Upgrade information for IRIS Payroll Professional

Employer

• Name and Address

• HMRC His Majesty's Revenue and Customs is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers. (includes Employment Allowance A scheme where a business can claim a reduction in the amount of employer's National Insurance contributions (NICs) they have to pay. and Apprenticeship Levy The Apprenticeship Levy is a UK tax on employers which is used to fund apprenticeship training. It is payable by all employers with an annual pay bill of more than £3 million, at a rate of 0.5% of their total pay bill. It is collected through PAYE alongside other employment taxes. this year settings)

• Bank Account

• RTI Real Time Information is the current method for reporting PAYE to HMRC, comprising FPS and EPS submissions.

• Default Pay Options (selected)

• Opening Balances from last successful EPS Employer Payment Summary is an RTI online submission sent monthly if, you are reclaiming statutory payments, claiming Employment Allowance (EA is only reported once per tax year), reporting Construction Industry Scheme (CIS) deductions or reporting how much Apprenticeship Levy is due. The EPS is also used to report if no employees will be paid for a whole tax month or longer. (selected)

• Working Patterns (excludes multiple week patterns)

• Pension – Auto Enrolment

• EVC Details

Departments

Pay Schedules includes Next Pay Day (excludes Quarterly, Half Yearly, Yearly)

Employees (excludes P11D P11D is used by employers to report end-of-year expenses and benefits for employees who earned more than £8,500. Employees who receive Benefits in Kind (BiK) are entitled to an end of year report that outlines their benefits and expenses in the tax year. only records)

• Basic Details

• Employment (includes CIS Construction Industry Scheme - An alternative to PAYE payroll for the construction indusry. Using the Construction Industry Scheme, contractors deduct money from a subcontractor’s payments and pass it to HMRC. The deductions count as advance payments towards the subcontractor’s tax and National Insurance.)

• Pay Options (excludes components marked as Suspended, and components not migrated)

• Attachment of Earnings Orders (excludes NPAEO, JAEO, MAEO, FPAEO and any orders where the Protected Net Pay and/or Deduction frequencies do not match the employee pay frequency)

• Bank Account

• Employee Leave – Statutory Absence Records (excludes Statutory Sick Pay Statutory sick pay refers to the pay an employer must give you if you’re too ill to work. It’s paid to you by your employer for up to 28 weeks, based on certain eligibility criteria - the cost of SSP is no longer able to be recovered - SSP is no longer reported to HMRC on your EPS submissions, KIT Days, Holiday Schemes and Custom Absence, Back pay adjustment)

  Benefits – Payroll – Cars and Fuel (excludes OPRA)

• Notes

• Pension (one auto enrolment pension record with a Join date and no leave date)

• Opening Balances

• EVC Details

Year-to-Date amounts

Pay Components (excludes components using the settings Suspended, BIK A benefit-in-kind (BIK) is any non-cash benefit of monetary value that you provide for your employee. These benefits can also be referred to as notional pay, fringe benefits or perks. The benefits have monetary value, so they must be treated as taxable income., basic and advanced linking, Multi Currency, Sporting Payments, CIS Materials, CIS VAT, CIS Net, Termination Payments)

Pension Schemes (excludes Banded)

• Settings (excludes Pay comps defined under the Pension scheme as Pensionable)

• Administrator

• Provider (selected)

• Payments

• Worker Groups

HMRC Notices (selected)