HND-所得税模版
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1 1 contract of service and contract for service 2 Factors which may be important to consider One The degree of control exercised over the person doing the work Two whether the worker must accept further work Three whether the person who has offered work must provide further work Four whether the worker provides his own equipment Five whether the worker is entitled to employment benefits such as sick pay holiday pay and pension facilities Six whether the worker hires his own helpers Seven what degree of financial risk the worker takes Eight what degree of responsibility for investment and management the worker has Nine whether the worker can profit from sound management Ten whether the worker can work when he chooses Eleven whether the worker works for a number of different people or organizations Twelve the wording used in any agreement between the worker and the person for whom he performs work 3 application of the above principles to Katy Control unable to commit to working specific hours does the work when she can record time spend on clients self employmentFinancial Risk now subcontracts small jobs records time spend one each clients and invoices the accountants for her hours worked at agreed hourly rate self employment Equipment the firm has given Katy one of their PCs to do her work 1mark employment Work performance and correction now subcontracts small jobs 1mark self employment Holidays and sickness would then have been entitled to holiday and sickness pay 1mark self employment Exclusivity she does no other paid work employment Decision Katy s employment status is more close to Self Employment according to above tests 2 1 taxable persons Individuals partners and trust resident in the UK are charged to income tax on their income To be more specific taxable persons refer to those who can obtain income corporation revenue capital gains inheritance and added value Both UK and non UK residents is taxed because in respects of his property in the UK and he enjoys the benefits of our laws for the protection of that property Residence are those who spends more than six months in the UK 183 days or who has established permanent resident abroad will be regarded as resident in the UK if they visit the UK for more than 91 days in the tax year 2 tax year tax year refers to the period from 6th April to following 5th April 3 self assessment system of submitting tax returns and payment of tax One Self Assessment is a system HM Revenue and Customs HMRC uses to collect Income Tax Two Conditions for submitting tax returns You need to send a tax return if in the last tax year you were self employed you can deduct allowable expenses you got 2 500 or more in untaxed income eg from renting out a propertyor savings and investments contact the helpline if it was less than 2 500 your savings or investment income was 10 000 or more before tax you made profits from selling things like shares a second home or otherchargeable assets and need to pay Capital Gains Tax you were a company director unless it was for a non profit organisation eg a charity and you didn t get any pay or benefits like a company car your income or your partner s was over 50 000 and one of you claimedChild Benefit you had income from abroad that you needed to pay tax on you lived abroad and had a UK income you got dividends from shares and you re a higher or additional rate taxpayer but if you don t need to send a return for any other reason contact the helpline instead your income was over 100 000 you were a trustee of a trust or registered pension schemeCertain other people may need to send a return eg religious ministers or Lloyd s underwriters you can check whether you need to You usually won t need to send a return if your only income is from your wages or pension If you get an email or letter from HM Revenue and Customs HMRC telling you to send a return you must send it even if you don t have any tax to pay Three deadlines for tax return There are deadlines for sending your Self Assessment tax return to HM Revenue and Customs HMRC and paying any money you owe The last tax year started on 6 April 2014 and ended on 5 April 2015 Self Assessment Deadline Register for Self Assessment You should register by 5 October 2015 Paper tax returns Midnight 31 October 2015 Online tax returns Midnight 31 January 2016 Pay the tax you owe Midnight 31 January 2016 Four Payment of tax Under PAYE income tax is normally paid over to HMRC monthly 17 days after the end of the tax month if paid electronically or 14 days after the end of the tax month if paid by cheque Large employers with 250 or more employees must make electronic payments 4 the application of interest surcharges and penalties Daily interest is charged on late payment of income tax under PAYE by taking the number of days by which a payment is late and applying the relevant late payment interest rate HMRC make the charge after the end of the tax year Late payment penalties may be charged on PAYE amounts that are not paid in full and on time There will be no penalty if there is only a small underpayment and penalties will be charged on a risk assessed basis rather than automatically Employers are not charged a penalty for the first late PAYE payment in a tax year unless that payment is over six months late The amount of penalties on late payments depends on how much is late each time and the number of times payments are late in a tax year The maximum penalty is 4 the amount that is late in the relevant tax month and applies to the 11th late payment that tax year Where a penalty has been imposed and the tax remains unpaid at six months the further penalty is 5 of tax unpaid with a further 5 if tax remains unpaid at 12 months A surcharge of 5 will be applied to tax unpaid 28 days after the due date with a further 5 applied 6 months after the due date 3 1 basis of assessment people will be taxed on the following things Money earned from employment Profits they make if they are self employed Some state benefits Most pensions Interest on savings and pensioner bonds Rental income Benefits they get from job Income from a trust Dividends from company share 2 tax code the tax code is used by the employer or pension provider to work out how much income tax to take from the pay or pension The code is worked out by HMRC who sends it to your employer or pension provider the composition of tax code Number how much income you can have before you pay tax it indirectly indicates the personal allowance For example 10 600 can be deducted from the income so the number is 1060 10 600 10 divided by 10 Letter one letter it indicates the situation and how it affects your tax free personal allowance The meaning for the letter in tax code L you are entitled to the basis tax free personal allowance which means the people must be born after 5 April 1948 P tax code for people born between 6 April 1938 and 5 April 1948 M marriage allowance If you have received a transfer of 10 of your partner s personal allowance scheme N it indicated that you have transferred a 10 of your pension to your partner Y your were born before 6 April 1938 or over and entitled to your bigger full tax free personal allowance T your tax code includes other calculations to work out your personal allowance Eg it has been reduced because your income has already exceeded the amount for basic rate tax 3 the operation of PAYE Employers must report PAYE information to HMRC under the Real Time Information RTI system Under RTI an employer is required to submit information to HMRC electronically This can be done by Using commercial payroll software Using HMRC s Basic PAYE Tools software Using a payroll provider The employer reports payroll information electronically to HMRC on or before any day when the employer pays someone 4 PAYE forms Employers must complete forms P60 P9D P11D and P45 as appropriate P60 is a year end return At the end of each tax year the employer must provide each employee with a form of P60 P45 is needed when an employee leaves This form shows the employee s code and details of his income and tax paid to date and is handed to the employee P9D and P11D record details of benefits They must be provided to the employee by 6 July The details shown on the P11D include the full cash equivalent of all benefits The detailsshown on the P9D include the benefits for other employees- 配套讲稿:
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