Top 5 Things To Know In Payroll This Week – 26/02/2021

Take a look at some of the things you should know about in payroll this week!

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1.     Gender Pay Gap reporting deadline extended

The Equality and Human Rights Commission have announced that employers now have until 5 October 2021 to report their gender pay gap information for the 20/21 reporting year (which uses a snapshot date of 31 March 2020 and 6 April 2020).

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2.     New Starter Checklist for 2021/22

HMRC have published an update to the new starter checklist to include new student loan plan type 4. This can be used for new employees where their first pay date is after 6 April.

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3.     Employers who have claimed through the Coronavirus Job Retention Scheme

HMRC have published the details of employers who have made claims for employees on furlough.  This month sees the publication for claim periods in December 2020 and gives an indication of how much has been claimed.

This information will also be made available to employees via their Personal Tax Account. 

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4.     Employer guidance on student loan and postgraduate loans updated 

Guidance has been updated to include information if you are operating off-payroll and new Plan type 4.

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5. CWG2: further guide to PAYE and National Insurance contributions 2021/22

As part of preparations for the new tax year, HMRC have published the new version of the CWG2 further guide to PAYE and National Insurance contributions

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Payroll Forum – 5 March 2021

To hear more about the latest updates in UK payroll from the budget to the preparing for the new tax year register your place at the Payroll Forum.

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