From April 2020, the holiday pay reference period will be lengthened from 12 to 52 weeks. The new regulations, which take effect from April 2020, will ensure anyone in seasonal work or with abnormal working hours receives the paid holiday to which they are entitled. The current Pay reference period only looks back at successful […]
HM Revenue & Customs (HMRC) has recently confirmed that the real-time information (RTI) full payment submission (FPS) must be submitted on or before the date that the employee is paid, unless the normal payment date falls on a non-banking day – Saturday, Sunday or bank holiday. On these occasions, payment is made on the last […]
Some employers find it more useful to operate a carpool making a number of cars available for use by employees when they have to make a business journey, as opposed to allocating specific cars to selected employees. Provided certain conditions are met, no benefit in kind tax charge will arise where an employee makes use […]
Recent research undertaken by Intuit QuickBooks indicates that around 45% of SME employees have paid too much tax due to errors in their payroll, and would benefit from the services of an accountant! The same research shows 77% of SME employees believed, incorrectly, that it was not their responsibility to check they are paying the […]
Businesses that flout their workplace pension duties face being subjected to random spot-checks by the Pensions Regulator. Employers that provide details to HM Revenue & Customs (HMRC) are having that data cross-referenced by the watchdog in an attempt to identify non-compliance with auto-enrolment. The checks are designed to identify businesses that are failing to enrol […]
A recent report from the Pensions Regulator shows that fines issued to employers that fail to comply with their auto-enrolment responsibilities have more than doubled over the last two years. In 2017/18, there were 36,137 fines issued to employers for not complying with the requirements of auto-enrolment – up from 14,708 such penalties in 2016/17. […]
Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll. This task consumes a large amount of time each month, with multiple processes to complete in order to comply with legislation and pay workers on time. The […]
