In amongst the political shenanigans over the postponement of the national (UK) budget, one thing which many might have overlooked is it defines the proposed changes to a range of factors affecting payroll.
The vast majority of companies and organisations have some form of payroll system and we know of at least one major payroll provider (IRIS) who have indicated that this will delay the delivery of a system update.
Obviously, changes to legislation affecting payroll require these companies to make changes to their software. Any delay or uncertainty over the budget and its provisions will, naturally, slow up this process.
In the case of IRIS (and, we suspect, others), their advice is that “you can pay your employees as normal for FY 2019/2020 however year-end processes cannot be completed until updates have been made available.” They, and the other payroll providers, assure us they are in touch with HMRC and we also know that the relevant professional bodies are working with the government to minimise the impact this has on employers.
Julie Downie, Senior Accounts Manager