CSLM17035 - SL repayments: borrower within PAYE: remitting deductions to HMRC
The introduction of the Collection of Student Loans has no affect on
- The frequency with which an employer makes payments of tax, NIC and so on to HMRC
Or
- The time limits applying to such payments
Student and or postgraduate loan deductions are an additional charge that must be paid over to HMRC together with tax and NIC.
In-year remittances
The employer should continue to make payments to HMRC at the agreed monthly or quarterly intervals.
In order to conform with banking requirements it is not possible to amend the payslips that accompany in year payments to HMRC. The amounts of Student and or postgraduate loan deductions are therefore lumped together with the amounts of tax shown on the remittance slip.
However the Employer’s Payment Record, form P32, does allow the employer to maintain a breakdown of Tax / Student Loan/Postgraduate Loan deductions. This will be required at the end of the year.
End of year remittances
The End of Year procedures that apply in RTI and the time limits also apply to student and or postgraduate loans. Form P60 includes columns for Student and or postgraduate loan deductions.
How Student Loan receipts are handled by HMRC
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