The Chartered Institute of Payroll Professionals
News On Line
As part of his keynote speech at the Conservative party conference, the prime minister encouraged people to “get back to work in the normal way.”
Johnson made the statement that “ we know that a productive workforce needs that spur that only comes from face-to- face meetings ” mirroring past statements by Rishi Sunak that returning to the office is essential for young people to learn on the job.
The impetus to return to the office is likely aimed at reviving the highstreets that have been affected most by the move to working from home and lack of footfall.
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Coronavirus Job Retention Scheme (CJRS) claim deadline – 14 October 2021 13 October 2021 Following the closure of the CJRS, claims for September 2021 must be made by no later than 11:59pm on 14 October 2021. Amendments to September claims already submitted can be made until 28 October 2021. No further claims can be started or amended after these dates.
The level of government contribution for September is 60% of a worker’s usual earnings, up to £1,875, with an employer contribution of 20%, up to £625. This ensures the 80% of total pay guaranteed to workers under the CJRS.
The CJRS was first announced on 20 March 2020 to support both employers and individuals through the turbulence caused by the outbreak of coronavirus. After multiple extensions, the scheme finally closed on 30 September 2021.
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Payment Landscape Review: HM Treasury’s response to call for evidence 20 October 2021 HM Treasury released the government response to the call for evidence looking into the future of the payments landscape. The consultation, which ran from 28 July 2020 to 20 October 2020 received 68 responses from a range of stakeholders. The governments vision for the payment sector to be the “forefront of technology and innovation.” This vision has high- level aims to benefit end users, develop new and existing payment networks and for UK payment systems to be stable, reliable, and efficient.
Key areas that will require government action, legislation and industry uptake are:
Equipping faster payment for the future o
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Ensuring the UK’s payment architecture is world leading
• Unlocking open banking enabled payments safely and securely o
Enable customers to pay for goods and services directly from an account, rather than with a debit or credit card Enhancing cross-border payment o Allowing businesses that deal outside the UK to process payments seamlessly and cheaply
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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