Introduction to Isle of Man Payroll
One day workshop (Ref: PMI09w) :: Price - £397 + VATWorkshop Objectives
Taxation
- Understanding the Income Tax Instalment Payments (ITIP) scheme
- What income is taxable and what is exempt
- Calculating the tax liability of standard payments and abnormal payments
- Processing the tax deducted and making the payments
- Basic and Higher tax rates, when to use what rates
- Tax allowances & Tax codes, Tax Thresholds, tables & forms
- Different Emergency processes for residence and non-residence
- Processing leavers and payments after leaving
- Year end and In-year reporting requirements
- Rectifying overpayments and under deduction of tax
- Penalties and fines for late payments
National Insurance Contributions
- Highlighting the differences between the UK and the Island
- Reporting processes, liabilities and payments
- Penalties and fines for late payments
National Minimum Wage
Lump Sum Payments on Termination
Different rates of Sickness & Maternity Benefit
Statutory Maternity Leave & Retained Rights
Benefits in Kind
- Benefits Exempt and Taxable
- Calculating the taxable value of Benefits
- Assets transferred
- Assets available to employees
- Accommodation and food
- Relocation
- Company cars and fuel
- Company Vans
- Approved mileage rate
- Fines & Penalties
Dates & Venues
New dates and venues for this course will be announced soon.
In the meantime, any of our courses can be delivered in-house or tailored with our pick 'n' mix options to meet your specific needs.
Call our office on 01295 225500 for more details.
To receive a copy of our new prospectus as it becomes available visit the contact us page.