Accounting News

Has your company changed its payslip information?

Has your company changed its payslip information?

From April 6th payslip information changed – is your company prepared?

Thursday 4 April, 2019

New legislation introduced on 6th April 2019 brings changes to the information your company must provide on its payslips.  This follows changes to the Employment Rights Act 1996.

We recommend that you review your current HR policies and the way your payslip information is presented to ensure you are fully compliant. Please  contact a member of the Visionary Accountants team on 01727 730550 or complete our booking form if you have any concerns regarding this new legislation.

What changes should your business make to payslip information?

  • Employers must include the total number of hours worked on payslips where the pay varies according to the number of hours worked (for example, under variable hours or zero hour contracts).
  • Payslips must be provided to 'workers' and not just employees.

Who gets a payslip?

From 6th April 2019, the statutory right to receive an itemised payslip will be extended to include all ‘workers’.  This includes agency workers, who must get payslips from their agency.  Previously, this right only applied to employees.

Variable hours

For pay periods which begin on or after 6th April 2019, a payslip must show the total number of variable hours a worker has worked. This is only required when workers receive a different wage depending on the hours they have worked. This might be because they have worked overtime, the number of hours they work changes in each pay period, or the rate they get for working certain hours is different.

The payslip only needs to show the hours that actually vary. For example, where a worker has a fixed salary each month but also works overtime, only the hours of overtime need to be shown.

These hours can be shown as a single total relating to the pay period or they can be broken down (for example, in to different rates of pay).

Tena Wallace, HR & Payroll Director, Visionary Accountants, St Albans, Hertfordshire said:

‘We have been working with our payroll clients to ensure their payslips comply with the new legislation for the 2019/20 tax year.  Visionary Accountants offer a variety of Payroll and related services for many small and medium sized companies based in Hertfordshire and London. Complete our booking form or contact us on 01727 730550 to discuss how we can offer a cost effective payroll package for your business.  We offer a FREE initial consultation.’

 

Arrange your FREE initial consultation

Our team of Accounting & Bookkeeping experts will be happy to meet with you to discuss your business requirements. Complete the form below or call 01727 730550 to arrange your FREE initial consultation.

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