If you employ students to manage your staff needs over the summer break period, you will need to add them to your payroll and apply PAYE and NIC rules.
Students should be advised that they will pay tax and NIC if:
- they earn more than £1,042 a month on average, and
- pay NIC if they earn more than £166 a week.
Students can also apply for a possible tax refund if they work for part of a tax year.
Students who normally live and study in the UK but work abroad during the holidays will need to pay:
- UK tax on anything they earn above their Personal Allowance, currently £12,500, and
- National Insurance if they work for a UK employer.
If you work for a foreign employer you don’t need to pay National Insurance in the UK, but you might have to pay contributions in the country you’re working in.
- Time to check Minimum Wage Rates? - July 22, 2021
- Claiming for work-related expenses - July 20, 2021
- Is inflation something to be concerned about? - July 15, 2021
- Is July 19th freedom-day? - July 13, 2021
- Business rates overall for England - July 8, 2021
- Furlough support changed 1 July 2021 - July 6, 2021
- Tax Diary July/August 2021 - July 1, 2021
- Taking goods abroad to sell? - July 1, 2021