The last 18 months have been more than challenging for companies to navigate. The furlough scheme provided much-needed relief for employers who had to shut down operations or reduce staff, but as the months went on, the scheme became more complicated. New changes to the scheme each month created errors in payroll and confusion for payroll teams. Now that furlough is ending in September, is your payroll ready for the change?
Depending on the number of employees on the furlough scheme or if you plan to bring some employees back to full time work, your payroll is changing as of 30 September. For employees on the furlough scheme in August and September, the government will provide 60% of wages up to a cap of £1875 per month for employees. Claims for August and September must be filed with HMRC by 14 October, and any amendments must be submitted before 28 October.
If your team is manually calculating furlough and payroll each month, there is a better way to manage your employee payroll. Using cloud-based software that automates your payroll process and direct files with HMRC is the best way to maintain control and reduce the possibility of manual error. More than 80% of companies in the UK have reported errors in payroll due to furlough, so it is important as the furlough scheme ends to get your payroll back in control.
Payescape has created easy-to-use, cloud-based software with automated updates to payroll regulations, customised reporting to view payroll in real-time, and direct filing with HMRC. Our CIPP-certified team is available to answer questions when you need help and ensure compliance for your payroll. Talk to us about simplifying your payroll, reducing manual errors, and ensuring compliance. Click here to get started
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Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.