National Payroll Week

People Counts, People Matter

The National Payroll Week 7th - 11th September 2009

With the two year anniversary of the credit crunch on the 4th of August only recently behind us, the topic of saving and surviving the economic downturn is still a prevalent issue. IPP is encouraging payroll professionals to celebrate National Payroll Week (NPW) from the 7th to the 11th of September and promote this year’s theme of ‘People Counts, People Matter’

NPW is a vital part of the payroll professional’s calendar, as it helps to raise awareness for the important role payroll plays in the everyday lives of the UK’s workforce, in business and the wider economy.

This years theme, Payroll Counts, People Matter aims to celebrate the important role which individuals have within the payroll process, and aims to encourage businesses to recognise the invaluable contributions of payroll professionals. Our online video demonstrates how we work at CompuPaye.

When the payroll envelope leaves our premises, our error rate is less than 1 error in every 1000 employees. We have a 4 stage quality control process to keep the errors to this level.

The IPP has done some extensive payroll research. Did you know that:

Payroll is a mission critical function for all organisations. Annually, the UK’s 2 million employers pay over £1trillion in wages and benefits with over £200 billion in statutory deductions remitted to government and over £95 billion in health and retirement benefits
This country will probably be close to bankruptcy if the PAYE was not paid over on time.
A company with 500 employees that submits incorrect P9/P11Ds could face up to £1.5 million fines from HMRC – giving us a lot of responsibility to get it right!
Payroll Professionals are responsible for over 95 billion in health and retirement benefits.
The PAYE collected by us Payroll Professionals is nearly half of the total taxes the UK Government receives.
Payroll Professionals are responsible for more than 2900 HM Revenue & Customs (HMRC) forms.
We have to keep abreast of the ever changing regulations. IPP has identified around 1000.
Payroll Professionals pay more than 50 million employees every month involving 1,000 different regulations.

The IPP recognises that people can make a difference and by investing in their development, organisations can help individuals to reach their full potential for the benefit of the business. As the role of the payroll profession continues to expand in complexity so too has the importance of staff training. We are Investors In People and an AAT Accredited Employer committed to the training and development of our payroll staff.

The IPP is a 24 year old membership organisation that wants to achieve Chartered status by 2010. People who work in the payroll industry have seen a fundamental shift in the way they work recently because tax legislations have become more complicated and the Government has moved the burden of collection onto the employer.

This page was last updated 24/01/2010