Big payroll changes on the way

Bevan & Buckland Accountants logoSwansea Accountants offer businesses help with big payroll changes

From this April employers and pension providers will have to submit information to HM Revenue and Customs in a new way, one that is likely to increase the workload of those responsible for payroll management.

Historically a single return has been made to HMRC annually, showing what each employee has been paid in the financial year. From April, in a bid to improve the accuracy of PAYE donations and help support the introduction of Universal Credit when it is introduced by the tina davies bevan bucklandDepartment for Work and Pensions (DWP) in October, a new system of real time reporting will come into effect and as part of the standard payroll practice all payments and deductions to employees or pension recipients must be provided to HMRC.

The HMRC will work with employers, pension providers and payroll providers to make the new system work during its pilot year, but it is essential for anyone falling into these categories to ensure they read the HMRC’s guidelines to ensure compliance. This information is available at www.hmrc.gov.uk/rti/payerealtime.htm.

Bevan and Buckland, one of the largest accountancy firms in Wales with offices in Swansea, Cardiff, Haverfordwest, Pembroke, Carmarthen and St David’s, could help. It is easy to separate payroll from a company’s other accounting practices, meaning that the work can be outsourced to a specialist agency. Bevan and Buckland, which has a track record spanning more than a century, has a dedicated BACS accredited payroll team, and can offer companies a fully-managed and confidential payroll service. One major benefit is that they will then take on the responsibility of keeping up-to-date with all the legislation.

For further information about how Bevan and Buckland can help your company with management of the payroll contact Tina Davies on 01792 410100 or by email at help@bevanbuckland.co.uk.

To find out what other services are offered by Bevan and Buckland visit www.bevanbuckland.co.uk.

Tina Davies
MCIPP(dip) Member Chartered Institute of Payroll Professionals

Tina Davies is manager of Bevan & Buckland’s Swansea Payroll Department, we also operate a payroll bureau service from the firm’s Pembroke and Haverfordwest offices.  

http://www.bevanbuckland.co.uk/services/payroll Tel: 01792 410117

Bevan & Buckland Accountants Swansea Tel: 01792 410100

Bevan & Buckland Accountants Haverfordwest Tel: 01437 760666

Bevan & Buckland Accountants Pembroke Tel: 01646 682383

Bevan & Buckland Accountants Carmarthen Tel: 01267 233115

Bevan & Buckland Accountants St David’s Tel: 01437 720352

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