The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Bacs extend deadline date for new security requirements 10 June 2016
Bacs reported recently that around 1000 businesses have failed to make the necessary changes to meet the 13 June deadline. A grace period of 3 months has been provided to ensure their payment commitments are met.
These businesses risked being unable to pay staff and suppliers , forcing Bacs Payment Schemes Limited (Bacs) to step in and give them a grace period in order to make sure they can meet their payment commitments. The new deadline has been set as 19 September 2016.
Bacs’ Mike Hutchinson said:
“We have been telling businesses about these changes for well over a year, and we’re really disappointed that some haven’t taken us seriously. This is the last chance for them to do so – if they don’t make the necessary upgrades by the new deadline, they won’t be able to use Bacs to pay staff or their suppliers; they’ll have to make other arrangements.” The security changes - called SHA-256- SSL - are driven by the global internet community, which will adopt these improved security measures at the end of this year. At that stage, all organisations needing to communicate securely with users across the internet and via extranets will be impacted. Bacs is making the change early to avoid any last minute issues when the existing SHA-1 certificates are switched off. At the same time, the company is withdrawing support for older connection protocols to provide even more protection, with only TLS 1.1 and 1.2 supported after the deadline. Businesses choosing not to adopt compatible software upgrades, and an operating system that will support the changes, will have to make alternative arrangements to pay staff and suppliers after 19 September. They will not be able to access Bacs after that final deadline, and there will be no further extension to the date.
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Payroll Giving sees a 3% increase 30 June 2016
The Association of Payroll Giving Organisations (APGO) has announced that the amount donated to charity via Payroll Giving schemes increased by £3.5m this year.
Figures provided by APGO members show that employees from companies around the UK gave £122.5m in the financial year 2015-16, compared to £119m in the year 2014-2015, a 3% increase.
More than 1 million people give directly to charity through their company’s Payroll Giving scheme.
Employers who generously match their employees’ donations have also given more, with their additional contributions totalling £7m, an increase of 6% on last year. It means that £130m in total went to good causes via Payroll Giving last year.
Panikos Efthimiou, Chair of the APGO, said;
“Our members are thrilled by this good news and we would like to thank the huge numbers of employees across the UK who are supporting a charity each and every payday.
Payroll Giving is a great way to support good causes which is tax-effective, hassle-free and provides a crucial regular source of income to thousands of charities.”
Further information about the APGO can be found on their website . Back to Contents
The Chartered Institute of Payroll Professionals
Policy News Journal
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