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? Correcting RTI Submissions • Login to your account in HMRC • Earlier Year Update option
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) 0 £113 to £157 (PT) 0 £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 Weekly Rate 2016/17 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 £10,000 £10,000 Threshold Qualifying Earnings – £5,824 £5,876 Lower Threshold Qualifying Earnings – £43,000 £45,000 Upper Threshold
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
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