Here at JLP Payroll Services we provide a quick, efficient and accurate outsourced payroll service for our clients, who are mainly small businesses that don’t have a dedicated or separate HR or finance department to run the payroll internally. Using us means they don’t have to employ anyone to run it for them, allowing them to concentrate on running their business.
Apart from all the obvious things about running a payroll – PAYE, NI, holiday pay, maternity pay to name a few – the most important thing is getting it right and on time. Given that HMRC is constantly changing and refining it’s rules, we have to make sure we are on top of our brief to make sure that you don’t have to worry.
How Many Payroll Changes Are Made?
This year alone there have been over 100 changes to the rules and regulations concerning Pay as You Earn, all of which we make sure we are aware of, full understand and are compliant with. Some of them are fairly straightforward. Others are more complex.
They are all easy to find on the HMRC website, but it’s a lot of reading with a great deal to take in. Here are just a few PAYE changes from the April to June 2016 period.
- Rates and thresholds for employers 2016 to 2017 (26 May 2016)
These are the building blocks of any payroll – the rates and thresholds for income tax, national insurance, the minimum and living wage rates, maternity and paternity pay, sick pay, etc.
- Advisory Fuel Rates from 1 June 2016
These Advisory Fuel Rates are for company car users, when they can use them, and how they are calculated.
- What happens if you don’t report payroll information on time (23rd May 2016)
This is an important one. You can get a penalty if:
- your Full Payment Submission (FPS) is late
- you didn’t send the expected number of FPSs
- you didn’t send an Employer Payment Summary (EPS) when you didn’t pay any employees in a tax month
If all this sounds like hard work, then that’s one reason why people use us as we do it all for you. Our payroll software sends a Full Payment Submission (FPS) to tell HMRC Revenue and Customs (HMRC) about payments to your employees and what deductions you’ve made.
Some employment types have different rules for entitlement when it comes to paternity pay. These include: agency and casual workers, agricultural workers, directors, some NHS staff and some educational workers.
Contact Us for Information on our Payroll Service
If you think your company could benefit from an outsourced payroll services, so that you don’t have to keep up with HMRC’s legislation , contact us or call us on 0121 422 0550 for an initial chat.