- Marketing and Business Development Manager
- +44 (0)330 124 1399
- Email Tracy[email protected]
Suggested:Result oneResult 2Result 3
Sorry, there are no results for this search.View all people
New regulations regarding the information given to employees on payslips come into force from 6 April.
Employers will be required by law to provide all employees with a payslip that shows more detail regarding the number of hours worked when pay is variable.
The new regulations will make it easier for employees to see if their employers meet or exceed the national minimum wage. This will help bring transparency of what is actually being paid.
Rosalind Elsmore, Payroll Manager, said: “Whilst most employers will already give their staff payslips, a number do not include a breakdown of the hours worked. This is likely to cause problems for employers where they do not keep sufficient records of time worked.
“It is believed to be part of a wider move by the Government to give individual employees more information and a right to know exactly what they are being paid for. It will clearly highlight where employers are failing to meet the minimum wage.”
The change also marks the growing importance of an accurate payroll as HMRC looks to manage the tax aspects of in-work benefits through the payroll function.
Rosalind explains: “The end of the annual P11D form which employers are required to produce every year outlining the cash equivalent of taxable benefits for staff, such as company cars, is getting closer. Taxable benefits will increasingly be managed through payroll on a week by week or month by month basis.”
We can support employers through outsourced payroll services ensuring they are up to date and meeting their obligations to their employees. And if you’d like to learn more please contact Rosalind Elsmore here.
Share this article
Our complimentary newsletters and event invitations are designed to provide you with regular updates, insight and guidance.
You can unsubscribe from our email communications at any time by emailing [email protected] or by clicking the 'unsubscribe' link found on all our email newsletters and event invitations.