2024 Payroll Legislation Updates Every Business Should Know
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This episode was taken from a live recording of the Payroll Question Time May ‘24 Webinar.
Join your host Nick Day on today’s episode of the Payroll Podcast as we dive deep into the latest payroll insights with industry experts Karen Thompson, Simon Parsons, Richard George, and Matthew Akrigg.
In this episode of Payroll Question Time, we delve into critical payroll topics, starting with the impact of the upcoming general election on payroll policies. Our panel, provides insights into how these political changes might shape the future of payroll.
We tackle the challenges of Real-Time Information (RTI) errors and mismatches, offering troubleshooting tips and discussing the complexities of inputting hours worked. Learn about the implications of investment zones and freeports on payroll operations, and how to navigate the evolving landscape of low pay, commission, and living wage regulations.
Dive into the latest updates on national insurance and taxpayer identification numbers, along with a specific case study on PMI dental and health cash plans affecting national living wage compliance. We also address the administrative burdens faced by payroll services and small businesses, and the legislative changes on the horizon, including RTI improvements and statutory pay updates.
Our discussion extends to the difficulties surrounding employee tax codes and HMRC issues, highlighting the automation routines and the impact on payroll teams.
Join us for an informative session that balances the complexities of payroll compliance with practical solutions and expert advice.
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Our Expert Panel:
- Simon Parsons, Director of UK Compliance Strategies at SD Worx
- Karen Thomson, UK Payroll Director, AAB
- Richard George, Director of Education, The Payroll Centre
- Matthew Akrigg, Policy and Research Officer, CIPP
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