Work Place Pensions
Changes to legislation in April 2013 have changed the way payroll is processed and businesses are processing in ‘Real Time’ in line with HMRC requirements. This means that all businesses have already made changes to the way that their staff are paid and all systems have been computerised.
Further changes in legislation began in April 2012 seeing that eventually all businesses will offer a work place pension to eligible staff, and are being staged in effecting everyone who operates a PAYE Scheme. These changes must be implemented by law.