Currently browsing Legislation

KashFlow Payroll 1.4.9 Release Notes

Welcome to release 1.4.9. This update of the software includes some new features and enhancements relating to the processing of furlough payments: Add furlough pay and associated top-ups to a payslip: use the furlough top-up payslip item Record furloughed dates for an employee Create a claim for furlough pay: setup…

Read more

Legislation Update March 2020 – Release Notes

Welcome to your software update for Tax Year 2020/2021. This update of the software includes some new features and enhancements, together with any necessary legislative changes.  These notes provide information on all the improvements to the software. For details of changes to Rates and Allowances, click here. P60 changes and…

Read more

Legislation Rates and Allowances for Tax Year 2020/2021

Please note, whilst every effort has been made to ensure this information is correct, please check with HMRC if unsure. Income Tax Tax Bands rest of UK Rate Band(£) 20% 0 – 37,500 40% 37,501 – 150,000 45% Over 150,000   Tax Bands Wales Rate Band(£) 20% 0 – 37,500…

Read more

How do I notify my Pension Provider an employee has opted out?

It is the employee who must contact the pension provider to inform them they wish to opt-out and get an “opt-out notice“. This opt-out notice will then be passed to the company for action in payroll, either via the employee or directly from the provider. The following contains more detailed information from…

Read more

How do I process a Week 53?

Week 53 If you run a weekly payroll you might find you need to complete an additional period after week 52 to finish your PAYE tax year. If your normal repeating pay date falls on the 5th April you have to complete the additional period for your tax year to be…

Read more

How to set Directorship & Directors NI Calculation

Directors If the employee is or has been, a director since 6th April then KashFlow Payroll needs to know the date that the directorship started (and ended if in the current Tax Year) and the NIC Calculation Method (National Insurance Contributions).  A director can choose to have their NICs calculated…

Read more

NI Rate X is showing on employees P60

HMRC expects an X code to be entered if the employee’s earnings are below the Lower Earnings Limit (LEL) for national insurance, irrespective of the national insurance code allocated to the employee.

Read more

No P60’s produced for leavers

At the end of the tax year none of the leavers in KashFlow have had a P60 produced. This is correct. Only active employees at the end of the tax year will get a P60. For any leavers during the tax year the P45 issued at the time of leaving replaces the…

Read more

See how KashFlow works with your business and your books