually rise to become the same as it is for men (65). These changes will happen between 2010 and 2020 and will affect women born between 6 April 1950 and 5 April 1955. All women born on or after this date will reach SPa at age 65.

Recording National Insurance Contributions

Currently, employees who are over SPA (meaning 60 for women and 65 for men) do not have to pay employee's National Insurance Contributions (NICs). The employer however has to pay Class 1 category C rate NICs.

As the SPA for women gradually increases, you will need to deduct, record and pay both employee and employer Class 1 NICs for women over the age of 60 up to their new SPa.

You will need to ensure that you have accurate dates of birth for all of your employees in order to determine when they no longer need to pay Class 1 NICs because their SPa has been reached. Class 1 category C rate NICs will only apply to employees working beyond their SPa.

February 2010

Are you filing all your starter and leaver forms online?

If you have 50 or more employees, you should now be filing your Employer Annual return, starter and leaver forms online.

Since 6 April 2009, you have been required to send HMRC the following starter and leaver notifications online:
- P45 (Part 1) - Details of employee leaving.
- P45 (Part 3) - New employee details.
- P46 - Details of employees starting work who do not have P45.
- P46 (Pen) - New pension details.
- P46 (Expat) - Details of those seconded to work either wholly or partly in the UK whilst remaining employed by an overseas employer.

Penalties
In December 2009 HMRC started issuing warning letters to those employers with 50 or more employees who are still not filing their starter and leaver forms online.

Penalties will range from £100 to a maximum of £3000 depending on the number of paper forms that you send , when they should have been done online.

The first penalty notices will be sent in April 2010. We strongly recommend that you now make sure that your payroll processes are working properly. Please check that you are already sending us all your starter and leaver notifications online.

If you have any concerns re filing online, please contact us

Archived News


Arch Payroll Agency is a trading name of Arch Payroll Ltd
Company number 6147512 (England)


Arch Payroll Agency
, Hampton House, Oldham Road, Middleton, Manchester M24 1GT.
Tel: 0161 655 2000. Fax: 0161 653 5358. Email: arch@mbrookes.co.uk
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Page last updated 22 Mar 2010