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Policy teamupdate
The CIPP’s policy and research team provide an insight intowhat they’ve been up to recently
And then therewere four… Policy is delighted to confirm that we have some new team members! Maaz Naeem joined on 2 March 2022 as a policy and research officer. He is excited to get involved in writing articles, presenting and engaging with CIPP members. Maaz is extremely passionate about payroll and aims to raise the profile of the profession in his new role. Samantha O’Sullivan has also joined the team as policy lead, as we bid farewell to Samantha Johnson in mid-April. Samantha brings with her a wealth of payroll knowledge and over a decade’s worth of experience of working in the profession. Find out more about both new team members in Movers and Shakers on page 38.
Insurance (NI) contribution rates from 6 April 2022. The panel also spoke about the new employer NI reliefs, available to claim via payroll for tax year 2022/23 – one for eligible veterans and the other for eligible freeport employees. (The employer NI relief for veterans came into effect from 6 April 2021 but can only be claimed retrospectively from April 2022 onwards. Claims for 2022/23 onwards can be processed in real time.) As holiday pay is such a hot topic and case law is constantly developing, this was the third topic the panel covered. The session closed with discussion of the recent private member’s Bill which has proposed that the lower earning threshold be removed, and automatic enrolment extended to all individuals 18 and over. Although the Bill has been delayed for this Parliamentary year, it’s an area which could have a substantial impact on payroll in the future. BeKnowledgeable: national minimumwage (NMW) Building on the success of last year’s award-winning BeKnowledgeable series, policy lead, Samantha Johnson is back with a bang to discuss the ever-popular topic of NMW. This session will cover some of the nuances of calculating and paying the NMW, with a key focus on compliance. The consequences of non-compliance could result in substantial fines and your organisation being on the Department for Business, Energy and Industrial Strategy's 'name and shame' list. Be sure to sign up to learn more about NMW. Forums update There were several forums that the team attended in March. The first was the collection of student loans consultation
group. Payroll professionals will be eager to receive an update on the future of student loans, given the announcement that all new borrowers from September 2023 will begin to repay their student loans once they earn £25,000 and above. The repayment term will also be extended to 40 years. The group confirmed that a new student loan plan type would be introduced, but didn't give any exact dates. The employment and payroll group also met to discuss any problems with administering payroll obligations and general employment tax issues. The agenda was as follows: ● health and social care levy update ● hybrid/homeworking expenses ● raising standards in the tax advice market ● child maintenance ● freeports employer NI contributions (NICs) relief and NICs holiday for employers of veterans.
The CIPP’s Payslip Statistics Survey
One of the CIPP’s flagship pieces of research, the Payslip Statistics Survey , was launched in March of this year. The response was brilliant, so thank you to everyone who took part. The associated report will be made available in mid-April, and will include a discussion on the results of the survey, including: ● the most popular pay dates ● the information included on payslips ● how payslips are distributed ● how holiday pay is denoted on payslips. CIPP’s technical panel The CIPP hosted another of its technical panels to discuss everything impacting payroll, as well as topics that payroll professionals should keep on their radars. The panel consists of 14 payroll experts, all of whom represent professional bodies, private and public sector payroll or payroll software providers. Of course, there was discussion of the upcoming health and social care levy, as we prepare for the increase to National
Payroll pets Do you have a tax tarantula, a financial fish or a payroll puppy? If so, we want your snaps! Pets are a source of true happiness and are great for helping with mental well- being. To be in with the chance of seeing your pet in the pages of Professional , please email editor@cipp.org.uk . Please include your pet’s name, breed, age and a little bit about them, along with your job title and organisation. n
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| Professional in Payroll, Pensions and Reward |
Issue 79 | April 2022
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