The Chartered Institute of Payroll Professionals
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High impact – 18% Medium impact – 12%
Encouragingly, the majority of respondents felt that there would only be a low impact on their clients. Understandably, as payroll providers can offer services to a wide range of businesses, who each may have been impacted in different ways by the pandemic, 25% stated that the impact would vary across their client base. 18% felt there would be a high impact, with the lowest response rate for medium impact, at 12%.
As a quick reminder, throughout the pandemic, the Pensions Regulator (TPR) have reminded advisers that although their clients’ businesses may have changed, their AE duties haven’t.
AE responsibilities include:
Maintaining contributions – employers have a legal responsibility to pay the correct contributions on time to their staff pension scheme
Re-enrolment – every three years, employers must put certain staff who have left the pension scheme back into it. Re- enrolment is a two-stage process, employers could risk a fine by not completing their re-declaration of compliance
Nominate a contact – at a time where staff changes may have taken place, it’s vital to keep TPR updated with the correct nominated contact information. If the business fails to receive TPR messages, there is a risk of being non- compliant with AE duties
For further information and guidance please visit TPR’s Covid-19 guidance page.
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Quick Poll: Potential impacts of changes to unpaid parental leave 9 July 2021
The CIPP’s Policy team wants to explore how potential changes to the ways in which employees take unpaid parental leave could impact payroll departments. To do this, we have launched a new Quick Poll, and we need your responses!
At present, eligible employees can take up to four weeks’ worth of unpaid parental leave to look after each child and adopted child, up to their 18 th birthday. This must be taken as whole weeks, and not individual days, unless the employer agrees to those individual days, or if the child is disabled.
The Quick Poll centres on whether a move to allowing unpaid parental leave to be taken as individual days for all employees would have significant impacts on payroll departments, in terms of adjusting pay accordingly.
We know that payroll professionals are extremely busy, but the Quick Poll will take less than a minute to respond to. Thank you in advance for your participation.
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Raising Standards in the Tax Advice Market – CIPP publish response 21 July 2021
The CIPP has published a response to the consultation Raising Standards in the Tax Advice Market.
On “Tax Day” in March 2021, HMRC published a consultation on raising standards in the tax advice market. The consultation focused on two key points:
The Chartered Institute of Payroll Professionals
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