ICB RTI Payroll Management (Sage) Diploma
Description
Demonstrate knowledge and understanding of the theory of payroll
Demonstrate a basic understanding of the law relating to payroll, discrimination, employment status, data protection and confidentiality.
Understand and explain the legislation for PAYE and National Insurance Contributions (NICs)
Understand and explain the requirements of the Working Time Directive
Demonstrate an understanding of the Statutory Minimum Wage
Demonstrate an awareness of the legislation concerning the provision of a pension scheme and the different types of pension schemes together with the effect they may have on PAYE and NI deductions
Demonstrate understanding of the schedule of submissions to HMRC under the "Real Ti…
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Demonstrate knowledge and understanding of the theory of payroll
Demonstrate a basic understanding of the law relating to
payroll, discrimination, employment status, data protection and
confidentiality.
Understand and explain the legislation for PAYE and National
Insurance Contributions (NICs)
Understand and explain the requirements of the Working Time
Directive
Demonstrate an understanding of the Statutory Minimum Wage
Demonstrate an awareness of the legislation concerning the
provision of a pension scheme and the different types of pension
schemes together with the effect they may have on PAYE and NI
deductions
Demonstrate understanding of the schedule of submissions to HMRC
under the "Real Time Information" (RTI) scheme
Understand how a business may receive recompense for statutory
payments including the effect of Small Employer's Relief and when
this may be applied
Understand what information must be submitted to HMRC and the
relevant deadlines that apply
Demonstrate knowledge and understanding of, and be able to calculate, the various payments that can make up an employee's gross Pay
Calculate the correct gross pay for each pay period for
employees who are paid an annual salary, weekly wage, hourly pay,
overtime, piecework and bonuses including statutory payments when
appropriate
Understand and explain statutory payments of sickness, maternity,
paternity and adoption pay
Understand the procedures to use when an employee is paid in
advance for a period to be taken as paid holiday
Show knowledge and understanding of, and be able to calculate through the use of tables the amount of National Insurance Contributions that will be deducted from gross pay
Understand and explain the difference between contracted in and
contracted out NI contributions
Use appropriate tables to determine the NI contributions for a
gross pay figure
Using the current legislation, calculate the NI contributions
Be able to correctly calculate the NICs for an employee being paid
for periods (such as holidays) in advance
Show knowledge and understanding of the concept of PAYE, together with the use of tax codes to correctly calculate the amount of PAYE to be deducted in a given period
Understand how tax codes are calculated and applied
Given a tax code to be applied, be able to calculate the amount of
free pay that an employee may earn in any given period
Determine the amount of pay that is taxable for an employee with a
given tax code
Determine the correct amount of PAYE to be deducted for a given
period
Calculate the amount of PAYE to be deducted when an employee is
being paid in advance
Understand how to deal with notifications of change in tax code
issued by HMRC (Forms P6 and P9)
Show knowledge and understanding of other statutory deductions that can be applied to an employee's pay
Demonstrate understanding of the process used to repay student
loans
Determine the correct deduction towards repayment of a student
loan
Understand when and how an attachment of earnings may be used
Directors
Demonstrate understanding of the requirement for directors NI
deductions to be treated differently from ordinary employees
Correctly calculate the NI deductions for directors using the "non
Cumulative" ("Alternative" or "Table method") and the "Cumulative
Director method"
Benefits in Kind (BIK)
Understand the concept of BIK and the impact it has on an
employee's pay and their employer's costs
Calculate the appropriate costs and deductions when an employee is
provided with the following benefits by their employer: company
car, private fuel, loan, private health insurance, other common
basic benefits assuming all required details are provided
Understand how to complete forms P11D, P11D(b) and P9D with details
relating to the above benefits and the deadlines by which they must
be submitted
Construction Industry Scheme
Understand and explain the basic principles behind the
Construction Industry Scheme (CIS).
Understand the duties of a contractor to verify sub-contractors
Correctly calculate the amount of tax to be deducted if
applicable
Understand how to make appropriate adjustments to payments to HMRC
for CIS tax
Accurately complete a CIS300 form at month-end for a contractor
business in the construction industry
Accurately complete a CIS132 form at month-end for a subcontractor
business in the construction industry
Understand the duties of a sub-contractor to submit relevant
invoices within appropriate timescales
Explain why tax may be deducted at source from such an invoice
Understand the different methods of reclaiming tax deducted
depending on the legal entity of the business (ie sole trader v
limited company)
Understand and be able to complete the various forms that apply to a business running a payroll system
Understand when and how to complete a P45 form and where each
part should be sent / stored
Demonstrate an understanding of how a P46 (starter checklist) form
is completed and used
Demonstrate an understanding of the use of form P11 with payments
and deductions for directors and regular employees on various
payment schedules, statutory requirements and with differing tax
codes including when payments are being made in advance
Accurately complete a P60 form at year-end for each employee
Demonstrate an awareness of all other relevant payroll
forms.
Demonstrate practical skills in the application of a payroll software package
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