With The National Living Wage due to come into force in April 2016 many employers are worrying about how they will cope with the increased wage bill. With an estimated 2.7 million people expected to directly gain as a result, one thing to be mindful of is the fact that many people will feel more motivated to work as a result of the increase in their pay. A more motivated and happy workforce is proven to lead to increased productivity and a decrease in sickness…
This week was National Payroll Week - an ideal opportunity to thank your company's payroll department for their hard work. National Payroll Week ran from 1st to 5th September. Hosted by the Chartered Institute of Payroll Professionals (CIPP), National Payroll Week is dedicated to raising awareness of the important part that payroll plays in the UK economy. Created to raise awareness and recognise those professionals in the payroll industry, it also acts as a campaign to teach workers about how there pay and benefits works. Taxable…
Over 30 per cent of small and medium businesses (SMEs) are unprepared for auto enrolment, according to a new survey from Moorepay. The figures revealed that 30 per cent of the 2,500 SMEs surveyed are oblivious or unsure of their responsibilities for the new workplace pensions laws. Futher anaysis of the survey revealed that there were more 'unsure' companies who had either 5-49 or 4 or less employees - 50 per cent and 40 per cent respectively. The Pensions Regulator (TPR) has said that the most…
One of our Payroll Managers, Val Walker, has been recognised for outstanding achievement and has been listed in the acclaimed Payroll Top 50. Every year, Payroll World Magazine recognises the hard work of outstanding professionals that have made an impact on payroll over the last year. The list, which includes a wide range of well-known names from politicians to payroll managers, is an opportunity to celebrate a group of outstanding individuals as well as the payroll experience, legislation knowledge and entrepreneurship found in the payroll…
Payroll processing is taking longer than ever for some firms since the introduction of Real Time Information (RTI) last year, according to HMRC research. Out of the 446 employers surveyed by HMRC, 25% found that reporting their End of Year returns takes much longer now that they have to do it in real time. The report found that the majority of those surveyed, 79%, asked for help from either HMRC or their payroll provider – with 49% having trouble with technical issues. A further 28…
Higher penalties are being imposed on employers who fail to pay National Minimum Wage rates. Employers could be publicly named and shamed by the Department for Business, Innovation and Skills or even face prosecution. Why do we have a National Minimum Wage? National Minimum Wage legislation was essentially introduced to stop exploitation of workers and to provide a fair labour market. The legislation sets out the pay rates per hour which employers must pay their employees. There are three age-based rates and an apprentice rate.…
The P38(s) procedure is still with us for the 2011/12 year, but when should it be used and when should a P46 be used instead? The CWG2 Employers Further Guide to PAYE & Nic’s now calls the P38(S) a Special Procedure – You can use a P38(S) but it does not have to be in this format and can be your own version provided that it covers all the same questions and is only where: The student is going to work during term holiday periods…
