Payroll Genies
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Genies News
May Day Bank Holiday
The Payroll Office will be closed on Monday 7th May. We will be open, as normal, on Tuesday 8th May.
Please also remember that the office has a new address.
END OF TAX YEAR 2011/2012
The tax year is almost over and you will soon be receiving your P35s and P60s in the post, along with your Month 12 / Week 52 payroll run.
You will need to ask your employees to check their personal details are correct and, if they are not, inform Payroll Genies as soon as possible, so that the details can be corrected before the information is submitted to HMRC.
At this time of the year you will also need to consider the employees you have on suspend and if they are not going to be returning to work you need to make them a Leaver. Remember, this saves you money as any current employees will be charged for when the P14s are submitted.
THE NEW TAX YEAR 2012/2013
As normal there are budget changes taking effect from 6th of April:
| Description | 2011/2012 | 2012/2013 |
| Tax Code | 747L | To 810L |
| Band 20% Band 40% Band 50% |
0 - £35,000 £35,001 - £150,000 Over £150,000 |
0 - £34,370 £34,371-£150,000 Over £150,000 |
| Student Loans | £15,000 | £15,795 |
| SSP Qualifying LEL |
£81.60 £102.00 per week |
£85.85 £107.00 per week |
| SMP, ADP, APP Qualifying LEL |
£128.73 £102.00 per week |
£135.45 £107.00 per week |
National Insurance made simple for 2012/2013
| Suffix A | Weekly | Monthly | Yearly |
| LEL amount to qualify for statutory benefits | £107 | £464 | £5,564 |
| To SET this is when employers pay NI @13.8% | £144 | £624 | £7,488 |
| To PET this is when employees pay NI @12% | £146 | £634 | £7,605 |
| To UAP capping entitlement to the State Second Pension no changes to contribution rates |
£770 | £3,337 | £40,040 |
| To UEL employees % go down to 2% Employers stay the same @13.8% |
£817 | £3,540 | £42,475 |
More Genies News
Client News
Our Services
- Reliable accurate service
- Free set up of Payrolls includes mid year set ups
- Inland Revenue Registration
- Statutory Payments and Deductions
- Processing starters and leavers
- Input of both permanent and temporary payroll changes
- Clear concise reports & security sealed payslips
- Monthly returns
- Bacs payments
- Year end filed online
- External Agency information completed
- Invoicing at point of payroll run