“Have you had to change your processes to ensure full compliance with the Coronavirus Job Retention Scheme and record checking due to the eligibility criteria for the Job Retention Bonus?”
Yes: 52% No: 48%
Whilst there isn’t a massive difference in the response rates, the majority of respondents have confirmed that they did indeed have to change their processes. This suggests that many of those who have claimed under the CJRS may have submitted erroneous claims and / or that they have needed to check all of their employee records in order to guarantee that all information is accurate and up to date. For those who have not needed to alter their processes, they will have had to guarantee that they had robust audit and checking processes in place, to prevent the withholding of bonus payments, or the need to repay any CJRS overclaims.
The Job Retention Bonus will be payable to eligible businesses who bring furloughed staff back to the office, from November 2020 until January 2021, and pay an average of £520 per month.
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New Quick Poll: The biggest challenges payroll departments face when processing the December payroll 10 September 2020 There will no doubt be a sea of groans at the fact that Christmas is being mentioned in September, but it is crucial for payroll professionals to be mindful of the fact that December will be here in no time at all! As the CIPP’s Policy and research team explore the challenges that payroll teams face during the processing month of December, we have posted a new Quick Poll online to gather the views of our members. December is typically a shorter payroll month for the majority of businesses, as they aim to pay their staff ahead of Christmas day, but this obviously has repercussions for those working within the payroll department, as they must ensure that everyone is still paid correctly, but in a much shorter timeframe. There are associated Real Time Information (RTI) considerations that must be observed to ensure that payroll is processed accurately, and in accordance with HMRC rules. It may also be the case that employers choose to offer additional perks over the festive period, such as a bonus or a gift of some description. This is to be applauded but, again, these pay elements will attract certain tax and NI implications, all of which the payroll professional must consider in their work. It can also be difficult to obtain this additional information from other departments in some scenarios. We realise that payroll professionals are extremely busy at the moment, but the Quick Poll will take less than a minute to respond to. We really appreciate all of the feedback from our members, and so would like to thank you in advance for your input. This is your chance to have your say and feed into research in the payroll sphere.
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CIPP Survey - The Net Pay Anomaly: Call for evidence on pensions tax relief administration 10 September 2020 To support the CIPP’s response to the net pay anomaly: Call for evidence on pensions tax relief administration, the policy team have produced a survey to gain your views on the proposed methods to tackle this issue. The auto-enrolment threshold is for earnings above £10,000, but the current basic tax threshold is £12,500, therefore, anybody who is earning between £10,000 and £12,500, and in a net pay arrangement pension scheme will have a full pension deduction taken from their pay, but will not receive any tax benefit on this contribution as they have not earned enough to attract tax on their earnings. If they were in a relief at source arrangement, they would only have 80% of the contribution taken from their net pay, which would then be topped up with 20% from HMRC and they would therefore enjoy the benefit of tax relief.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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