Pegasus Software & Genesis Business Systems Payroll End Of - - PowerPoint PPT Presentation

Pegasus Software & Genesis Business Systems

Payroll End Of Year 2017

Goulton Street, Hull, HU3 4DD T: 01482 210999 W: www.genesisIT.co.uk E: support@genesisIT.co.uk

Pegasus Software

Payroll End Of Year 2017 Victoria Williams Business Systems Manager

Agenda

Changes for completion of the 2016/2017 EOY

• End of Year Procedures

Changes for the Tax Year 2017/2018

• Legislation Changes
• Starting the 2017/2018 Tax Year

Opera 3 Payroll Enhancements

Payroll End of Year 2017

Version numbers for the 2016/2017 releases

• Opera II – Version 7.60.10
• Opera 3 – Version 2.40.10
• Capital Gold – Version 4.03
• Pegasus Online Filing Manager – Version 3.70

When should you apply this upgrade? Documentation

Changes prior to 2016/17 EOY

Options for printing P60s

• Post upgrade

Changes prior to 2016/17 EOY

Options for printing P60s

• Post upgrade

www.gov.uk www.bsd-online.co.uk/pegasus

Changes prior to 2016/17 EOY

HMRC Stationery Order Line

• Ordering P60s

Changes prior to 2016/17 EOY

HMRC Stationery Order Line

• Ordering P60s

Changes prior to 2015/16 EOY

Options for printing P60s

• Opera 3

End of Year Procedures

Backup Opera II / Opera 3 Upgrade to Opera II – v7.60.10 / Opera 3 – v2.40.10 Upgrade Online Filing Manager – v3.70 Complete your normal Payroll processing EXCLUDING the final Update

• Calculation
• Print the Payslips
• Payroll Summary Reports / To-Date Summary Reports
• P32 Processing ensuring funding & payments are correct

End of Year Procedures

EOY / Special Reports

• P60 End of Year Returns
• Print P35 Substitute
• Pay / Ded List
• Advanced Pay / Ded List

End of Year Procedures

Is the Payroll linked to the Nominal Ledger?

• Run the N/L Analysis command

Is the Payroll linked to the Cashbook?

• Run the Cashbook Transfer command

Are the employees paid by BACS?

• Run the Payment Reports / Produce & List BACS command

End of Year Procedures

RTI Submissions – Full Payment Submission

• Create & send the final FPS for 2016/2017
• Check Service Availability

End of Year Procedures

RTI Submissions – Service Availability

• www.gov.uk

End of Year Procedures

RTI Submissions – Service Availability

• www.gov.uk

End of Year Procedures

RTI Submissions – Service Availability

• www.gov.uk

End of Year Procedures

RTI Submissions – Full Payment Submission

• Create & send the final FPS for 2016/2017
• Check Service Availability

RTI Submissions – Employer Payment Summary

• Create & send the final EPS for 2016/2017

Payroll Update

• Run an Opera backup again

End of Year Cleardown

End of Year Procedures

Final Checks

• Utilities / Set Options – Current Tax Year
• Utilities / Calendar – Current Tax Year
• Utilities / PAYE/NI/Stat. Payments
• Utilities / Set Options – Small Employers Relief
• Global Tax Code Changes
• Processing – Employee Tax Codes

Made a mistake?

• Login to your account in HMRC
• Earlier Year Update option

Correcting RTI Submissions

Changes for Tax Year 2017/2018

Income Tax Bandwidths- Rest of the UK

2016/17 2017/18 Basic Rate – 20% £0 - £32,000 £0 - £33,500 Higher Rate – 40% £32,001 - £150,000 £33,501 - £150,000 Additional Rate – 45% £150,001+ £150,001+

Changes for Tax Year 2017/2018

Income Tax Bandwidths- Scotland

2016/17 2017/18 Basic Rate – 20% £0 - £32,000 £0 - £31,500 Higher Rate – 40% £32,001 - £150,000 £31,501 - £150,000 Additional Rate – 45% £150,001+ £150,001+

Changes for Tax Year 2017/2018

Income Tax Personal Allowances

2016/17 2017/18 £11,000 £11,500

Changes for Tax Year 2017/2018

Changes in Tax Codes

2015/16 2016/17 Uplift “L” Tax Code 1100L 1150L Emergency Tax Code 1100L 1150L

Changes for Tax Year 2017/2018

National Insurance Bandwidths – Weekly

2016/17 2017/18 Lower Earnings Limit £112 £113 Secondary Threshold £156 £157 Primary Threshold £155 £157 Upper Earnings Limit £827 £866

Changes for Tax Year 2017/2018

National Insurance Contributions – Employee (Primary)

Earnings per week NIC Rate % Below £113 (LEL) £113 to £157 (PT) £157 to £866 (UEL) 12 Above £866 2

Changes for Tax Year 2017/2018

Apprenticeship Levy

• Applies to all UK employers with a pay bill > £3m
• Levy Rate will be charged at 0.5% of the annual pay bill
• Levy Allowance of £15,000 each tax year
• Companies with multiple PAYE schemes must

share the Allowance across these schemes

• Included in the Employer Payment Summary (EPS)
• Paying the Levy
• Paid in full for the tax month
• & is included in the Tax, NI & Student Loan

payment

Changes for Tax Year 2017/2018

Apprenticeship Levy – Software Changes

Changes for Tax Year 2017/2018

Apprenticeship Levy – Software Changes

Changes for Tax Year 2017/2018

Apprenticeship Levy – Software Changes

Changes for Tax Year 2017/2018

Apprenticeship Levy – Software Changes

Changes for Tax Year 2017/2018

Apprenticeship Levy – Software Changes

Changes for Tax Year 2017/2018

Statutory Payment Rates (SSP/SMP/SAP/ShPP/SPP)

Weekly Rate 2016/17 Weekly Rate 2017/18 Statutory Sick Pay £88.45 £89.35 Statutory Maternity Pay £139.58 £140.98 Statutory Adoption Pay £139.58 £140.98 Shared Parental Pay £139.58 £140.98 Statutory Paternity Pay £139.58 £140.98

Changes for Tax Year 2017/2018

Student Loan – Plan 1

2016/17 2017/18 Threshold £17,495 £17,775

Student Loan – Plan 2

2016/17 2017/18 Threshold £21,000 £21,000

Changes for Tax Year 2017/2018

Pensions Auto Enrolment

2016/17 2017/18 Auto Enrolment Threshold £10,000 £10,000 Qualifying Earnings – Lower Threshold £5,824 £5,876 Qualifying Earnings – Upper Threshold £43,000 £45,000

Changes for Tax Year 2017/2018

Employment Allowance

2016/17 2017/18 Annual Value £3,000 £3,000

Changes for Tax Year 2017/2018

Payrolling Company Car Benefits

• Include Company Car Benefits in the FPS
• Register with HMRC before end 2016/17 Tax Year

Changes for Tax Year 2017/2018

Payrolling Company Car Benefits – Software Changes

Thank you For any help with your Pegasus Payroll support queries; Contact Pegasus Centre of Excellence Partner Genesis Business Systems T: 01482 210999 E: support@genesisIT.co.uk