Why are payslips such a mystery?

The Chartered Institute of Payroll Professionals (CIPP) recently reported that over a quarter of employees are in the dark with regard some of the details on their payslip; almost 15% don’t check their payslip and over one in twenty employees never even look at it. These finding were the result of research carried out by CIPP earlier this year. While …

0T and NT tax codes explained

Using the right tax code for your employees is key to getting your payroll spot-on. HM Revenue and Customs (HMRC) issue tax codes, or PAYE codes for individuals that are then passed to employers or pension providers to enable them to deduct the correct amount of tax from income or pension payments.  In a situation where HMRC has insufficient information …

Reclaiming overpaid tax

Now that we have passed another tax year end there may be employees who now realise that for one reason or another they have paid too much tax. This can typically arise where you change jobs in a year or have more than one job and too much PAYE has been deducted. As an employee the simplest course is just …

Real Time Information

In July 2010 HM Revenue & Customs (HMRC) published a discussion paper titled “Improving the Operation of Pay As You Earn (PAYE)”. This focussed on improving the timeliness of the transmission of information to HMRC as a way of reducing costs for both employers and HMRC and for improving customer service to bothe employers and employees. The paper introduced the …