Apprentices under 25 NICs rules from April 2016. 1 Background



Similar documents
Payroll Year End. Enclosed Keytime Payroll Year End CD. Getting Help You can get help with your year end in one of three ways:

BASIC PROVISIONS OF GREEK LABOUR LAW

Studying Paper F6 Performance objectives 19 and 20 are relevant to this exam

EMPLOYER-SUPPORTED CHILDCARE GUIDANCE AND FAQs FOR EMPLOYEES WHO ARE PARENTS, STEP-PARENTS OR WHO HAVE PARENTAL RESPONSIBILITY

Superpay and Pension Automatic Enrolment v1.0

Florida Child Support Worksheet and Guidelines

Direct Earnings Attachment

FAQS ON INCREASE IN CPF SALARY CEILING AND CPF CONTRIBUTION RATE CHANGES FOR BUDGET 2015

EMPLOYER-SUPPORTED CHILDCARE GUIDANCE AND FAQs FOR EMPLOYERS

A guide for employees Salary sacrifice and pensions

Employer Helpbook E13 RTI(2013) Day-to-day payroll in real time

Contract of Employment

OCCUPATIONAL THERAPISTS Pay & Benefits for working for Enfield

PENSIONS AT A GLANCE 2011: RETIREMENT-INCOME SYSTEMS IN OECD COUNTRIES SWEDEN

Sending Real Time Information to HMRC Troubleshooting. Understanding sick pay Entering sick days onto the system Paying an employee with sick pay

Apprenticeship in Aircraft Maintenance Engineering

Citizens Advice financial capability

What information does an employer need to provide to HMRC?

IRIS Payroll Business

Pay Guide - Children's Services Award 2010 [MA000120]

GUIDE FOR EMPLOYERS IN RESPECT OF TAX DEDUCTION TABLES (2011 TAX YEAR)

Detailed guidance for employers

Paying for childcare Getting help from your employer

WHSmith Holiday Trading Scheme

How to complete the Superannuation guarantee charge statement quarterly

Retiring on a pension. Version

Advice on the admission of summer born children. For local authorities, school admission authorities and parents

Personal Service Companies. Guidance Note GN 50

Brock University Pension Plan

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE

Glossary of Terms 2. Important changes to National Insurance contributions from 3 April State pension age table for women 4

How to complete the PAYG payment summary individual non-business form

Contents. Page 2 What is IR35? What is classed as disguised employment? What is inside and outside IR35?

Guidance for employers on stakeholder pensions

Posting agreement. for salaried employees Technical areas

Guide to Basic Earnings Assessments. Call us free on

Kingfisher Pension Scheme

MATERNITY AND PATERNITY LEAVE

Chapter 9. Labour Relations and Social Security. 62 PwC

AMP. and Endowment. Whole of Life. Investment Statement

Duration: 6 months / 37.5 hours per week (some weekend working is required)

General terms and conditions for personal customers

Question 1 Answer (This ceiling of Rs. 3,500 has been now revised to Rs. 10,000, with effect from Nov 2007) Disqualifications: Question 2

OPENING THE GATEWAY TO UNIVERSAL CREDIT CLAIMS

Paper P6 (UK) Advanced Taxation (United Kingdom) Friday 7 December Professional Level Options Module

Basic PAYE Tools Using Basic PAYE Tools for the Employer Payment Summary (EPS) only

National Insurance Fund - Long-term Financial Estimates

Canada Public Holiday and Vacation Policy

Your Pension Benefit Payments. The Standard and Optional Forms of Payment Available to you

SOCIAL SECURITY BENEFIT RATES. Common rules capital limits. Common rules deductions

Key Features of Budget Employee specific Copyright JB ARSEN

MACQUARIE LIFETIME INCOME GUARANTEE POLICY

Tax offsets QUESTION 19 SPOUSE TAX OFFSETS STOP NOTE. Did you have a spouse married or de facto?

INSS REGULATION 53/2007

S ection 8 WHEN WAGES BECOME TAXABLE

FOR ELECTRONIC USE ONLY

PART 4 NON-TEACHING STAFF PAY AND CONDITIONS OF EMPLOYMENT 1. INTRODUCTION

INFORMATION TO BE PROVIDED IN SALES BROCHURE. LIC s NEW JEEVAN ANAND (UIN: 512N279V01)

Tax table for back payments

COMMUNITY CHARGE REGISTRATION OFFICER OF RHONDDA BOROUGH COUNCIL v DATA PROTECTION REGISTRAR. [Case DA/90 25/49/2] APPEAL DECISION

Actuarial Speak 101 Terms and Definitions

SUPERPAY Demonstration

Income protection insurance

PRINT AWARENESS ASSESSMENT. Instructions and Teacher Recording Form

Southern State Superannuation Act 2009

Medicare and Your CalPERS Health Benefits. Laurie: Welcome to Medicare and Your CalPERS Health Benefits webinar.

NORTHERN TERRITORY GOVERNMENT TRAINEESHIP AND INDIGENOUS TRAINEESHIP PROGRAMS

Automated Funding Proposal

IBEW Local 640 & Arizona Chapter NECA. Employer Reporting Forms Benefit Contributions Manual. January 2016

Employment law developments in 2013 and 2014 Revised March 2014

Alienation of personal services income

Employment EMPLOYMENT (ANNUAL AND PUBLIC HOLIDAYS) ORDER. Order made under s.36.

Redundancy Payments Services. A Statement of Charter Standards

Annual statement by the chairman of the Remuneration Committee

LIC s Jeevan Tarang Table No. 178

Sweden. Qualifying conditions. Benefit calculation. Earnings-related. Key indicators. Sweden: Pension system in 2012

Prealgebra. Percent Change

KEY FEATURES OF THE PHASED ANNUITY PLAN

Arrangement between the Mainland of China and the HKSAR for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion

AFFORDABLE CARE ACT REPORTING

Explanatory notes. Uniform Pension Overview 2011 Philips flex pension. Balance as at 31 December 2010

Transcription:

Apprentices under 25 NICs rules from April 2016 1 Background Section 9B of the Social Security Contributions and Benefits Act 1992 (SSCBA) provides for a zero-rate of Class 1 secondary contributions for certain apprentices from 6 April 2016. The age group currently specified is for those apprentices under the age of 25. This legislation also provides Treasury with the power to alter the age that an apprentice must be in order to be a relevant apprentice. The rate of secondary Class 1 contributions for the 2015/16 tax year is 13.8% on earnings above 156 per week or its prescribed equivalent period. From 2016/17 tax year section 9B SCBA reduces that rate to 0% for those apprentices who are under the age of 25 with earnings below an Apprentices Upper Secondary Threshold (AUST). Like any other National Insurance threshold and limit this will be set as a weekly amount, with provision made to prescribe equivalents for those who are paid otherwise than weekly. Ministers have announced that the value of the AUST for apprentices under 25 in the 2016/17 tax year will be the same as the Upper Earnings Limit (UEL). The UEL for the 2015/16 tax year is 815 per week. There is, however, no statutory link between the AUST and the UEL, therefore in future the UEL and AUST could vary, although we believe this to be highly unlikely (similar to the zero-rate for individuals under the age of 21). There is no reduction in the rate of Class 1 secondary contributions on earnings above the AUST. This policy has not however, removed the role of the secondary contributor. They are still to be regarded as secondary contributors and will be legally required to fulfill any other obligations (for example administering statutory payments) imposed by statute, even though the amount of the contribution they will be required to pay is 0% on earnings up to the AUST. Other responsibilities which will fall to the employer include: Making sure they hold a correct date of birth for the employee Making sure that they can evidence the fact that the employee is an apprentice Two new National Insurance contribution (NICs) category letters are to be used for apprentices under 25: Category H apprentice under 25, and Category G apprentice Mariner under 25. If an apprentice is aged under 21 category H (apprentice under 25) should be used rather than category M (under 21). This enables us to monitor the amount of employers using the Apprentice secondary Class 1 zero-rate relief. These changes do not alter the structure of National Insurance in any other way. Primary Class 1 contributions will remain unaltered.

2 Mistimed Payments The structure of National Insurance although incorporating the changes introduced by the Apprentice under 25 policy will continue in its current form. There are no changes to the rules which set out how Class 1 NICs are assessed. Instances of bonus pay, holiday pay and other mistimed payments will continue to follow the same calculation principles as they do now. To illustrate this, various examples are provided below on common changes to normal pay, including where payments are mistimed, a birthday occurs and an apprenticeship starts and ends. 3 Scenario (2016/17 tax year) Eve is an architect working for ABC Architects Ltd. Her date of birth is May 25 th 1995 and she is currently 20 years old. She is paid a salary of 24,000 per year - the equivalent of 2,000 per month which she receives on the last working day of each month. ABC is taken over by XYZ Architects Ltd in July 2016. In August XYZ offers her an Apprenticeship to train to become a master architect which she accepts. She will retain her existing salary of 2,000 per month and begins on 10 th August 2016. She receives a Profit Share bonus of 15,000 in September following ABC s takeover by XYZ. To celebrate her new Apprenticeship she intends to take four weeks leave to have an extended holiday. She has requested to have her January salary paid with her December salary. On 15 th March 2017 she finally accepts that she will never be a master architect and she reverts to her previous job on her previous wage: of 2,000 per month. The monthly prescribed equivalents for the tax year 2015/16 are: Primary Threshold (PT) 672 Secondary Threshold (ST) 676 Apprentice Upper Secondary Threshold (AUST) 3532 Upper Earnings Limit (UEL) 3532 (In these examples 2015/16 rates have been used for the 2016/17 Tax Year.)

