CSLM17035 – SL repayments: borrower within PAYE: remitting deductions to HMRC

The introduction of the Collection of Student Loans has no affect on

• The frequency with which an employer makes payments of tax, NIC and so on to HMRC

Or

• The time limits applying to such payments

Student Loan deductions are an additional charge that must be paid over to HMRC together with tax and NIC.

In-year remittances

The employer should continue to make payments to HMRC at the agreed monthly or quarterly intervals.

In order to conform with banking requirements it is not possible to amend the payslips that accompany in year payments to HMRC. The amounts of Student Loan deductions are therefore lumped together with the amounts of tax shown on the remittance slip.

However the Employer’s Payment Record, form P32, does allow the employer to maintain a breakdown of Tax / Student Loan deductions. This will be required at the end of the year.

End of year remittances

The End of Year procedures and time limits remain unaltered. However, forms P14, P35 and P60 all include columns or boxes for Student Loan deductions.

Although in - year remittances do not distinguish Student Loan deductions from tax, the End of Year forms must show these amounts separately in order that HMRC can accurately calculate the amounts of Student Loan repayments collected during the year.

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)