CSLM17040 - SL repayments: borrower within PAYE: end of year
The introduction of the Collection of Student Loans (CSL) scheme has little impact on the existing RTI End of Year
- Obligations on employers
Or
- Procedures
Employers’ CSL responsibilities at the end of the year
The employer should
- Maintain a record of all Student and or postgraduate loan deductions made
And
- Show these amounts separately on both the monthly and final Full Payment Submission (FPS) forms
Where Student and or postgraduate loan deductions have been made during the year the employer must enter the amounts on each of the following forms
- FPS - The final FPS for the year should show the student and or postgraduate loan deductions made in that final period
- P60 - Certificate of pay and so on deducted - ‘Student and or Postgraduate Loan Deductions in this employment’
- Employer enters the total amount of Student and or postgraduate loan deductions in this employment
The existing time limits for submission of the Final FPS submissions to HMRC remain unaltered.
Identifying ‘Student Loan’ employers
If an employer employs Student and or postgraduate loan borrowers a Student Loan signal will be visible in
- Function VIEW EMPLOYER INDICATORS in the Employer Business Service (EBS)
- Format 9 of Function VIEW BROCS in EBS
- Format 5 of Function VIEW BROCS in EBS (shows ‘SLOAN’ when signal set and ‘CANSLOAN’ when signal removed)
Discrepancies
Individual End of Year discrepancies will be picked up by East Kilbride Student Loans Unit. The Student Loans Service (SLS) will provide the computer support to identify and handle End of Year discrepancies. For more information see the subject ‘Student Loans Service’ in this section.