National Payroll Week – a blog from Ian Kelly, Tax Partner
It was all too easy with the summer holiday period coming to an end and children returning to school to overlook (wrongly!) National Payroll Week.
This year it took place from 3 to 7 September and helped to raise and maintain the profile of payroll and its importance to payroll operatives and employees.
I’m pretty certain that the depth of affection for payroll by those employed in that sector is also felt to the same degree by the nation’s workforce who are reliant on payroll bureaus across the land to make sure that their weekly or monthly net pay is correct.
Employee pay is often the largest cost for most businesses with their payroll departments helping in raising almost £4.5bn in income tax and National Insurance for HM Treasury’s coffers.
I can still remember the days of explaining, mostly face to face but also, amazingly, over the telephone, how to manually operate a payroll using record cards and tax and National Insurance tables. With ‘payroll’ now also reflecting such ‘extras’ as various credits, Student Loan repayments, salary sacrifice, pension auto enrolment, the Construction Industry Scheme and the payrolling of benefits in kind, amongst others, and subject to HM Revenue and Customs’ Real Time Information regime, it has become highly specialized.
The implications and penalties for getting things wrong mean that, in my opinion, it is a job for the experts and not one that might and can too easily be viewed as a chore and a burden on one’s time, often when time might be short!
Here at Davies Tracey we provide a comprehensive bespoke payroll bureau service to both clients and non-clients. Whilst we offer fixed price packages, we can also provide ad-hoc and bespoke service pricing upon request.
If you would like to talk to us about our payroll offering in more detail please speak to your usual Davies Tracey contact, myself or, even better, our payroll managers Sarah Gosney or Karen Fowler directly on 01642 606003.