New Quick Poll: Will you / did you pay employees early around the Christmas period?
19 December 2022
The latest quick poll is now available on the CIPP news page. With only 5 working days remaining to the much-awaited merry break, the policy team would like to know if your organisation is paying or have paid employees early this festive period?
As payroll professionals we all know how important it is to report Real Time Information (RTI) via a Full Payment Submission (FPS) on or before the contractual pay date. However, special rules apply if you are closing early for Christmas or the New Year period.
If you are paying early this festive period, you must report your normal or contractual pay date on the FPS. For example, if employees are usually paid on 30th December but will now get paid on 20th December, you will have up to and including 30th December to report to HM Revenue and Customs (HMRC) for your December payroll. Reporting your usual pay date to HMRC, ensures you are compliant and this will also protect employees on Universal Credit.
Further guidance on this topic can be found on the GOV.UK site.
We also would like to give a final reminder to plan your payment deadlines ahead of the festive closure if you pay via Bacs. You can read more on this here.
The Quick Poll should take less than a minute to respond to, and we would like to thank you in advance for your participation.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.