Payrolling Benefits in Kind (PBIK) Since April 2016 employers have been able to to utilise a (voluntary) HMRC online service – ‘Payrolling Benefits in Kind (PBIK)’, which changes the way in which expenses and benefits are taxed and reported to HMRC. HMRC guide Payrolling Benefits in Kind gives detailed information about this new service. A…
Changing from one business to another (e.g. sole trader to ltd company, or company A to company B), or when one business takes over another. 1. I have Payroll Manager 20 and need to change my company (e.g. changing from sole trader to ltd company or similar) If your organisation is changing (e.g. from a…
Week 53 payments, tax calculations and P800 letters. Background Most employees (¹) are entitled to a certain amount of pay before paying tax. This is called the ‘Personal Allowance’. In 2023-24 the personal allowance was £12,570. When calculating PAYE tax, the Personal Allowance is divided by the usual number of pay periods in the year…
Common HMRC error messages If you are attempting to file an online submission to HMRC and are getting a failure message then please be aware that these messages are generated by HMRC and not by Moneysoft. We have published a list of common errors below which may help you resolve the problem. Please note that…
CIS suffered – reporting a new figure after the final EPS has been sent On some occasions you may need to adjust the amount of CIS suffered that you are reporting to HMRC after submitting your final EPS for the year. This guide shows how to make the necessary corrections and submit a ‘Year End…
Problems when using NEST Some users may experience problems when attempting to upload pension information to NEST, especially when attempting to do this for the first time. The majority of these errors are caused by a mis-match of information between what has been entered on the NEST website (when initially setting up the NEST pension…
Other Pension Providers Use this guide to setup Payroll Manager to work with Pension Providers other than those which have specific guides available for them. 1. Entering the Duties Start Date. 2. Adding Pension Scheme details. 3. Assessing the workforce. 4. Adding Employees and setting pension contributions. 5. Sending letters to employees. 6. Producing CSV upload…
Workers Pension Trust Use this guide to setup Payroll Manager to work with Workers Pension Trust. 1. Entering the Duties Start Date. 2. Adding Pension Scheme details. 3. Assessing the workforce. 4. Adding Employees and setting pension contributions. 5. Sending letters to employees. 6. Producing CSV upload files to send to the pension provider. 1- Duties…
Smart Pension Use this guide to setup Payroll Manager to work with Smart Pension. 1. Entering the Duties Start Date. 2. Adding Pension Scheme details. 3. Assessing the workforce. 4. Adding Employees and setting pension contributions. 5. Sending letters to employees. 6. Producing CSV upload files to send to the pension provider. 1- Duties Start Date…
