Payrolling of benefits

A recent development in payroll administration means that employers can choose to deal with benefits in kind online rather than continuing to submit Forms P11D. With a genuine goal of making payroll simpler, HMRC has extended their online portfolio of services to include the voluntary reporting of many (but not all) employee benefits and expenses online and in real time. …

P11D forms demystified

What is a P11D form? Following on from the previous post on not missing the 2014-15 P11D deadline, this post explains a bit more about what P11D forms are and how to deal with them. P11D is the return that you’re required to make if your business has made benefits or expenses payments to either directors or employees or to …

Why outsourcing could make your life a whole lot easier

Outsourcing business tasks is becoming more and more common thanks to the fact that more and more business owners are reluctant to commit to employing people. In the past, if a business owner needed a marketing expert or a bookkeeper for example, the tendency was to hire someone and create a ‘mini department’ within their business for that function.  In …

Bacs for new businesses

We often get contacted at the Payroll Services Centre by people starting in business and wanting us to set up and run a payroll.  Now that’s great, no problem!  Sometimes those new businesses want to make use of the fact that we are a Bacs Bureau and pay their staff using the bacs system. And that’s where one or two …

Annual PAYE schemes

Real Time Information or RTI has now come into effect for nearly all employers. What this means is that the employers affected are required to report payroll information to HMRC when, or before employees are paid.  The vast majority of businesses are likely to pay their employees on a weekly or monthly basis, but for those businesses who pay their …

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 …

Pensions Automatic Enrolment relieves employers of their Stakeholder obligations

Introduced to the UK in April 2001 Stakeholder Pension Schemes were a direct result of the Welfare Reform and Pensions Act 1999. With the sole purpose of encouraging low, and moderate earning employees to make provision for their retirement, they offered a long awaited, low cost, low contribution, flexible pension planning solution. At that time, and since, employers who had …

Childcare vouchers and the basic earnings assessment

Operating a childcare voucher scheme as an employer means your employees have the possibility of settling all, or some of their childcare costs from their gross income, making it an attractive employee benefit for most of your employees who pay for childcare. While a few employers opt to provide childcare vouchers in addition to salary, most operate a salary sacrifice …

Is a handwritten payslip allowed?

Another payslip question has been sent into the Payroll Services Centre following on from from recent payslip queries: Where I am working we get handwritten payslips. Are they legal as they can’t be used as a proof of income? Please do advise me as to how do I get a printed payslips as I am really unhappy about it. Well …

Payslip questions

A couple of payslip related questions have been sent in to us in the last few days raising points that are worthy of a blog post to explore the answers. The questions raised are: The company that I work for has sent a memo to all employee’s informing them that there will be no more posted documents including memo’s, rota’s, …