NATIONAL PAYROLL WEEK
“As my predecessors have in previous years, I am pleased to support the Chartered Institute of Payroll Professionals’ (CIPP’s) annual National Payroll Week … I recognise the important role played by payroll professionals across the country during the pandemic and I am grateful to CIPP for working with HM Revenue and Customs (HMRC), members and the entire payroll community to support the successful implementation of the coronavirus job retention scheme. National Payroll Week is a great opportunity to celebrate the impact of the payroll industry, raise awareness of payroll issues and educate employers on the benefit of good payroll management. I would actively encourage all interested parties to take advantage of the advice and resources offered by the CIPP.” The financial secretary to the Treasury, The Rt Hon Lucy Frazer QC MP These words of support received from the financial secretary to the Treasury came just days before we kicked off National Payroll Week (NPW) 2022, and set the tone for what was a fantastic week. Monday 5 September Our policy team kicked off NPW 2022 with a payroll update, in which they covered the 2022/23 tax year so far, what’s on the horizon and the member takeover planned for Professional magazine in December. Fiona Smith, payroll trainer at the CIPP, hosted a session which demonstrated to attendees how to calculate National Insurance (NI) contributions manually. Delegates learned about NI contributions and why we have them, how to identify gross pay for NI purposes and how to calculate the correct employee and employer contributions for payment to HMRC. It was well attended, and the delegates were given an exercise to take away and practise their new skills. Samantha O’Sullivan, CIPP’s policy lead, then hosted a lively roundtable discussion on the future of payroll, at our headline sponsor, Portfolio Payroll’s offices, in London. The key themes focused on: l the strategic value of payroll and how payroll can play a part in employee financial well-being l the future of payments, particularly
around pay on demand or access to earned wages, open banking and employee choice of how to be paid l the importance of education (now more than ever), and how employers can offer support through education to support employee recruitment and retention l technology, and how automation can benefit payroll managers and allow more analysis of data. You’ll be able to read more about the future of payroll and the discussion that took place in a future edition of this magazine. Finally on Monday, to kick off NPW in style, we hosted a networking drinks reception at the fabulous London Sky Garden. This was attended by over 170 payroll professionals, and Liz Lay opened the event presenting the letter of support for NPW from HM Treasury.
Lora Murphy, editor at the CIPP, was joined by Simon Parsons, from SD Worx, and Stuart Price, from MHR, to discuss the mid-year change to the primary threshold (PT) for NI in tax year 2022/23. They were joined by individuals who had an interest in discussing what the change meant for them, their payroll teams and their organisations. The main focus was on how the change has been handled by employees, and whether there was a noticeable increase in queries regarding NI this year. Some delegates said no, there were not, while others confirmed there were several queries regarding the changes to NI. At the point the session was held, Liz Truss had just been appointed as prime minister, and one of her pledges was to reverse the health and social care levy. The group discussed the potential impacts of this for both payroll teams and software developers, and the effect this could have on employees, who have already seen two significant changes to NI this tax year. Our very own Fiona Smith hosted another bitesize training session, this time covering overpayments. This session gave an overview into the main reasons for overpayments in an organisation, with suggestions on steps that could be taken to reduce the risks in this area. Delegates also learned what steps to take when an overpayment has been made, including what to report to HMRC, and when. The session was interactive, with the use of polls and, again, an exercise for delegates to take away at the end. Wednesday 7 September Payroll operations manager for UK&I, Kelly Blake and global well-being lead, Gabby Wickes gave a session on employee well-being offerings and the changing landscape of employee well-being. Joined by Mathew Akrigg from the policy team, they detailed the well-being journey at Experian, future plans and how other companies can best implement processes for supporting employee well-being. We’re often told by our members that the Advisory Service is one of the main reasons they join the CIPP. Therefore, we made this available to all payroll professionals during NPW through our Advisory Service session. Questions were asked, and answered, on topics such as (but not limited to):
Tuesday 6 September Nick Day, chief executive officer and founder of JGA Recruitment, hosted the Payroll proficiency hour; expert discussion and live Q&A on the six key drivers that impact payroll performance. This was an interesting discussion with Jan Laurijssen and Simon Parsons from SD Worx, and Ben Myhill from Silver Cloud, covering the six drivers impacting payroll performance based on their research. This included: l how you ensure payroll remains compliant in an ever-changing world l how payroll can support broader human resources success l how you build a business case for payroll transformation.
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| Professional in Payroll, Pensions and Reward |
Issue 84 | October 2022
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