CIPP FUTURE OF PAYROLL REPORT 2019
“MANAGING FOREIGN WORKERS, WORKING TIME REGULATIONS (DESPITE ASSURANCES THAT IT WON’T BE CHANGED I HAVE DOUBTS).”
“EUROPEAN STAFF. CHANGES IN LEGISLATION AWAY FROM EU. NECESSARY TAX RISES TO COVER THE MESS IT WILL LEAVE BEHIND.”
“CHANGES IN LEGISLATION THAT WE MAY NOT BE PREPARED FOR.”
“NO CONCERNS OVER IN-HOUSE PAYROLL. HOWEVER, WE RUN A PAYROLL BUREAU, THEREFORE, MORE LIKELY TO HAVE AN EFFECT ON CLIENT PAYROLLS. NOT ENOUGH INFORMATION ON HOW BREXIT MAY AFFECT PAYROLL.”
Overall, it looks like there is a positive outlook with regards to payroll but clearly there is some nervousness about what will happen next and the lack of real information.
Next, is blockchain (allows digital information to be distributed but not copied, plus by using Bitcoins you essentially deal in crypto-currency rather than sterling, dollars and euros). To do this justice please read the next section where we look more at this in more detail.
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