Thanks for your reply, If this is her first job since April 2014, and she will only get £1000 in a month, Does she not have allowance of £9000 still to reach to that level where her income would become taxable?
National insurance is definitely something that we will deduct and pay.
We are not even PAYE registered company because we don't pay salaries as we are Government funded, this would be the first time where we will be paying to intern for one month only.
Correct me if I am wrong:
First step: We would first have to register this company with PAYE and providing them only with intern detail who will be paid; I think it can be done online.
Second step: Asking HMRC to give tax code to such intern;
Third step: when paying salary of £1000 after a month, intimating HMRC that we have paid this much amount to this person.
Am I right?
Thanks for your cooperation; your service has been great
Domenico, thanks for your reply.You are correct in your steps.Please use this link for more information on how to register as employer, adding employees and payments to HMRC etc
I hope this is helpful.
If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get credited for it.
Another question regarding the same topic: We have registered us with PAYE and asked an intern for her tax code.
Now, at the time of her pay, We will just deduct any national insurance on behalf of her from her gross pay £1000 and pay the net to her after deduction and we will not deduct any tax because its her first job during this tax year. We will update the real time information in PAYE and retain the NI deductions to submit it to HMRC on or before 5th April 2015, Am I right?
Another question is about Employer's national insurance contribution for employee, the rate of which is 13.8% for year 2014/15. what is that and do we have to pay that as well?
Thanks very much and when we will pay NI to HMRC, the day when we deduct NI amount from an intern salary or hold it till 5th April ? You have so far given best service.