End of Year Procedures

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Dublin City Centre - Friday 24th March 2017

 

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This course takes you through the processes of finalising the tax year 2016/17 under Real Time Information (RTI). The deadlines for finalising the tax year and the options under RTI to do this will be reviewed. The procedures for amending the tax year once it has been finalised will also be covered.

 

Furthermore, the process of how to complete the P11Ds for benefits and expenses will be addressed. The deadlines for submission to HM Revenue and Customs and the issue of this information to employees past and present. The cash equivalent for certain benefits and the calculation of Class 1A NICs will be examined.

 

Details of how to Payroll Benefits in Kind, what benefits can be included and the deadline for registering for Payrolling.

 

Topics covered on the Day

Tax Year End

  • Final dates for submission
  • Making a complete return
  • Balancing payments to HMRC 
  • Making adjustments and corrections 
  • Common Errors 
  • Issuing the P60 
  • Penalties & interest

New Tax Year

  • Clearing down and checks in preparation for the new tax year
  • Uplifting and inputting new tax codes
  • New rates and thresholds for Student Loans 
  • New NI rates and tax bands including the Scottish Rate of Income Tax
  • New statutory payment rates

Benefits in Kind

  • Deadlines for submission
  • Change to dispensations and general exemptions
  • Calculating Class 1A NICs 
  • PAYE Settlement Agreements 
  • Dispensations 
  • Calculating the benefits 
  • Issuing the P11D 

Declaring benefits on form P11D

  • Company cars & private fuel
  • Company vans 
  • Private Health insurance
  • Relocation expenses 
  • Expenses
  • Childcare vouchers

Payrolling Benefits in Kind

  • Deadline for registering for Payrolling
  • Which benefits can be payrolled
  • Procedures to be applied before opting out
  • Dealing with changes to the value of benefits during the tax year

 

Timetable
Courses run from 10.00am - 4.30pm - tea/coffee on arrival, mid-morning & mid-afternoon and lunch will be provided.

CPD/CPE Hours
Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society, Accounting Technicians Ireland and other professional bodies.

Time Table
Courses run from 10.00am - 4.30pm - tea/coffee on arrival, mid-morning & mid-afternoon and lunch will be provided.

Course fee details:
IPASS Member:  €320
Non Member:  €400

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Contact Information

  • The Irish Payroll Association
  •   IPASS House,
    H4 Centrepoint Business Park,
    Oak Road, Dublin 12
  •   (01) 4089100
  •   (01) 4089102
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