Financial Help for Statutory Maternity and Paternity Pay – 04/03/2015

Taking its news from HMRC’s website, Intelligo has announced that as an employer, you can usually reclaim 92% of employees’ Statutory Maternity (SMP), Paternity and Adoption Pay.

You can recover 103% if your business qualifies for Small Employers’ Relief. You get this if you paid less than £45,000 in Class 1 National Insurance in the last complete tax year before the qualifying or matching week (or the official notification for overseas adoptions).

How to Reclaim

Calculate how much you’ll get back using your payroll software. 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 can’t set off the payments against the current year’s liabilities.

PAYE Employer Office
Room BP4102
Benton Park View
Newcastle Upon Tyne
NE98 1ZZ

Complete and return an SP32 form to HMRC if you didn’t submit your PAYE information in real time (RTI) for a previous tax year.