How do I get my SMP back from HMRC?
To reclaim the payments, include them in an Employer Payment Summary ( EPS ) to HM Revenue and Customs ( HMRC ). You can write to the PAYE Employer Office to ask for a repayment if you cannot set off the payments against the current year’s liabilities. You cannot do this until the start of the next tax year.
How is SMP recovery calculated?
The majority of employers can reclaim from the Government 92% of all amounts of statutory maternity pay (SMP) that they have paid out. Reimbursement is achieved by deducting the gross amounts of SMP paid from the total amount of national insurance contributions due for the relevant tax month.
What does SMP mean on payslip?
Information you need to work out your employee’s Statutory Maternity Pay ( SMP ): the date the baby’s due – from your employee’s MATB1 form. your employee’s intended start date for SMP , if she’s given you one. your employee’s gross pay and the dates she was paid.
How do I claim advance SMP?
To apply for the advance, you’ll need to have your Unique Taxpayer Reference number ( UTR ) or VAT reference number in your Business Tax Account. You can add this from your account homepage. If you’re an agent or you don’t have a tax account, email these forms individually: Statutory Maternity Pay (SMP)
Are keeping in touch days paid on top of SMP?
Working in the MPP for the employer paying you SMP – Keeping in Touch ( KIT ) days. You can work under your contract of service for the employer paying you SMP for up to 10 days during your MPP without losing any SMP .
Is SMP paid on top of salary?
Your employer pays your SMP in the same way as your salary is paid. They deduct any tax and National Insurance contributions. Your employer can claim your SMP back from HM Revenue and Customs (HMRC).
Do I get SMP and OMP?
Occupational maternity pay is an optional payment that you can make as an employer. You pay it on top of the Statutory Maternity Pay that you can pay your staff while they’re on maternity leave. When one of your staff goes on maternity leave, you must pay them Statutory Maternity Pay (SMP).
Can SMP be paid in advance?
you can apply for HMRC to pay you in advance. HMRC can impose a penalty of up to £3000 where employers either fraudulently or negligently claim advance funding for each employee concerned. For information about applying for advanced funding of SMP, SPP, SAP, ShPP check gov.uk here.
Do you get SMP on top of company maternity pay?
You only ever have to repay any maternity pay that is on top of your SMP – never the SMP part of your maternity pay. SMP is 90% of your wages for 6 weeks and £151.97 per week for 33 weeks and is yours to keep regardless of whether you go back to work.
Are Kit days paid in addition to SMP?
If you work a KIT/SPLIT day during your maternity, adoption or shared parental pay period you must continue to be paid your weekly Statutory Maternity Pay (SMP), Statutory Adoption Pay (SAP), Maternity Allowance or Statutory Shared Parental Pay (ShPP), but any additional pay for a KIT/SPLIT day must be agreed between …
How can I recover my SMP from HMRC?
You can recover 103 per cent of the total of all payments of SMP made in the same tax month. You must include the amount of the recovery in your Employer Payment Summary (EPS) for that tax month. If you do not, then HMRC will not take your deduction into account and expect you to pay the full amount shown on your Full Payment Submission (FPS).
When do you have to report maps to HMRC?
The rates below apply from 1 December 2014. MAPs are what you pay your employees for using their own vehicle for business journeys. You can pay your employees an ‘approved amount’ of MAPs each year without having to report them to HMRC.
How is SMP calculated for the first six weeks of maternity?
SMP rates For the first six weeks you must pay your employee SMP at the rate of 90 per cent of their average weekly earnings. You’ll find guidance on how to work out average weekly earnings in HMRC’s publication E15, ‘Employer Helpbook for Statutory Maternity Pay’. Read the section ‘Quick method for calculating Average Weekly Earnings (AWE)’.
When to return SP32 form to HMRC?
Complete and return an SP32 form to HMRC if you did not submit your PAYE information in real time (RTI) for a previous tax year.