4 Calculations Month 1 (Friday 29 th April 2016) NICs category letter M (Eve is under 21) April 2016 earnings 2,000 Secondary = 1324 x 0% Month 2 & 3 no change Month 4 NICs category letter A (Eve has celebrated her birthday and is now 21 years old) Secondary Monthly NICs = 342.07 Month 5 NICs category letter H (Eve is an Apprentice when her August salary is paid so all earnings are applied to category letter H) 1 st 9 th August 581 (earnings as an architect) 10 th 31 st August 1,419 (earnings as an apprentice) Secondary = 1324 x 0% = nil Month 6 (Friday 30 th September 2016) September 2016 earnings 17,000 (includes 15,000 profit share) When added to her September salary, the profit share takes Eve s total earnings for June over the AUST. Her employer is required to pay secondary NICs on earnings of 13,468; (the amount above the AUST). Secondary

NICs are payable in September, even though in total Eve s earnings for the year will be less than the annual equivalent of the AUST ( 42,385). Earnings 17,000 Primary 3532 minus 672 = 2860 x 12% = 343.20 Additional rate 17,000 minus 3532 = 13,468 x 2% = 269.36 Secondary 17,000 minus 3532 = 13,468 x 13.8% = 1858.58 Monthly NICs = 2471.14 Month 7 & Month 8 NICs category letter H Secondary = 1324 x 0% Month 9 (Friday 30 th December 2016) NICs category letter H Earnings 4,000 (January s salary paid in December as advanced holiday pay) Employer uses Method A (regulation 7 of Social Security (Contributions) Regulations 2001 to calculate advanced holiday pay December January December Secondary = 1324 x 0% January Secondary = 1324 x 0% Monthly NICs = 318.72 Eve has been paid her holiday pay in advance. To calculate NICs correctly, the holiday pay must be treated as if it were paid at the correct time that is, as if it were paid on the last working day of January rather than added to December s salary Month 10 Earnings nil Month 11 NICs Category letter H

Secondary = 1324 x 0% Month 12 NICs category letter A (Eve has finished her apprenticeship when her March salary is paid so all earnings are applied to NICs category letter A) 1 st 15 th March 968 (earnings as an apprentice) 16 th 31 st March 1,032 (earnings as an architect) Total March earnings 2,000 Primary 2,000 minus 672 = 1328 x 12% = 159.36 Secondary Monthly NICs = 342.07

5 Secondary Class 1 contributions saved in the 2016/17 year Month 1 NICs Category M (under 21) 2, 3 & 4 A 5 M (apprentice) 6 M 7 & 8 M 9 & 10 M 11 M 12 A Pre Apprentice U25 secondary contribution calculation = 1324 x 0.0% (Under 21) = 0.00 3532 minus 676 = 2856 x 13.8% = 394.13 x2 2,000 minus 676 x2 2,000 minus 676 2,000 minus 676 Post Apprentice U25 secondary contribution saving ( ) Nil (secondary NICs was already zero due to Under 21 measure) Nil 182.71 394.13 365.42 365.42 182.71 Nil Total 1490.39 XYZ Architects Ltd have saved 1490.39 of Class 1 secondary NICs in this example.

6 Mistakes There will be occasions when you discover that a date of birth you have recorded for an Apprentice is incorrect. The result of your correction will depend upon whether the correct date of birth makes your employee younger than 25 years of age or older. Employers must remember that if the error covers several months, they must recheck each earnings period separately. For example, Ron, an apprentice plumber, was born 25 th May 1990. He incorrectly informs you that his date of birth is 25 th May 1991. The relief from section 9B Social Security and Contributions Act 1992 to reduce the rate of secondary contributions for apprentices to 0% would not apply to Ron as he is not under 25 years of age at the beginning of the 2016/17 tax year. Month 1 April 2015 earnings 2000 Secondary = 1324 x 0% = 0.00 In month 2 Ron invites you to his 26 th birthday party. It is at this point that the mistake is discovered regarding his date of birth and the realisation that secondary contributions of 182.71 (1324 x 13.8%) have been underpaid. To rectify this mistake you must update your records with Ron s correct date of birth and make sure this is the date of birth reported on his FPS. Then using the existing principles to report mistakes, you can either correct the error by using revised year to date figures on your next regular FPS this is often the easiest way to handle the correction show the adjustment by submitting an additional FPS for the pay period for the employee that the mistake relates to. The converse will apply if you were mistakenly informed that Ron s date of birth excluded him from the relief to reduce the rate of secondary contributions to 0%. The steps mentioned above should be used to rectify the mistake. It is very important that you obtain accurate information from your employees. 7 Other scenarios There are other scenarios that can be covered in these examples, I would greatly appreciate your feedback on what you what like to see included. Mick Nicholson NICs Technical Team