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UK Payroll:Off-Payroll Working in the Public Sector 2017 Legislation changes
Hi
For the reference to the Paying the TAX and NICs I have come across the below scenario for the Off-Payroll Working in the Public Sector.
Pay the Tax and NICs
To work out the correct amount on which to pay tax and NICs, the engager
will need to calculate an amount of deemed employment income (and earnings for
NICs). That amount is the amount of the payment made to the intermediary, less
any VAT charged. It will also include a 5% deduction, reflecting the existing
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