Introduction to Guernsey Payroll

Workshop Objectives

Taxation

• What is the rate of Taxes?
  
  • Employees Tax Instalment Scheme
    
  • Tax Deduction Cards
    
  • Coding Notices and Direction Notices
    
  • Tax Remittance Forms - When are taxes payable
    
• What payments are taxable and exempt?
  
• How Code Numbers are calculated and processed
  
• Responsibility of all Guernsey residence to Self Assess
  
• Emergency Processes • Starters and Leavers
  
• Payments after leaving • Personal Allowances
  
• Processes of Overpayments and Arrears of taxes

Social Insurance

• 3 different classesClass 1, Primary and Secondary rates
  
• Who is liable and exempt from Social Insurance?
  
• What payments and Benefits in Kind need to be considered?
  
• How liability is calculated, reported and paid
  
• Format of Social Security number
  
• What different registration cards mean
  
• Schedules EC2, EC3 and EC17
  
• Process of payments after leaving and errors
  
• Penalties for late payments

Termination Payments

Incapacity and Maternity Benefits

• Benefits in Kind
• What is exempt and what is taxable
• Calculating the value of Benefits and reporting them
  
  • Assets and Services made available to employee
    
  • Transfer of assets - Company car
    
  • Accommodation - Mileage allowance
• Fines & Penalties

« Back to - Payroll Courses