This form needs to be signed by any student working for you during a tax year. A form needs to be signed in each tax year a particular student works for you. As a result of signing the form, the student will not have tax deducted at source however NI is still due.
Don't get caught out where a student who as previously worked for you works the Easter Holiday which falls across two tax years. This then results in the first part of the work being paid tax free but then the second part being taxed as a result of you failing to get a new form signed.
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