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complete registrations – but again verification is needed which can affect the time taken to register. How long does the transfer take to reach the nanny’s bank account? Assuming there are sufficient cleared funds in the account then three working days as per BACs frequency. Based on anecdotal commentary this doesn’t always seem to be the case and there may be other reasons for causing a delay to the ‘three working days’. For example, where a parent has un-cleared funds in their TFC online account as a result of a debit card top up failing from the payee’s bank account, the payment will bounce back and that will cause a further delay; bank holidays and other non-working days (as we in payroll well-know, but parents may not be so familiar with) will also affect the duration for payments, not only coming out of the TFC account but also going in to the TFC account from the payee’s account. Having sufficient cleared funds is the key to a successful payment achieving the target of three working days. How long does it take for the payment for PAYE (pay as you earn) remittances, falling due as a result of paying the nanny, to reach HMRC’s account? Three to five working days if there are cleared funds. Stakeholders continue to lobby for the TFC service to also have a faster payment option identical to that found in our normal bank accounts; this suggestion is being explored. GPG reporting experiences As we reach the end of the first year of gender pay gap (GPG) reporting, the policy team has been doing some research with members and the wider payroll community to find out more about what your experience has been over the last year or so, both as you prepared for the first snapshot dates and then as you worked with your payroll data to calculate each figure and subsequently report the results. We held a Policy Think Tank back in February on this subject and we were delighted with the number of people who had an interest in the subject and wanted to attend. To ensure that we provided the opportunity to all who couldn’t attend, to
share thoughts and experiences, we also published an online survey which was available to all through our website and social media channels. We specifically wanted the perspective of the payroll professional who serves the reporting employer, and of course there are many different areas of expertise that are called upon to comply with GPG reporting: software development, in-house payroll professional, specialist payroll bureaux, accountant or bookkeeper, consultancy, training and education, technical author – and the list goes on. Our particular interest was to hear what the positives, negatives and lessons learned have been from this first year, and what plans have been made going forward to reporting for the second year. Whilst recognising that it is still early days, we were also looking to discover what the impact or perceived impact has been to an organisation as a result of the publication of their figures. ...many different areas of expertise
Spring enrolments now open
that are called upon to comply with GPG reporting...
We have published a white paper on our findings which is available on the CIPP website. We would like to thank all those who took the time, in whatever form, to contribute; your input formed the most valuable part of our research. n
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For more information or to enrol: Visit: cippqualifications.org.uk Email education@cipp.org.uk
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Issue 39 | April 2018
| Professional in Payroll, Pensions and Reward |
*correct at time of publication
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