The age threshold for the National Living Wage (NLW) will reduce from its current level of 25 years of age, to 23 from April 2021. The Opera NLW system table has therefore been updated for this age reduction. This age reduction has also been reflected in Opera’s Payroll calculation and reporting functions.
This includes payroll changes for the 2020-21 year-end and the 2021-22 tax year.
More guides with Opera technical changes are available on our Support Portal
Scottish Student Loans – Plan Type 4
Scotland will be raising their student loan earnings threshold to £25,000 from April 2021. This threshold will be for new and existing borrowers and the repayment period has also been reduced to 30 years, previously 35 years which will bring it in line with England and Wales. As a result of this increase, a new Scottish student loan plan, type 4 has been introduced. This plan type will be applied at a 9% deduction rate.
For the 2020-21 tax year, HMRC are no longer providing pre-printed P60 stationery. Therefore, the option to print to HMRC stationery has been removed. The P60 design itself has been updated for the 2020-21 tax year and includes the new Statutory Parental Bereavement Pay box and new text has also been added to the Certificate by Employer/Paying Office section. The report can now be printed on plain paper in either colour or monochrome format and uses the approved HMRC substitute P60 design.
The Fuel type field on the Company Car Benefits form in Payroll Processing – Payrolling Benefits and also the Car and Car Fuel section in the Benefits form in the Personnel application has been uplifted to display all the available fuel types for P11D benefits for the 2020/21 tax year. HMRC have made various description adjustments on the P11D form, Opera 3 has been updated to reflect these changes. Fields relating to approved zero emissions mileage have been added to the 3 car tabs in Personnel Benefits.
Two new reports (Standard & Excel variants) have been added to this release to handle the Coronavirus Job Retention Scheme (CJRS) from February 2021 to April 2021. Both reports are available from the Payroll, EOY/Special Reports – Advanced Pay/Ded List report.