On this course you will learn:
Principles of Tax
- Describe the PAYE system and how it operates
- Identify the tax rates and bandings that apply to income
- Evaluate and summarise the meaning behind a tax code.
Calculating Tax
- Explain the non-taxable elements of a person’s pay and outline the importance and use of Personal Allowances
- Describe the difference between cumulative and non-cumulative operation of PAYE
- Manually calculate an employee’s tax using HMRC’s tax tables.
Principles of NICs
- Outline the history of NICs in the UK
- Understand the NICs system and how it operates
- Differentiate the classes of NICs.
Calculating NICs
- State which earnings, or elements of pay, NICs must be calculated on and which are excluded
- Select the correct NIC limits, thresholds and rates to use for NIC calculations
- Calculate National Insurance contributions due for employees and employers.
Courses are delivered using the IPPE Online Learning Portal. Once registered for the course, you will be introduced to the topics covered throughout the hour and the course learning outcomes. Learning is achieved via a step-by-step process throughout the module, with a short test at the end of each topic, ensuring you have a full understanding of the course.
The e-learning course guides you through:
Principles of Tax
- Overview and history of income tax
- What is Pay As You Earn (PAYE)?
- Income tax rates and bands
- How to read a tax code.
Calculating Tax
- What is included in taxable pay
- Cumulative and non-cumulative
- Pay adjustment tables
- Manual tables.
Principles of NICs
- Overview and history of NICs
- The National Insurance system
- Classes of NICs
- NICs category letters.
Calculating NICs
- Earnings for NICs
- Limits, thresholds and rates
- The calculation.
One point per course completed
* maximum of 10 of this type per CPD year
