Following a period of consultation, a policy paper has been released detailing a number of upcoming changes to the data that HMRC collects.
These changes, which include a requirement for employers to provide more detail on employee hours via Real Time Information (RTI) reporting, are not expected to come into effect until the 2025/26 tax year, at the earliest.
It is expected that employers will need to report either contractual hours worked, where these are stable, or actual hours worked where staff are paid hourly, or where hours of work are irregular.
Separate guidance is anticipated in due course, which should hopefully detail exactly what is required of employers in this respect.
Whilst there is plenty of time to prepare, changes of this nature often require forethought and planning, as a result of needing to implement new processes.
Consequently, we would encourage employers not to leave it until the last minute to think about how they will comply with any new requirements.
We will be following developments in respect of these changes with interest, and will update our clients accordingly.
To talk to one of our friendly professionals about outsourcing your payroll, and freeing up your time to focus on the bigger picture, contact GH Payscheme today.
Unfortunately, our Biggleswade office was affected by a fire overnight.
As a result, the Biggleswade office will remain closed for the rest of this week while we assess the damage and begin the recovery process.
We would like to reassure all of our clients that no client files or important documents have been damaged. The fire has affected the office building and furniture, but your records remain safe and secure.
Our other offices remain open and operating as normal. Following earlier issues, our phone lines are now operational. Calls to our Biggleswade office are being diverted to our open sites and the team are taking messages where necessary. We apologise for any inconvenience this may cause and appreciate your patience in the coming days.
We would like to express our sincere thanks to the Bedfordshire Fire and Rescue Service for their swift, professional, and dedicated response. Most importantly, we are incredibly grateful that no one was injured.
Thank you for your understanding, patience, and continued support during this time. We will keep you updated as further information becomes available.