The P45 is a document presented to employees when they end their employment and contains information about tax and student loans.

There are changes proposed with the way employer’s National Insurance is calculated for the period of July. The proposal is more in line with the original guidance issued up to the 20th April.

There have been several changes announced for the Coronavirus Job Retention Scheme coming in from 1st July.

Where an employee is in an auto-enrolment pension scheme there is a maximum amount that can be claimed for employers pension contributions, which is the contribution made or 3% of qualifying earnings, whichever is lower.

Now the dust has settled there is a little more clarity. If an employee is furloughed for the entire period claimed, then the employers NIC that can be claimed can be calculated as originally indicated:

We are getting a number of enquiries about this at the moment, and there are a lot of details we just don’t know. There also seems to be some conflict between some of the announcements and Government’s official guidance. Here are some key points: