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ISSUE 6
Employers may need to decide what policies they implement and communicate with their employees and workers about paid bank holidays and the Christmas and New Year holiday season. Paying early As part of the October 2024 HMRC employer bulletin, there is a reminder for employers that where the pay date is brought forward for early Christmas season payments, that the normal or regular payment date is reported on the Real Time Information Full Payment Submission and not the actual payment date. For example: if you pay on 20th December but your normal payment date is 31st December, they instruct that the payment date reported is 31st December and that the FPS submission is sent on or before 31st December. Doing this helps protect the employees’ eligibility for income-based benefits such as Universal Credit, as an early payment could affect current and “Employers may need to decide what policies they implement and communicate with their employees and workers about paid bank holidays and the Christmas and New Year holiday season.”
future entitlements causing Universal Credit Christmas shock that employers will want to avoid for their employees. It’s the season to be jolly We wish you all a very happy seasonal payroll, hope all goes smoothly and that you have a happy New Year!
Author: P Simon Parsons MSc FCIPPdip MBCS
Simon Parsons has been a major contributor to SD Worx’s payroll expertise since 1984. Besides being influential in the development of SD Worx’s payroll services, he is also a key presence on several HMRC consultative groups and committees. A fellow of the Chartered Institute of Payroll Professionals and one of the original Masters of Science in Payroll Management, Simon is a regular author and speaker on reward and payroll. He is Chair of IReeN, the electronic exchange with government user network, and Honorary Chair of the BCS (the chartered institute of IT) Payroll Specialist Group.
Simon is a regular GPA panellist and contributor. Payroll, HR and Legal Services | SD Worx
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