Policy News Journal - 2016-17

The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal

Informal consultation

CIPP Survey – Supervision under Money Laundering Regulations 20 June 2016

There are twenty-two statutory supervisors who have been granted authority by Parliament to provide supervision under the Money Laundering Regulations 2007.

If you are an Accountancy Service Provider (ASP) you have to be supervised. An ASP can provide, bookkeeping services, payroll services, accounting, auditing or tax adviser service.

An ASP has to register with one of the twenty two statutory supervisory authorities and normally their choice would be their professional body, however in the absence of their professional body being one of the twenty two statutory supervisors the default supervisor would be HMRC.

The CIPP are currently running a short survey to establish how CIPP members, who are in business in their own right currently fulfil this legal requirement.

Full guidance on complying with the Money Laundering Regulations can be accessed on GOV.UK.

The survey will close on the 29 July and should take no more than five minutes to complete.

Back to Contents

CIPP Annual Payslip Statistics Survey 5 July 2016

The CIPP Policy team has been running an annual payslip statistics survey since 2008. The information you provide helps the team and the CIPP understand the latest trends in respect of pay frequencies, payment methods and payslip distribution. This year the survey also includes questions on Payroll Giving, salary sacrifice and automatic enrolment. The survey closes on 5 August 2016, and whilst we appreciate this is a busy time of year for all payroll professionals we are grateful for your time and would welcome your support if you could spare around 15 minutes to answer the questions in this survey .

Back to Contents

Policy Think Tank: Employee self serve 16 August 2016

The CIPP Policy and Research team would like to extend an invitation to full and fellow members only, to join us in London on 31 August 2016 when we will be holding a Think Tank, hosted by Bacs Payments Schemes Ltd.

The Policy and Research team believes that no knowledge is ever wasted and the CIPP Think Tanks look to take steps to ensure that the wealth of knowledge and experience that is held by full and fellow members can be harnessed to the full. Aim of the event The need for accurate information regarding our employees personal data is not a new requirement – however over the last year it has come to our attention that the impact of employees updating or inputting their information either by way of HR/manager self-serve functionality in software or directly through a Government facility e.g. Personal Tax Account has taken on greater importance in a couple of areas. The aim of this event is to bring together subject matter experts and CIPP members – to share experiences of challenges, pinch points and positives that will provide the opportunity for a wider understanding, which in turn should lead to less disruption (which can occur when processes aren’t clearly understood) and an ultimate aspiration would be for us to identify where improvements could be made that will improve the experiences of


Page 40

of 588

Made with FlippingBook - Online magazine maker