payroll changes

We are currently putting procedures in place for the changes coming in to play for the new tax year.

I thought it would be useful as an employer for you to know what the changes are so you can make sure you are complying with the legislations too….

There are 3 main changes being put into place from the 6th April 2019: –

Itemised payslips – In preparation for this, you as the employer must review your business and payroll data processes to check compliance with this new law – amend your processes and configure your payroll operation, to enable the correct hours and information to be provided. You can read more about this here.

I also found this helpful pdf on the GOV website, that shows different examples of how employers will need to amend their procedures depending on how they pay their employees. This will be helpful to check the way you pay your employee’s is inline with the new legislations. 

National Minimum wage- You will also need to ensure that all employees/workers are receiving the correct rate of pay for their age. Please see the new national minimum wage rates below.

Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice
April 2018 (Current Rate) £7.83 £7.38 £5.90 £4.20 £3.70
April 2019 £8.21 £7.70 £6.15 £4.35 £3.90

Pension Contributions – The contribution percentages for employees and employers are being increased to 5% for employees and 3% for employers. It is your responsibility as the employer to ensure these have been implemented when the April payroll has been processed.

If you would like any help or further information on this, we are always happy to help.