Payroll and Fringe Benefits

The purpose of this session is aimed to assist payroll officers to carry out the following tasks:

Session 1

• Identify the jurisdiction to tax
• Determine the type of income which stands to be charged as employment income
• Identify and classify fringe benefits.
• Be able to distinguish between taxable fringe benefits and exempt fringe benefits
• Determine the taxable value of benefits.
• Compute tax on fringe benefits
• Understand the rules regarding part-time work
• Understand the provisions relating to employment exercised abroad.
• Specific regimes for employment income

Session 2

• Understand how the Final Settlement System (FSS) works
• Identify the rate of tax applicable to an employee (single/married / parent)
• Compile payroll compliance documentation
• Contents of a payslip
• Leave entitlement
• Identify the different Social Security categories and calculate national insurance payments for employees and self-employed individuals, including maternity fund contributions.
• Tax and Social Security Contributions implications on crew members working on a vessel.
• Social Security Forms (A1, S1, U1)
• Compute fringe benefits and tax calculations (including examples)

The Speaker

Aaron Micallef Piccione is a dedicated Payroll and Business Development Executive at Fenlex. He has over 20 years of Experience as a Business Owner with a history of working in the Aviation, Printing, Catering, Finance and Real Estate Industries, amongst others.

Aaron is accredited as a Certified Business and Entrepreneurship Coach, and holds a Diploma in Business Consultng and an ACCA Diploma in Business and Finance.

During Aaron’s experience as a Business Owner as well as in his Professional Career, he gained a great deal of expertise and knowledge in various industries and business development.