Tax Profile
Tax Profile | Tax codes
Overview An employees tax code is used by their employer or pension provider to work out how much Income Tax is due by the employee. The HM Revenue and Customs (HMRC) will provide the tax code applicable to the respective employee. Edition This ...
How does the week 1 / month 1 basis work?
The week 1 / month 1 basis provides a proportion of any allowances and tax rates for each pay period. Unlike the cumulative method, it disregards previous pay and tax. Consequently, all payments are taxed as if it were the first week or month of the ...
What is the purpose of the "This is an EPM6 (Modified) Scheme" checkbox on the Starter Details screen?
The "This is an EPM6 (Modified) Scheme" checkbox should be enabled if the submission relates to an EPM6 (Modified) Scheme for tax equalised expatriate employees. Navigate > Employee > Basic Information > Tax Profile > Starter Details An expatriate ...
What is the purpose of the Directorship checkbox on an employees Tax Profile screen?
The Directorship checkbox should be enabled on an employees Tax Profile screen if the employee is considered a Director. Navigate > Employee > Basic Information > Tax Profile > National Insurance Details. Once the field is selected, additional fields ...
Employee | Tax Profile
Overview The Employee Tax Profile Screen stores information relating to the employee’s tax calculation, National Insurance Details, Starter Details, and Previous Employment Details. Edition This feature is available on all PaySpace editions. ...
Terminating an employee
An employee can be terminated either on the On/Off Boarding screen or Tax Profile screen. On/Off Boarding: Navigate > Employee > On/Off Boarding > Terminate Note! The user will be navigated to the Tax Profile screen when selecting to terminate the ...
Tax Profile | Tax Details
Overview Tax Details are captured on an employees Tax Profile screen to specify the way in which an employees tax will be calculated on the system. Edition This feature is available on all PaySpace editions Navigation Path Navigate > Employee > Basic ...
Where do I capture an employees Tax Regime?
An employees Tax Regime is captured on the Tax Profile screen under the Tax Details tab. Navigate > Employee > Basic Information > Tax Profile England & Northern Ireland – If the tax regime England & Northern Ireland is selected, the employee will be ...
Tax Profile | Starter Details
Overview Starter Details are captured for new employees and replaces the P46 form. These details are reported on the Full Payment Submission (FPS). Edition This feature is available on all PaySpace editions Navigation Path Navigate > Employee > Basic ...
Tax Profile | National Insurance Details
Overview National Insurance contributions are paid to qualify for certain benefits and the State Pension. National Insurance is a tax which is paid alongside Income Tax. Depending on whether an individual is employed or self-employed – and depending ...
Where do I download an employees P45 certificate?
A P45 is a termination certificate that is issued to a terminated employee. The employees P45 certificate may be downloaded on the Tax Profile screen and can be located on the top right hand corner of the screen. Navigate > Employee > Basic ...
How do I process a pension payment?
Company pension being paid to a retiring employee will be processed as a lump sum on the payroll. Retired employees or beneficiaries must be added on the payroll with a separate payroll ID where lump sum information can be reported. Navigate > ...
How do I reinstate an employee?
A terminated employee can only be reinstated resuming the record in the United Kingdom. The HMRC states if an employee leaves and is re-employed within the same company, a different payroll ID (employee number) is applicable. Reinstated employees ...