Calendar of Events
Keeping Britain Paid
National Payroll Week 10th -14th
September 2007
National Payroll Week is lead by over 5000 members of the
Institute Of Payroll Professionals (IPP), the UK’s leading
professional body for payroll staff. Last years campaign
theme was on "Payroll Aid". This years theme is “Keeping
Britain Paid”.
The IPP has done some extensive payroll research. Did you know that:
- This country will probably be close to bankruptcy if the PAYE was not paid over on time.
- 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.
Hefty fines are imposed by HMRC for incorrect returns. Last year, many companies were fined £900 by HMRC because a P35 test return was submitted online instead of a live return.
| Penalties | ||
| www.hmrc.gov.uk | £100 x number of months (including any part months) from the due date, to the date the P35 annual return is recorded as received | Multiplied by the number of groups of 50 employees or sub-contractors |
| www.ukimmigration.com | It is a criminal offence to employ anyone aged 16 or over who has no right to work in the UK. | There is an automatic penalty of up to £5,000 for non compliance for each employee. |
| National Minimum Wage Act 1998 | It is illegal for an employer to pay less than the minimum wage. | The amount of the financial penalty is twice the hourly amount of the national minimum wage for each worker to whom the failure to comply relates for each day during which the failure to comply has continued in respect of the worker. |
These few examples only highlights how important it is to get the payroll right. 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.
For more
information on our payroll services for small
businesses, please request an
information/quotation pack.
To celebrate the National Payroll Week 2007, we will include the Chancellors 2007 budget report free. The 2007 budget spans 14 pages of legislation which should help you keep out of trouble.
This page was last updated
04/04/2008
